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Tunisia Set To Return To The Past With New Constitution
...Tunisian President Kais Saied is pushing ahead with a new constitution which is set to reverse almost all the democratic gains of the 2011 revolution. Meanwhile, the economy is crashing. Tunisia is set to cap a decade-long experience with democracy on 25 July. President Kais Saied’s new ‘on...
Volume: 65Issue: 29Published at Fri, 22 Jul 2022 -
Algerian Gas To Italy & Spain Sees First Half Crash
...rst half, the lowest figure since Medgaz’ 2011 start up. Algeria is uneasy with the fact that the Moroccan section of the GME reverts to Rabat’s control next year. In anticipation of this, state-oil giant Sonatrach purchased a controlling stake in the Medgaz pipeline earlier this year and is wo...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Saudi Taps Domestic Market For $4bn Amid Soaring Deficit
...12 2011 Revenue 747 715 1046 -331 -30.4 1131 1239 1110 o/w Oi...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Iran Fronts Syria $1Bn
...pport to Syria has been essential since the beginning of the Syrian uprising, which began in early 2011. It continues to offer a lifeline of economic support in the form of oil supplies and credit. In 2014 Iran’s oil deliveries to Syria ranged between 50,000 b/d and 70,000 b/d, probably free of charge (ME...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
MENA Energy Subsidies: Some Progress But Much More To Do-IMF
...port, ‘Subsidy Reform in the Middle East and North Africa: Recent Progress and Challenges Ahead,’ questions whether Egypt has properly laid the ground for such reform. MENA: 48% Of Global Total MENA countries spend much more on subsidies than other regions: for 2011 the cost was $237bn, 48% of th...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014 -
Egypt Looks to Reform To Attract Investment, Boost Growth
...2% for the current 2014-15 fiscal year, which began on 1 July. Egypt’s growth rate has been stuck at around 2% for the past three years (see graph, MEES 4 July) – that is to say since the Arab Spring ‘Revolution’ of early 2011. Without the two economic stimulus packages of $4.3bn and $4.9bn in...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014 -
New Egyptian Government Faces Daunting Economic Challenges
...w Cabinet Interim Prime Minister Hazim al-Biblawi is a well-known economist who served as a finance minister and deputy prime minister in one of the first cabinets formed after the 2011 uprising which deposed Husni Mubarak. He also headed the UN’s Beirut-based Economic and Social Commission for We...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013 -
Saudi Economic Growth Set To Slow: IMF
...e 2011 pre-tax subsidies for petroleum products accounted for 7.46% of GDP, while that for electricity was 2.48% of GDP. Private sector growth is expected to be robust, while government spending growth may slow. With falling international food prices, inflation is expected to ease toward th...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013 -
China Crisis Would Threaten Saudi Economy
...uld such a shock to the Saudi economy already be in the works? Chinese economic growth dipped to 7.5% for the second quarter 2013, the lowest rate in more than a decade down from 9.3% as recently as 2011. An indication of how far consensus expectations of Chinese growth have dipped is provided by...
Volume: 56Issue: 29Published at Fri, 19 Jul 2013