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The Terror Risk To Tunisia’s Tourism Industry
...llion in 2014 to 5.4 million in 2015, and foreign currency earnings tumbling by 43% to $1.2bn (see chart). And while arrivals began to recover again after 2015, major European tour operators only just started to return last year after foreign government travel warnings were eased. Improved se...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019 -
Algeria Adding Powergen Capacity, But Big CCGT Progress Piecemeal
...ojects in 2012, at Ain Arnat and Ras Djinet, with six more following in 2014. None has yet been declared fully operational and the rates of progress vary widely. Sonelgaz, which is constrained by government policy preventing it from seeking outside investment, can only pay contractors when it has cash in ha...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019 -
End In Sight For Egypt’s Fuel Subsidies
...Egypt has ended fuel subsidies for the majority of oil products, bringing an end to four years of reform that has seen the average price of gasoline almost triple and diesel prices rise by a whopping 514% in local currency terms, since Cairo began removing subsidies on oil products in June 2014...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019 -
Kuwait Eyes Huge 2019-20 Budget Deficit
....7% of GDP. The expiry of the government’s authority to issue debt means it has had to tap into the General Reserve Fund (GRF) to finance deficits since 2014, and Finance Minister Nayif al-Hajraf has warned that the fund is suffering from a shortage of liquidity and requires a replenishment of fi...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019 -
Egypt Misses Receivables Deadline Again
...uld fully eliminate receivables by end-June 2019 (MEES, 12 April). It is not the first time Egypt has missed a self-imposed deadline, with former oil minister Sharif Ismail stating in 2014 that Cairo would completely pay off IOCs by the end of 2016. Nonetheless, Egypt has made good progress in pa...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019