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Wanted: A Stable Tunisian Government
...rked the end of Tunisia’s 11th government since the 2011 revolution. And there is little hope the next one will prove more durable, never mind effective. October parliamentary elections produced a deeply fractured 217-member assembly that took almost five months to agree on a government (MEES, 21 Fe...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Egypt Seeks IMF Rescue Package As Pound Collapses
...turn to economic stability and to support strong, sustainable and job-rich growth,” he added. THE IMF: A LAST RESORT? The government has finally decided to knock at the IMF’s door seeking financial support after repeatedly failing to reach an agreement on a suitable package since the January 2011...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Iranian Oil Export Revenues Slump 39% In 2013
...IRAN The value of Iran’s petroleum exports fell to $61.9bn in 2013, down a whopping 39% on $101.5bn for 2012. This was already well down on $114.8bn for 2011. Latest data released by OPEC shows, as export volumes slumped in the fact of tightening Western sanctions. Iranian crude oil ex...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Sudan Economy Continues To Reel From Southern Amputation
...layed by around 16 months, resulting in a further hit to the Sudanese economy. “What we saw was a significant increase in the budget deficit [in this period],” Mr Erasmus says. “The budget balance deteriorated from a surplus of around 0.2% in 2011, to a deficit of 4.5% in 2012. This was financed al...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
IMF Lauds Saudi Economic Performance, But Warns Spending Is Too High
...cade, the government has finally decided to press ahead with the measure as part of a series of gradual liberal reforms.” Saudi Arabia: The IMF’s Latest Economic Numbers (2010–14) 2010 2011 2012 20...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Syria: $12Bn Oil Losses
...ditionally lost S£86.6bn ($878mn) from the damage of infrastructure and equipment, raising total direct losses to S£156bn ($1.58bn). According to the ministry, indirect losses between the March 2011 start of the uprising and end-June 2013 were around S£1,000bn ($10.1bn). This is based on lost re...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013 -
Kuwait’s 2013-14 Budget Eyes Surplus
...dget Based On $70/B Oil Price The Kuwait budget is based on a conservative oil price of $70/B, Khalifa Hamad, Ministry of Finance Undersecretary, said on 17 July, when he unveiled the budget details. The new oil price is higher than the $65/B in 2012-13 and $60/B in 2011-12, although even th...
Volume: 56Issue: 30Published at Fri, 26 Jul 2013