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Oman: Oil Prices Bolster Economy, For Now
...nual statbook does not provide unemployment figures, nor use the term ‘unemployment’ once. Sultan Qaboos managed to quell considerable upheaval in 2011-12 during the Arab Spring; conditions have since grown worse. And with oil prices a far cry from the $105/B days of 2011-2013, throwing money at th...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
IMF Loan To Egypt Will Need To Be Supplemented With Serious Reforms
...ciety.” After the 2011 revolution, the government bowed to popular pressure and hired some 900,000 people in civil servant jobs, which were not needed, raising the wage bill by an annual E£150bn ($16mn at current rates). There is therefore a need to reduce this “over employment” in the civil service to cu...
Volume: 59Issue: 33Published at Fri, 19 Aug 2016 -
Saudi Set For $28bn 2014 Surplus
...13 2012 2011 2010 2009 Actual* vs13% Bud. Actual Bu...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014 -
Jordan: $1bn Eurobond
...F-backed economic reforms which are aimed at reducing state subsidies. Until 2011 Jordan received cheap Egyptian gas; but Egypt no longer has enough gas for export. Meanwhile fighting between ISIS Jihadists (now IS) and Baghdad in Iraq’s Anbar province bordering Jordan put an end to the import of...
Volume: 57Issue: 33Published at Fri, 15 Aug 2014