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KSA deposits USD 2 bn at Pakistan’s central bank ahead of IMF bailout
The IMF’s executive board is expected to sign off on Pakistan’s USD 3 bn loan today
EM bond rally here to stay?
USD bonds from Zambia, Pakistan, and Sri Lanka returned 25% in the past month
Is it too soon for optimism on EMs?
Economic reforms may take longer than EM investors would like
Riyadh, Beijing cement ties with USD 10 bn in mutual investment
The 30+ agreements span renewables, tech, agriculture, and more
El Gouna to see USD 100 mn expansion within two years — and a Saudi iteration
Sawiris to partner with private investors on USD 500 mn KSA resort
Blinken holds talks with MBS amid strained ties
Plus: Breakthrough in Libya election talks in Morocco
KSA is doubling down on its sports spending with investments in football + golf
The investments are part of the kingdom’s push to diversify its revenue streams beyond oil
THIS EVENING: FX reserves inch up again in May + Kuwait heads to the parliamentary polls again
Good afternoon, wonderful people, and happy hump day. It’s so far a rather calm day here at home, but there’s…
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