- Sort by:
- Score
- Published ▼
-
Egypt Looks To Cut Deficit Amid Uncertainty
...me 80% of tourists have cancelled their planned holidays to Egypt this year. Tourism contributes around 12% of Egypt’s GDP and last year posted a record $13.03bn in revenues. The tourism sector had only just recovered from the aftermath of the Arab Spring in 2011 and a spate of terrorist attacks in...
Volume: 63Issue: 14Published at Fri, 03 Apr 2020 -
Egypt Foreign Reserves Hit Six-Year High But Still Long Way To Go
...Egypt’s foreign reserves rose by just shy of $2bn to $28.5bn in March, the highest since March 2011, as the influx of around $10bn in foreign aid and loans since November last year has helped the country’s ailing economy get back on its feet (see chart). Egyptian President Sisi’s trip to Wa...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
Kuwait Plans To Double Debt Ceiling To $66bn
...2015 4Q16 vs 4Q15 4Q15 2014 2013 2012 2011...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
Egypt Issues $1.5Bn Eurobond Mandate
...ternational market. The planned Eurobond issue will test the market for future borrowing, given Egypt’s absence from the debt market since the January 2011 revolution which overthrew the Husni Mubarak regime. The last time Egypt dipped into the international market was in April 2010 with the launch of a $1....
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Jordan Slashes 2014 Budget Deficit
...d Japan. Jordan’s economy is also under strain, due to the influx of around 1.4mn Syrian refugees, who have fled their war torn-country after the start of the uprising in early 2011. Jordan estimates the cost of looking after these refugees at $3bn in 2015 (see column). Jordan’s public debt st...
Volume: 58Issue: 14Published at Fri, 03 Apr 2015 -
Qatar Announces Record Budget But Curbs Expenditure Growth
...up by more than 20%, in preparation for the hosting of the 2022 World Cup. The new budget, which began on 1 April, is expected to carry on with the implementation of programs and strategic development projects envisaged in Qatar’s national strategy for 2011-16, and the realization of the ob...
Volume: 57Issue: 14Published at Fri, 04 Apr 2014 -
Qatar Boosts 2013-14 Budget Expenditure
...total revenue. Latest data on actual budget statistics show that oil and gas revenue in 2011-12 represented 69.6% (around $42bn) of total revenue (Table 2). But this figure is expected to rise significantly as Qatar’s North Field developments have diversified the revenue stream away from crude ou...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Oman Warns Of Imminent Belt Tightening
...ring and global financial crisis. The Omani government boosted spending on both welfare and job creation initiatives in 2011 in an attempt to quell the social unrest that threatened to destabilize the country in the wake of the Arab Spring. The authorities also took to spending heavily on cr...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Egypt Hopes Subsidy Reforms Will Hasten IMF Deal
...12 but still 30% down on pre-Revolution levels. Suez Revenues Down One key pillar of the Egyptian economy which had held up is Suez canal revenues, which were at close to record levels for both 2011 and 2012 ($5.22bn and $5.13bn respectively – MEES, 1 February).The canal had been one el...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Yemen Chases Further IMF Aid
...viving its economy for sustainable growth,” World Bank vice president for MENA Inger Andersen said of the apparent ‘bottleneck.’ Yemen in February recently set up a department to secure more of the $7.5bn pledged, but progress appears to still be lagging. 2011 GDP PER CAPITA FOR SELECTED MENA CO...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
Bahrain’s Economy Falters On Weak Hydrocarbons Production
...Bahrain’s hydrocarbon sector production fell by around 7% year-on-year, reducing its contribution to GDP from 28% in 2011 to just 25% in 2012. While the country’s hydrocarbon sector underperformed in 2012, the financial and real estate sectors rebounded slightly following a year of decline due to po...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013