- Oman has reportedly received a $1bn deposit from Qatar.
- Oil fell to a five-month low below $38 on Covid worries and revived Libyan production.
- The Saudi Q3 deficit eased to -$10.9bn on stronger oil and VAT revenue.
- Major reforms appear to be coming to the Saudi labour market.
- S&P downgraded RAK & Sharjah, but Moody’s affirmed Abu Dhabi.
- Qatar’s preliminary Q2 deficit was just -1% of GDP.
- Moody’s annual review of Qatar praised its Covid response.
- Kuwait’s undersecretary of finance resigned in protest at a reshuffle.
- Bahrain’s FX reserves dipped sharply in August to $1.1bn, before the bond replenished them.
- Israel approved US F-35 sale to UAE and seems resigned that Qatar might also get them.
- Consumers and some firms began boycotting French goods over a renewed cartoons dispute.
- Trump said Sudan will normalise with Israel, but the deal is only preliminary.
Read the full report here.
