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Libya Gas Exports To Italy Pick Up
...d (3.23 bcm) for 2021, the lowest annual figure since 2011, when that year’s revolutionary anarchy completely halted exports for several months (see chart). Supplies have now fallen each year since 2019 after the completion of the second phase of the Bahr Essalam project which bumped capacity by 40...
Volume: 65Issue: 04Published at Fri, 28 Jan 2022 -
Jordan Budgets For Big 2020 Spend
...ectricity is heavily subsidized, Nepco amassed $1bn+ annual deficits from 2011-2014 when high oil prices combined with a shift to costly oil products as Egyptian gas imports dried up (MEES, 31 May 2019). The situation has since improved, but the debts remain. Lucky for Amman, the recent start up of gas im...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Algeria Notches Up $11bn 2017 Trade Deficit; Total Since 2015 Hits $45bn
...ve since become entrenched – the three deficits since have totaled $45.2bn. For 2017 MEES calculations indicate that it would have taken an oil price of $76/B to break even on trade. Spending on imports jumped in 2011 and rose strongly in each of the three subsequent years on the back of in...
Volume: 61Issue: 04Published at Fri, 26 Jan 2018 -
Jordan Slashes Planned Deficit By 25% For 2017
...lculus. In 2016 the value of Jordan’s energy imports represented 10% of GDP, down from 18% in 2014, according to Energy Minister Ibrahim Saif. Up till 2011, Jordan mostly relied on imported gas from Egypt. But it has since moved to replace Egyptian gas supplies by LNG imports via a floating storage an...
Volume: 60Issue: 04Published at Fri, 27 Jan 2017 -
MENA Youth Unemployment Chronic-ILO
...r 2015, this “will not be sufficient to reduce the persistently high unemployment rates.” ARAB SPRING HANGOVER The MENA region has yet to recover from 2011’s ‘Arab Spring’ political instability. The MENA region’s average unemployment rate rose to 11.6% in 2011 from 10.8% for 2010. Yo...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
Egypt To Tap Bond Market
...rrowing, given that Egypt has been absent from the debt market since the January 2011 overthrow of Husni Mubarak. The dollar-denominated issue will likely be split into two tranches – one for 10 years and the second for a longer period finance ministry official Hanan Salim told Reuters. “This will be Eg...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
Syria: The Cost Of War
...SYRIA Syria: The Cost Of War As the Syrian civil war enters its fourth year, the Syrian Deputy Prime Minister for Services and Minister for Local Administration ‘Umar Ghalawanji puts the damage to the economy from March 2011 to date at S£3,250bn ($21.7bn): S£2,528bn ($16.9bn) in in...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Yemen: 2014 Budget Looks To Patch Holes In Violence-Fueled Revenue Slump
...14, both figures represent a real-terms cut. Table 2: Yemen’s 2014 Budget (Yr Bn) 2014 2013 % Change 2012 2011 Revenue 2,...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
ILO Report Offers Stark MENA Outlook
...erage. Of course, high youth unemployment in countries such as Egypt and Tunisia is often cited as a key catalyst for the 2011 ‘Arab Spring’ uprisings. But the data is now far worse; for North Africa youth unemployment rose by almost six percentage points between 2010 and 2013, another ‘world’s worst’ pe...
Volume: 57Issue: 04Published at Fri, 24 Jan 2014 -
Yemen’s 2013 Budget Aimed At Speedy Return To Stability
...en subjected to numerous sabotage attacks during 2012, disrupting production and export operations for long periods. Mr Wajih estimated the fall in crude oil output in the first nine months of 2012 at 28.2% below the corresponding period of 2011. To achieve the government’s oil and gas ta...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
IMF: Qatar’s Economic Outlook Remains Robust
... 2008 2009 2010 2011 2012 2013 Production and Pr...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013