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Cairo Launches $10bn Privatization Drive In Bid To Plug Financing Hole
...ile Egypt agreed to hand over the two islands in 2017 in a deeply unpopular move (MEES, 4 August 2017), it has yet to finalize the deal. EGYPTIAN STATE-OWNED ENTITIES SLATED FOR 2023 PRIVATIZATION *NREA (NEW AND RENEWABLE ENERGY AUTHORITY). **SCA (SUEZ CANAL AUTHORITY). ^CBE (CENTRAL BA...
Volume: 66Issue: 08Published at Fri, 24 Feb 2023 -
Kuwait LNG Imports Rise In 2019
...18, this would still fall shy of 2017’s record 3.5mn tons. Nearly 60% of Kuwait’s power capacity comprises from gas-fired plants, and upgrades here in recent years have enabled more efficient generation. As such Kuwait generated record amounts of electricity in 2019 (MEES, 14 February), despite ga...
Volume: 63Issue: 08Published at Fri, 21 Feb 2020 -
Egypt Raises $4bn Bond, Posts $10.4bn 2H18 Deficit
...6.7bn ($10.4bn) for the first six months of the 2018-19 financial year (July-December 2018), more or less unchanged from the E£187.3bn ($10.6bn) for the first half of the previous 2017-18 financial year. The 1H 2018-19 figures suggest that Egypt is likely to post a significantly lower deficit for 20...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Petroceltic Threatens Legal Action Over Egypt Dues
...der to get them to pay their dues. But after investing hundreds of millions of dollars in Egypt and creating many jobs we have no choice,” the firm Tweeted on 12 February. The firm’s most recent filings for 2017 (filed October 2018) indicate that the company’s “trade and other receivables” soared fr...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Egypt Economy On Track But Long Road Ahead
...ys. Overall, the IMF expects annual growth to average “4.8% in 2017-18 and rise further to around 6% in the medium term.” By comparison, the economy grew 4.2% in 2016-17. Looking at selected macroeconomic indicators, Egypt appears to be “broadly on track.” Last year’s 4.2% growth exceeded the IM...
Volume: 61Issue: 08Published at Fri, 23 Feb 2018 -
Iran Scrambles To Stop Rial Depreciation, Risks Boosting Inflation
...position to any such efforts. Latest data from the CBI on the first nine months of fiscal year 2017-18, which began on 21 March, show that budget deficit is running at IR385 trillion, or IR514 trillion, prorated for the full year. At the set budget rate of $1=IR33,000 this is equivalent to $15.6bn, bu...
Volume: 61Issue: 08Published at Fri, 23 Feb 2018