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Saudi Arabia Pledges To Invest Oil Export Windfall In Economic Reforms
...P in the first quarter of the year growing at the fastest pace since 2011. Unsurprisingly, the surge has been driven by resurgent oil markets, as the fallout from Russia’s 24 February invasion of Ukraine has pushed oil prices above $100/B for the first time since 2014. The kingdom launched its Vi...
Volume: 65Issue: 18Published at Fri, 06 May 2022 -
Saudi Arabia Posts $9bn Q1 Deficit, Worse To Come
...e $32bn that Finance Minister Muhammad al-Jadaan just last week stated that the government would use (MEES, 24 April). Despite the latest steep fall in reserves, they still stood at a massive $465bn in March. And while this was their lowest level since March 2011, it still represents more than th...
Volume: 63Issue: 18Published at Fri, 01 May 2020 -
Algeria Slashes Oil & Gas Investment
...e first one in six years that stands a hope of being hit (see charts). ALGERIA: KEY OIL AND GAS STATS 2011 2012 20...
Volume: 61Issue: 18Published at Fri, 04 May 2018 -
Algeria Charts New Economic Direction. Is It Battling Against The Tide?
...ll trade data). It is, however, notable that surpluses were already shrinking rapidly from the bumper $26.24bn notched up in 2011 even whilst oil prices remained at $100/B-plus as Algiers sought to use public largesse to counter fears of Arab Spring ‘contagion’. By the same token the fact that th...
Volume: 60Issue: 18Published at Fri, 05 May 2017 -
Syria Estimates Oil Industry Losses At $8.1Bn
... SYRIA Syria Estimates Oil Industry Losses At $8.1Bn Between the beginning of the uprising in March 2011 and the end of February this year the Syrian petroleum sector has sustained a loss in excess of S£73bn ($1.04bn, using an average exchange rate of $1=S£70 fo...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
IMF: Diversification Key For Sudan With Oil Revenues Imminent
...2mn). “The secession of South Sudan in July 2011 led to a very significant adverse economic shock for Sudan,” the IMF resident representative in Sudan Paul Jenkins tells MEES. “The Sudanese government has taken steps to try and narrow the deficit – largely through compressing capital expenditure and ra...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
US Ex-Im Proposes More Gulf Funding
...rizons. Ex-Im MENA Exposure ($Mn) 2012* 2011* Algeria 109 147 Bahrain 257 267 Egypt 540 593 Jordan 7 3.2 Ku...
Volume: 56Issue: 18Published at Fri, 03 May 2013