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  1. Iran Could Face Major Banking Crisis Post-Sanctions

    ...til it has taken stock of its available assets. Oil revenue in the 2016-17 budget is projected at $22bn, a mere 18% of Iran’s oil revenue of $119bn in 2011 (MEES, 19 February).  Iran is looking to tap foreign direct investment (FDI) for many of its planned projects in the post-sanctions era. The ne...

    Volume: 59
    Issue: 10
    Published at Fri, 11 Mar 2016

  2. Egypt Seeks Growth At Sharm El-Shaikh Conference

    ...stability following the February 2011 ouster of Husni Mubarak. Foreign direct investment has yet to recover. Egypt will use the conference to showcase its “Sustainable Development Strategy 2030” as well as its 2014-19 economic and social reform plan, which includes new legislation to attract investors to...

    Volume: 58
    Issue: 10
    Published at Fri, 06 Mar 2015

  3. Jordan Slashes Spending In Bid To Halve Deficit

    ...l prices remain at their current level of around $60/B, Nepco’s 2015 losses would fall to around JD600mn ($846mn), he says. Jordan imports around 96% of its energy needs. Nepco has suffered cumulative losses of JD4.5bn ($6.3bn) since Egyptian gas supplies began to dwindle in 2011.    To make up...

    Volume: 58
    Issue: 10
    Published at Fri, 06 Mar 2015

  4. Tunisia Pledges Cuts To Avoid Economic ‘Catastrophe’

    ...lamist party Ennahda won the elections after the overthrow of Ben Ali’s regime in January 2011, but two political assassinations of prominent opposition deputies in 2013 reminded Tunisians that they were still in transition, given the economic challenges and external shocks experienced since 2011. La...

    Volume: 57
    Issue: 10
    Published at Fri, 07 Mar 2014

  5. MPs Object To Jordan March Product Price Rise

    ...ar. This compares with a subsidy for petroleum products estimated at JD800mn ($1,128mn) in 2012. According to latest figures from Jordan’s Department of Statistics, imports of crude oil and products rose by 20.8% in 2012 to JD4,702mn ($6,630mn) over 2011, accounting for 32% of total imports of JD...

    Volume: 56
    Issue: 10
    Published at Fri, 08 Mar 2013