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Qatar Gas Exports Surge To Five Year High
...2022 they remain slightly down year-on-year. Even if its core gas exports have dipped slightly this year, soaring commodities prices have pushed Qatar’s export revenues up to multi-year highs of late, with Q1’s $28.51bn the highest quarterly figure since 3Q 2014 (MEES, 3 June). Revenues are up ac...
Volume: 65Issue: 25Published at Fri, 24 Jun 2022 -
Egypt Continues Subsidy Reform, Hikes Fuel Prices
...nference Mr Molla says the recent fuel price rise will not be the last. "According to a five-year plan adopted by the government in 2014, we are still subsidizing 25% of fuel prices." Mediterranean prices for 95 Ron gasoline averaged around $87/B for May. This equates to $0.55/liter, around 20% more th...
Volume: 61Issue: 25Published at Fri, 22 Jun 2018 -
Qatar Downgrades Growth Forecast, But LNG Revenue Projection Looks Bullish
...l price of $39.3/B. These are both significantly down on the December 2015 estimates: the current account breakeven figure is down by more than a third. Monthly imports in the first two months of the year remained roughly at 2014-2015 levels of $2.5-3bn, with February slightly up year-on-year. Th...
Volume: 59Issue: 25Published at Fri, 24 Jun 2016 -
Slow Start For Saudi Stock Market Opening To Foreigners
...abia was the only country among the G20 which barred foreign investors from its stock market. Saudi Arabia, the biggest economy in the Middle East with a GDP estimated at $750bn in 2014, has a stock market capitalization at more than $590bn. With modest trading in the first week of opening the ma...
Volume: 58Issue: 25Published at Fri, 19 Jun 2015 -
Libya: Budget ‘Approved’ But More Cuts Likely
...LIBYA Libya’s caretaker government of Prime Minister Abdullah al-Thinni now considers the 2014 Libyan budget as having been “legally approved by the General National Congress (GNC).” Following a meeting on 10 June, the government issued a statement explaining that, in its own in...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
Morocco €1Bn Bond
...indexation), while extending social support to the most vulnerable of the population. In January 2014, the authorities removed subsidies on gasoline and industrial fuel and reduced the per-unit subsidy of diesel, and announced further reductions for the remainder of the year. Total subsidies in...
Volume: 57Issue: 25Published at Fri, 20 Jun 2014 -
GCC Measures Against Hizbollah Could Undermine Lebanese Economy
...banese GDP Growth Cut To 2% In its latest Global Economic Prospects the World Bank revised Lebanon’s real GDP growth in 2013 downward to 2% from 2.8% in January. It is now estimating growth at 1.5% in both 2011 and 2012 and is projecting a rise to 2.3% in 2014 and possibly 4.0% in 2015. The World Ba...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013 -
Yemen Oil Revenues Take Nosedive
...proving the business climate. An IDB statement said that it is giving Tunisia a financial guarantee to issue a sukuk worth $600mn before 2014. Tunisia hopes to raise its first sovereign sukuk of $700mn later this year. The IMF recently approved a $1.74bn loan for Tunisia for 2013-15. The program aims to st...
Volume: 56Issue: 25Published at Fri, 21 Jun 2013