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IMF Praises Iran’s Planned Reforms, But Implementation Is Questionable
...ble). The NDFI, which was established in 2011 to replace an earlier sovereign wealth fund, the Oil Stabilization Fund, is allocated by law a minimum 20% share of annual hydrocarbons revenue, with plans to increase this share gradually each year to a maximum of 30%. However, financial mismanagement and th...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Egypt Reserves Rebound, Currency Takes Further Pounding
...Egypt’s foreign reserves jumped by $3bn to $19.59bn at the end of September – the highest since June 2015 – according to latest figures from the Central Bank of Egypt (CBE). Egypt’s foreign reserves stood at $36bn before the January 2011 revolution, but the political unrest which followed has gr...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Kuwait Boosts Surplus Despite Falling Revenue
...% 2011-12 REVENUE 31.81 32.00 -0.19 -0.6 18.10 +13.71 +75.8 30...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Is Iran’s Economy Turning The Corner?
...Raghfar added that the key drivers to generate real growth are increased output, improved productivity and higher efficiency in the economy. This growth should also be able to create new employment opportunities. Inflation Falls To 21%, Lowest Since 2011 On the inflation front the news is al...
Volume: 57Issue: 40Published at Fri, 03 Oct 2014 -
Iranian Economy Shrinks By 5.4%
...around $70bn in 2012 from at $95bn in 2011 due to the effect of sanctions. Major economic reforms are needed in four sectors of the economy according to Mr Rohani’s economic advisor Masoud Nili. These are the foreign currency market, cash subsidy payments (to offset price increases), the pr...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Tunisia: Slow Growth
...ocks following the 2011 revolution. According to the IMF, real GDP fell by 2% in 2011, foreign direct investment declined by more than 30% year-on-year, and unemployment rose to a record 19%. Tunisia, the country which pioneered the ‘Arab Spring’, is today witnessing the problems associated with po...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Damage To Syrian Economy Tops $20Bn – Officials
...March 2011 to around $4-5bn at present. A report on the CBS website this week showed that forex reserves fell by just over a third at the end of 2011. The Syrian economy is only being kept (just about) afloat by the inflow of around $9bn in annual aid from Iran including regular fuel sh...
Volume: 56Issue: 40Published at Fri, 04 Oct 2013 -
Jordan Mandates Three Banks For Its $1Bn Eurobond
...sbursed by the Kuwait Fund for Arab Economic Development (KFAED). Last week Qatar also signed a memorandum of understanding with Jordan to regulate the disbursement of the Qatari grant of $1.25bn under the GCC pledge. He revealed that in 2011 Jordan had received $1.4bn in aid from the Gulf countries, ma...
Volume: 55Issue: 40Published at Fri, 28 Sep 2012