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Algeria Halves Trade Deficit, Thanks To Higher Oil Prices
...200,000t set in 2011 (2017, with 190,000t, was just shy of the record) Elsewhere in Asia, Korea has yet to fall for Algerian LNG with just two cargoes imported for 2017 and none so far in 2018. But the country’s import stats for the first seven months of 2018 showed that it took 40,600 b/d of Al...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Iran: Rohani Under Fire As Economic Pressure Mounts
...esidents are no stranger to second term woes and Mr Rohani will have to strive to eclipse the drama of his predecessor’s efforts. Mr Ahmadinejad’s relationship with Supreme Leader Khamenei collapsed in 2011 after the latter re-installed a sacked intelligence minister against his will, prompting the pr...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Egypt Plans VAT At 13% From 1 October
...nishment through higher fines and prison sentences. Egypt’s economy has been struggling since the 2011 revolution which brought with it political instability, driving away tourists and foreign investors, who provide a major source for foreign exchange. Egypt’s foreign currency reserves are down by more th...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
The Only Way Is Down For Algeria’s Trade Balance
...cord surpluses of over $20bn for 2011 and 2012 (see table). And MEES analysis suggests that the situation is going to get worse with the country on course to rack up a $20bn deficit for the year as a whole. The collapse of Algeria’s trade balance is inevitable given the slump in global oil pr...
Volume: 58Issue: 35Published at Fri, 28 Aug 2015 -
Iran’s New CBI Governor Starts With Tackling Inflation
...th the Mehr Housing Project, started by former president Ahmadinejad. According to Economic Trends of the CBI, liquidity in the Iranian year 1390 (March 2011-March 2012) grew by 19.4% and in the first quarter of 1391 (March-June 2012) by 5.5%. Mr Tayyib Nia also noted that bu...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013 -
Jordan: 1H13 Deficit Down
...17.32bn ($24.42bn) by the end of June 2013, 4.2% up on the end of 2012. This total public debt represents 72.2% of estimated GDP in 2013. Gas Crisis Jordan’s budget deficit has widened in the aftermath of the 2011 Egyptian revolution which saw regular disruptions of the flow of cheap gas im...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013