Egypt privatisations, Saudi tourism, Lebanon re-pegs

Egypt’s privatisation drive appears to be stepping up a gear in 2023 with plans to sell stakes in twenty companies which, if these materialise, will boost long-term economic prospects. But it remains to be seen whether these efforts fall short, as previous attempts have. Elsewhere, Saudi Arabia’s government outlined a lofty target to attract 100mn visitors by 2030, but the goal looks unattainable and it’s questionable whether this would be the best use of the Kingdom’s economic resources. And finally, while the Lebanese pound was devalued by 90% to 15,000/$ this barely scratches the surface in terms of tackling the country’s crisis.