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Kuwait Parliament Ratifies $116Bn Development Plan
...wait’s chronically poor project implementation means that only three months from the end of the period covered by the previous plan (for 2010-11 to 2014-15) a mere 41% of the budgeted $110bn has been spent. The latest plan is part of Kuwait’s long-term vision of becoming a regional trade and fi...
Volume: 58Issue: 08Published at Fri, 20 Feb 2015 -
Saudi Reserves Hit $753Bn But Trade Surplus Falls
...udi economy, notes that the growth in the 2013 reserve accumulation is lower than in 2012 and 2011, a reflection of a 7% decline in oil export revenues and a high appetite for imports which rose 8% in value last year. Looking ahead, Samba is forecasting an increase in foreign assets to $823bn in 2014...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
US $1Bn Jordan Fund
...robond, which was snapped by investors, and came in oversubscribed at $2.2bn. The issue was arranged by Citigroup, HSBC Holdings and JP Morgan Chase (MEES, 1 November 2013). Energy Bill 40% Of Budget Jordan’s 2014 budget envisages the inflow of JD1.151bn ($1.62bn) in foreign grants from the GCC, th...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Egyptians Rush Into Dollars, Fearing Pound’s Collapse
...owth rate of 3.3% in fiscal 2013 and 2014, but stresses that this would be below that necessary to generate sufficient job opportunities for some 700,000 new entrants to the labor market each year. ...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013