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Egypt Gas: ‘Remarkable Turnaround,’But Not Quite Yet
...rrent 32GW capacity includes 46% gas-fired and 43% gas or oil) – though the share of both renewables and coal has been increasing as the country’s chronic gas shortage since 2011-12 has forced it to seek alternatives. Massive power cuts in 2012 and 2013 helped catalyse protests that led to the ov...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
Egypt Revisits IMF Loan As Gulf Aid Slows
...Egypt has resumed “preliminary” loan negotiations with the IMF, local daily Al-Masry Al-Youm says, citing government sources. The amount has yet to be determined but Cairo conducted drawn-out discussions with the IMF with a view to finalizing a $4.8bn loan in the aftermath of the country’s 2011...
Volume: 59Issue: 24Published at Fri, 17 Jun 2016 -
Egypt Taps Bond Market For First Issue In Five Years
...ability to the country after the Arab Spring uprising of early 2011 which shut out Egypt from the international debt market. The last time Egypt dipped in the international debt market was in April 2010 with the launch of a $1.5bn Eurobond. Egypt’s growth prospects began to improve after President Ab...
Volume: 58Issue: 24Published at Fri, 12 Jun 2015 -
Jordan Plans $1Bn Bond
...reign grants to reduce its budget deficit. It expects to receive JD1,151mn ($1,623mn) in foreign grants in 2014, up from JD982mn ($1,385mn) in 2013 (MEES, 21 March). Gas Shortage Jordan’s fiscal situation worsened after the 2011 Egyptian revolution, which led to a disruption in Egyptian gas su...
Volume: 57Issue: 24Published at Fri, 13 Jun 2014 -
Egypt-IMF Talks Edge Forward; Budget Deficit Overshoots
...the first 10 months of financial 2012-13, at E£125.4bn ($17.9bn), appears on target to come in below the projected E£182.8bn ($26.1bn) annual figure and more or less level with 2011-12’s E£150bn; in fact the energy portion is set to undershoot (see graph 2). Energy subsidies – indicated in the fi...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
IMF Approves $1.74Bn Reform Loan For Tunisia
...fficulties and a series of external shocks following the 2011 revolution. It adds that due to a challenging economic environment, as well as regional and domestic tensions, real GDP contracted by 2% in 2011, foreign direct investment and tourism declined by more than 30% year-on-year, and unemployment rose to...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013