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Saudi Arabia Announces Borrowing, Reserves Draw-down Plan
...llows through on Mr Jadaan’s statement, then reserves would drop to around $468bn. The lowest figure since early 2011, but comfortably above the sub-$400bn levels of 2009. Meanwhile, the balance between borrowing and tapping reserves mentioned by Mr Jadaan highlights the extent to which Saudi Ar...
Volume: 63Issue: 17Published at Fri, 24 Apr 2020 -
Tunisia: IMF $2.8bn Loan
...rticularly for the youth,” Mr Matti says. Tunisia, the first country to usher in the 2011 Arab Spring, is struggling to cope with the political and economic transition as the influx of refugees from neighboring Libya and a series of terrorist attacks have led to the collapse of the tourism industry. Oil an...
Volume: 59Issue: 17Published at Fri, 29 Apr 2016 -
Egypt: UAE Joins Saudi In Bolstering Sisi With $4bn In Aid
...lks with the IMF and said that Egypt had recently put forward its development program and has no problem to deal with any institution on the basis of this program. For around two years after the January 2011 revolution, Egypt held intermittent talks with the IMF to obtain a loan. This did not ma...
Volume: 59Issue: 17Published at Fri, 29 Apr 2016 -
EU Eases Syria’s Oil Sanctions
...day eased certain EU sanctions against Syria, including the oil embargo, so as to help the civilian population and support the opposition.” EU sanctions were imposed in 2011 in response to the Asad regime’s crackdown on pro-democracy protests. Sanctions banned exports of key equipment and technology to...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013