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Saudi Arabia Posts Strong Q2 Growth
...Saudi Arabia’s economy is booming, with GDP growing at its fastest pace since 2011. Inflation remains under control and foreign reserves are being rebuilt. Saudi Arabia’s economic rebound continues apace, with growth accelerating to 11.8% last quarter. Preliminary government figures for Q2...
Volume: 65Issue: 31Published at Fri, 05 Aug 2022 -
CBI Opens Forex Free Market To Commercial Banks
...stem after the nuclear related sanctions unleashed turmoil in the forex market in 2011-12, when the local currency lost more than 60% of its value and controls on access of foreign currency were imposed (MEES, 20 June 2011). According to the head of the Export Guarantee Fund of Iran, Kamal Seyyed Al...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
Algeria Ducks Decisive Action With Supplementary 2015 Budget
...14 trade surplus of $4.3bn was already the lowest since 1998 and compares to a surplus of over $20bn for 2011 and 2012 (see graph). Forex reserves fell to $159.9bn at end-March 2015, down from $178.9bn at end-December 2014, according to Algerian Customs. In the revised budget, Algeria has lo...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Morocco Bags IMF, EU, Qatari Cash
...s *INDIRECTLY, THROUGH PUBLIC TRANSPORTATION. **REDUCED IN THE CASE OF DIESEL. SOURCE: IMF. €890MN EU Grant The EU will grant Morocco €890mn over 2014-17 “to advance growth in the Moroccan economy” as part of its European Neighborhood and Partnership Instrument. For the previous period of 2011...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Egypt To Extend Gas Grid With World Bank Help
...in 2011, Tunisia appears to be moving towards more liberal forms of governance and more citizen participation. “Tunisia has embarked on the historic task of reorganizing the way decision making in response to citizen needs and priorities is distributed, putting decentralization at the heart of its ne...
Volume: 57Issue: 31Published at Fri, 01 Aug 2014 -
Iran To Syria’s Financial Rescue, Again
...en secretive about his country’s finances since the beginning of the uprising in March 2011, announced an Iranian concessionary aid package of around $7bn, consisting of a $3bn credit line to import crude oil and petroleum products, a $3bn concessionary loan and a further $1bn credit line (MEES, 31 Ma...
Volume: 56Issue: 31Published at Fri, 02 Aug 2013