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Lebanon Declares ‘State Of Economic Emergency’
...the honor of the third highest debt-to-GDP ratio in the world (around 150%; behind only Greece and Japan). Low growth since 2011 – about 1.4% annually, due in large part to the outbreak of war in neighboring Syria – has merely exacerbated the problem. Through remittances, foreign direct in...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Cyprus Gas Compromise?
...diterranean to Greece. Turkey objects to what it labels unilateral Greek Cypriot gas exploration efforts and has vowed to protect the interests of the Turkish Cypriots in the northern third of the island. So far three discoveries have been made off the south of the island but only US firm Noble Energy’s 2011...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019 -
Egypt’s Red Sea Seismic Reimaging
...uld appear to suggest a further delay to the bid round, which has already been pushed back from its initial 1 August closing (MEES, 5 July). Block 2 is considered the most prospective of the acreage on offer. US firm Hess drilled a dry well here in 2011. It is also relatively near to where Saudi Ar...
Volume: 62Issue: 36Published at Fri, 06 Sep 2019