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Libya Expects Breakthrough Decision On Frozen Assets By End-2024
...hmoud Hassan expecting the sign-off by the end of 2024. The UNSC in October extended the mandate of the Panel of Experts – tasked with implementing Libya sanctions including the asset freeze since 2011 – until 15 February 2025, with the intent to provide the Council with a final report “no later th...
Volume: 67Issue: 32Published at Fri, 09 Aug 2024 -
Egypt’s Debts To IOCs Again On The Rise
...rther investment as it did in the years following the 2011 revolution. Egypt has turned again to the IMF for $8bn, bagging $2.8bn via a rapid financing instrument (RFI) and the initial $2bn of a hastily-arranged $5.2bn Stand-by Arrangement (MEES, 12 June). This saw the country’s foreign reserves ri...
Volume: 63Issue: 32Published at Fri, 07 Aug 2020 -
Tunisia Launches $500mn bond
...cured a favorably low yield of 1.416% per annum thanks to the US guarantee. This is the fifth time that Tunisia has tapped the international debt market since the ouster of former dictator Zine al-Abidine Ben Ali in January 2011. Tunisia, the first country to usher in the ‘Arab Spring’, is struggling to co...
Volume: 59Issue: 32Published at Fri, 12 Aug 2016 -
Libya Looks To Recover Overseas Cash
...rgesse with the aim of garnering support. Post-Qadhafi’s 2011 downfall this has left the LIA with a haphazard portfolio of investments across more than two dozen African countries, mainly in the telecoms, agriculture, mining and hotel sectors. The move against the four countries – Rwanda, Chad, Za...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Jordan Taps Bumper Aid; IMF Praises Energy Policy
...a downward path. He also said there is a need to implement structural reform geared to job creation, labor market reform and improvement in the business climate. Jordan was badly hurt when the flow of Egyptian gas, which fuelled electricity generation in the kingdom, was severely reduced after the 2011...
Volume: 58Issue: 32Published at Fri, 07 Aug 2015 -
Syria Bans Transactions In Foreign Currency
...ohibits the pricing of commodities or services in currencies other than the local currency, which has lost more than half its value on the official market since the beginning of the uprising in March 2011. Commenting on the decree, the Governor of the Central Bank of Syria (CBS) Adib Mayyala sa...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Gulf Aid Boosts Egypt’s Reserves To $19Bn
... EGYPT Gulf Aid Boosts Egypt’s Reserves To $19Bn Egypt’s foreign exchange reserves soared to $18.9bn at the end of July from $14.9bn at the end of June, the Central Bank of Egypt (CBE) announced on 5 August. The latest figure is the highest since November 2011, an...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Yemen’s 2012 GDP Rises But Challenges Remain, Says IMF
... YEMEN Yemen’s 2012 GDP Rises But Challenges Remain, Says IMF After contracting by more than 12% in 2011 due to the political upheaval in the country, Yemen’s real GDP growth is estimated to have risen by 2.4% in 2012, reflecting an easing of supply bottlenecks and ut...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Oman Budget Heading For Surplus Despite Temporary Deficit
...rm outlook remains positive with robust non-oil growth and moderate inflation, fiscal and external balances are projected to turn to deficit. It added that recent spending initiatives, including government job creation in 2011-13 have increased expenditure by 70% over the period 2010-12 and “reduced th...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013 -
Oman Reviews Fuel Subsidies
...12). Any savings from subsidy cuts will be used by the government for other purposes, including youth training or investment projects that could generate new employment, the minister said. The Omani government has already boosted spending on welfare and job creating initiatives in 2011 in an attempt to qu...
Volume: 56Issue: 32Published at Fri, 09 Aug 2013