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Qatar 2018 Revenue Surge Finances Renewed Checkbook Diplomacy
...rch 2018 (MEES, 30 March 2018). Bilateral relations have been strong following since Qatar’s mediation in the Darfur conflict, which resulted in the 2011 Doha Document for Peace in Darfur. Qatar has of course spent lavishly over the years on sports in an attempt to garner international prestige. Th...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Jordan Plans Tax Hike To Cover Planned 2019 Deficit
...factors outside its control (see chart). The 2011 ‘Arab Spring’ was the turning point as it scared tourists away from the region and saw Syria collapse into civil war, pushing millions of refugees into Jordan and eliminating much of the country’s land-based trade. The rise of the Islamic State in Ir...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Libya’s NOC Cuts Gas To Fertilizer Plant
...ra (50%), NOC (25%) and Libyan Investment Authority (25% - MEES, 16 February 2009), hasn’t made a profit since the 2011 Libyan revolution and has racked up a combined $234mn in loses up to 2016 according to Yara annual reports - no figure was given for 2017. Yara wrote down $112mn of its investment in 20...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019 -
Exxon Cyprus Drilling Flop
...illed to a depth of 4,000ms. Cyprus has had mixed success in its offshore drilling. Since US firm Noble Energy discovered the as yet undeveloped 4.2tcf Aphrodite in 2011, Eni has drilled two dry wells in 2015 in Block 9, French major Total drilled a dry well in Block 11 before Eni discovered what is be...
Volume: 62Issue: 05Published at Fri, 01 Feb 2019