With Egypt’s macroeconomic stability restored, officials are starting to turn their attention to longer term reforms and number one on the list appears to be reinvigorating the stalled privatisation drive. There remain some reasons for caution given Egypt’s track record, but we think that there might be more progress this time around. Elsewhere, the second Tripartite Committee meeting of Saudi Arabia, China, and Iran highlighted the Kingdom’s warm ties with China and that US President-elect Trump faces a different Middle East compared to his first term. Meanwhile, Trump’s picks for his energy team could strengthen the case for Saudi Arabia to raise oil production aggressively.
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