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Egypt’s Economy: Looking Shaky Despite Cash Inflows
...nth earlier, the highest level since 2011 (see chart). The central bank says post-devaluation some $11.7bn of foreign currency has flowed into Egyptian banks as well as investment in the local stock market and treasury bills, boosting forex reserves to six months’ import cover. The pound has edged hi...
Volume: 60Issue: 07Published at Fri, 17 Feb 2017 -
S&P Downgrades GCC Ratings On Back Of Tumbling Oil Prices
...hrain’s public finances. S&P highlights that public spending has remained elevated since the outbreak of mass civil unrest in 2011, with wages, salaries and subsidies accounting for 72% of spending. Despite Bahrain’s financial woes, however, the agency believes that economic support from neighboring Saudi Ar...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Iran Sets Out FDI Strategy As Foreign Cash Starts To Trickle In
...lay is that Mr Rohani waited for the lifting of international sanctions against Iran on 16 January to unveil the 2016-17 budget the next day (MEES, 22 January). The budget projects oil revenue at $22bn, based on an oil price assumption of $35-40/B; oil revenue hit a record $119bn in 2011 wh...
Volume: 59Issue: 07Published at Fri, 19 Feb 2016 -
Egypt’s Economy Begins To Turn The Corner
...EGYPT Egypt’s Economy Begins To Turn The Corner Egypt’s structural and monetary reforms are starting to bear fruit, following four years of political and economic slowdown since the ouster of the Husni Mubarak regime in 2011, the IMF says in its latest Article IV consultation with Eg...
Volume: 58Issue: 07Published at Fri, 13 Feb 2015 -
Egypt: New UAE-Fueled Stimulus Package
...d to $3bn. Regional Aid To Egypt Since 2011 ($Bn) Mursi Rule (2012-13) 12.75 Qatar 6 Saudi Arabia 3.75 Li...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Syria Announces Cabinet Reshuffle As Economy Falters
...dustries. The petroleum sector’s loss is very high, with crude oil production falling by 47% after the imposition of sanctions and the exit of foreign companies in October 2011. Syrian Prime Minister Wail al-Halqi, who retains his post after the reshuffle, acknowledged in January that “acts of te...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
IMF Says Morocco’s 2012 Growth Slows To 3.2%
...ocks, in coordination with other macroeconomic and structural policies. Morocco: Selected Economic Indicators, 2010–18 2010 2011 2012 2013 20...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013 -
UAE Attracted $8Bn Of Capital Inflows In 2012
...Maktum, told an open forum of government officials and citizens in Dubai. He explained that large amounts of capital left Egypt, Tunisia, Syria, Yemen and other Arab countries in search of safe havens after the outbreak of political and economic turmoil in early 2011. He noted that Arab ca...
Volume: 56Issue: 07Published at Fri, 15 Feb 2013