1. Libya’s 2019 Budget: Fact or Fiction?

    ...Muammar Gaddafi in 2011 and the ensuing violence. As if Mr Sanalla didn’t have enough on his plate, the budget only allocates around LD1.3bn ($935mn) for NOC employee wages (see table). Oil workers argue that the government was supposed to grant them a 67% increase in wages in line with a 2013 go...

    Volume: 62
    Issue: 13
    Published at Fri, 29 Mar 2019
  2. Egypt Reserves Up Again As Cairo Pockets World Bank Cash

    ...Egypt’s foreign currency reserves rose by a further $200mn last month to stand at $26.6bn at the end of February, their highest level since 2011 (see chart). And reserves will likely have risen further during March with Egypt’s receipt of the second $1bn tranche of a $3bn World Bank loan. Th...

    Volume: 60
    Issue: 13
    Published at Fri, 31 Mar 2017
  3. More Aid For Jordan, Lebanon And Tunisia

    ...Lebanon and Jordan were this week promised new loans totaling $573mn to help them cope with the cost of hosting Syrian refugees who have fled their country since the start of the civil war in 2011.  Lebanon has signed five loan agreements for $373mn with the Islamic Development Bank (IDB) to...

    Volume: 59
    Issue: 13
    Published at Fri, 01 Apr 2016
  4. Egypt Outlines 2015-16 Budget Guidelines

    ...s increased to 25% of the overall budget needs to be trimmed, adding that this increase was the result of the introduction of the minimum wage in the public sector as of the current year, normal salary increases and requests for adjustments pending since 2011.  ...

    Volume: 58
    Issue: 13
    Published at Fri, 27 Mar 2015
  5. Qatar’s Spending Spree Set To Continue

    ...ioritization of projects, if state entities fail to do so. This decision, according to Mr Emadi, reflects the government’s commitment to press on with its sustained development drive, focusing on the implementation of major projects in health, education, infrastructure and transport under the 2011-16 na...

    Volume: 58
    Issue: 13
    Published at Fri, 27 Mar 2015
  6. Algeria Returns To Expansionary Budget In 2014

    ...ALGERIA   Algeria Returns To Expansionary Budget In 2014    Algeria has adopted an expansionary budget for 2014 after cutting 2013 budgeted spending. But the projected 2014 spend is still well down on the bumper 2011 spend, when Algiers attempted to stave off calls for po...

    Volume: 57
    Issue: 13
    Published at Fri, 28 Mar 2014
  7. Libya To Transfer $2Bn To Egypt

    ...13 from over $36bn before the January 2011 revolt.  ...

    Volume: 56
    Issue: 13
    Published at Fri, 29 Mar 2013
  8. Syrian Pound Slides On “Malicious War”

    ...th Iran, which had extended a $1bn line of credit to Syria. Foreign exchange reserves, which stood at $18bn in March 2011, may have fallen to $5.6bn at the end of 2012 (MEES, 15 March). Meanwhile Syria has issued an Economic Crimes Law aimed at combating corruption and theft, preventing the de...

    Volume: 56
    Issue: 13
    Published at Fri, 29 Mar 2013
  9. IMF Sees Iraq’s Growth At 9% In 2013

    ...12 % Change 2011 2010 Total Revenue 119,297 102,327 16.6 80,935 61,735 Total Expenditure 138,425 117,123 18.2 96,663 84,657    Capital 55...

    Volume: 56
    Issue: 13
    Published at Fri, 29 Mar 2013