Recent updates from the GCC:
- Most states outlined reopening plans for the next few weeks.
- Coronavirus active infections fell in Saudi and Qatar, but returned to growth in UAE, and are rising quickly in Oman.
- Qatar has won a WTO dispute against Saudi about media piracy.
- Oman’s new involuntary retirement scheme could trim -4% off public sector wages in 2021.
- April CPI data showed deeper deflation in several states.
- Iraq is seeking GCC support, including on reparations to Kuwait and Saudi investment.
- Ghalibaf, a hardliner, was elected Iran speaker of parliament as tensions with the US pick up.
View the full Report at: https://www.globalsourcepartners.com/posts/gulf-weekly-reopenings-accelerate-and-oil-cuts-might-be-extended/teaser
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