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Egypt: Economic Gains Threatened By Record Import Bill
...bounded from 2015-16 terrorist attacks, which came as numbers were already depressed by instability in the wake of the February 2011 ‘Revolution’. Revenues of $2.2bn for 1Q 2018 are up almost 70% year-on-year, though arrivals remain well down on the immediate pre-Revolution year of 2010, when the country ea...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
Sisi Promises Economic Reforms
...ne which began shortly after the fall of Husni Mubarak in 2011. Saudi Arabia, Kuwait and the UAE pledged $12bn in aid after the removal of Islamist president Muhammad Mursi last year. Cairo is currently receiving assistance in the form of petroleum products from Saudi Arabia. The head of the Eg...
Volume: 57Issue: 21Published at Fri, 23 May 2014 -
Lebanese Officials Upbeat Despite Warnings
...P ratio to 133% in 2014 from 130% at present. The IMF expects Lebanon’s fiscal deficit to balloon to 9.7% of GDP from 9% for 2012 and 6.1% for 2011, according to figures contained in its Regional Economic Outlook Update, released this week. Lebanon is rated B with a negative outlook by St...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Bahrain’s Economic Outlook Vulnerable To Oil Price Risk, Says IMF
...nsultation. The IMF observed that although economic activity improved following the 2011 downturn, the absence of an enduring solution to the country’s political tension means investment is expected to remain weak. This implies only moderate non-oil growth “below 4% in 2013 and over the medium te...
Volume: 56Issue: 21Published at Fri, 24 May 2013