- Dubai issued $2bn in bonds and sukuk and Bahrain started talks with banks about an issuance to take advantage of the sharp fall in yields.
- The first Israel-UAE flight travelled over Saudi Arabia as normalisation continued.
- PMIs fell back into contraction in UAE and Saudi as rebounds faded, Qatar’s also dipped.
- Aramco is reportedly slowing its domestic and international investments.
- A Kuwaiti newspaper said the government will pass the debt law by decree if parliament doesn’t.
- Oman’s parliament approved the VAT law but proposed delaying it until 2022.
- Oman posted a weak June fiscal outturn, bringing the H1 deficit to $2.4bn.
- The ICJ held hearings on Qatar’s claim of racial discrimination by the UAE.
- Lebanon got a new prime minister and Tunisia a technocratic government.
Read the full Report here.
New daily infections in the UAE
