- Sort by:
- Score
- Published ▼
-
UAE-Oman Relations: Brotherly Love Or Sibling Rivalry?
...jor diplomatic spats have been few: the only high-level incidents in recent years are Oman’s claims to have broken up Emirati-backed spy rings in 2011 and in 2019; claims which Abu Dhabi denies. Where the countries have more often clashed is in their very different approaches to regional foreign po...
Volume: 67Issue: 20Published at Fri, 17 May 2024 -
Egypt’s Deficit Up
...balances after the January 2011 revolution (including $3bn grants from Saudi Arabia and the UAE, in addition to E£20.3bn out of the E£29.7bn allocated to finance the first stimulus package), it did not have the same inflow in the corresponding period of 2014-15. If these exceptional inflows were to be ex...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Libya Could Run Out Of Cash Sooner Rather Than Later
...ports of refined products. Public salaries dropped slightly from LD25.6bn in 2013 to LD23.8bn in 2014, but this was still more than 60% higher than the LD14.8bn the government spent on salaries in 2011. The drop in the oil price is likely to mean the government’s subsidies bill falls in 2015, but if the ad...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Bahrain 2015-16 Budget Deficit Soars
...ice exceeds $40/B. Four GCC countries, Saudi Arabia, Kuwait, the UAE and Qatar set up in 2011 a Gulf development fund to disburse $10bn in grants over 10 years to finance Bahraini projects. This aid will be extremely timely in these hard times of low oil revenue (MEES, 1 March 2013). BAHRAIN BU...
Volume: 58Issue: 20Published at Fri, 15 May 2015 -
Iran: Hope All-Pervasive, But Is It Justified?
...der the previous administration stand out. Mahmoud Reza Khavari, managing director of Bank Melli, Iran’s largest state-owned bank, fled the country to Canada in late 2011 in a $2.6bn embezzlement scandal. His alleged fraud involved the use of forged documents to obtain credit from at least seven Ir...
Volume: 57Issue: 20Published at Fri, 16 May 2014 -
Libya’s 2013 Budget Heading To Surplus
...LIBYA Libya’s 2013 Budget Heading To Surplus The freshly-released details of Libya’s 2013 budget shed some light on how the North African state in transition will spend its money in the year ahead. Whilst the country saw a rapid rebound in oil production after 2011’s re...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Calls Mount To Change Saudi Subsidies
...timated in 2011 that Saudi Arabia spends about 20% of its GDP supporting subsidies, including fuel subsidies. This proportion has continued to grow as subsidized prices in turn fuel ever higher demand growth. Stirrings Of Discontent Senior political figures are increasingly speaking out ag...
Volume: 56Issue: 20Published at Fri, 17 May 2013