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Iraqi Finance Minister Sacked, Deepening Political, Financial Crisis
...$26.5bn. Export revenues have plunged along with oil prices despite record breaking volumes. They are on track to fall to around $3.49bn this year, and potentially as low as $3.26bn, less than half that of 2014. Following Mr Zebari’s dismissal the IMF’s Iraq mission chief Christian Josz to...
Volume: 59Issue: 38Published at Fri, 23 Sep 2016 -
North Africa Security Special Report: Too Late To Roll Back Islamic State?
...ficials, it was the only country in the Middle East and North Africa region not to suffer from terrorism in 2014. The most recent major attack in the kingdom was in April 2011, when 17 people were killed and 25 injured in an explosion at a restaurant on Djema el-Fna, the main square in Morocco’s tourist hu...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Cairo Reshuffle Sees Oil Minister Appointed PM
...64% from E£1.1 ($0.15)/liter. Higher grade 90 Octane gasoline was raised by 41% (MEES, 11 July 2014). This has resulted in spending on oil product subsidies halving to $10.8bn or 9.5% of total spending for the 2014-15 financial year. For the current year it is budgeted to fall further to just 7% of...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Gulf Cash Boosts Balance Of Payments
...re $6.4bn in 2014-15, up from $4.1bn. But the current account deficit increased sharply to $12.2bn in 2014-15 from $2.7bn. A 14% rise in the trade deficit was driven by a 16% fall in exports, whilst imports rose by 1%. The value of oil exports in 2014-15 fell by 30% to $8.7bn, and that of oil im...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Iraq: A Failed State?
...dicate that part of the violence is also due to a power struggle between Prime Minister Nuri al-Maliki’s Da’wa Party, Sadrist militias and Ammar al-Hakim’s Islamic Supreme Council of Iraq, all pro-Iranian groups maneuvering for the 2014 parliamentary elections. The lack of security and the go...
Volume: 56Issue: 38Published at Fri, 20 Sep 2013 -
Syria: US-Russia Deal
...apons and filling munitions must also be destroyed by November. There is to be “complete elimination of all chemical weapons material and equipment in the first half of 2014,” the framework says. On the one side, some EU states have called for Mr Asad’s use of sarin gas in an attack on a Da...
Volume: 56Issue: 38Published at Fri, 20 Sep 2013