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Egypt’s Stretched Finances Boosted By Record Suez Canal & LNG Revenues
...untries,” the CBE says. 1: EGYPT'S TRADE BALANCE: 2021-22 SAW A RECORD $43BN DEFICIT DESPITE THE FIRST OIL & GAS SURPLUS SINCE 2011 SOURCE: CBE. MEES. 2: EGYPT’S SERVICES BALANCE: RECORD SUEZ CANAL REVENUES & DOUBLING IN TOURISM RECEIPTS ENABLED EGYPT TO NOTCH UP A 3-YEAR HI...
Volume: 65Issue: 41Published at Fri, 14 Oct 2022 -
Gulf States Fund Allies
...Saudi Arabia, Kuwait and the UAE have pledged a $10bn financial aid package to support Bahrain’s fragile finances and finalized a $2.5bn financial assistance program to Jordan to shore up its ailing economy. Bahrain’s economy has struggled following protests in 2011 and the mid-2014 co...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
US Lifts Sudan Sanctions
...cession of South Sudan in July 2011. Oil production was about 130,000 b/d in 2016, according to the latest data from the Sudan government. This is up compared to the previous four years, when output fluctuated in the 100,000-120,000 b/d range. But it is less than a third of the 462,000 b/d produced by th...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
IMF: Reforms Key If Iran To Benefit From Nuclear Deal
...pital could result in upward pressure on the real exchange rate, Mr Cerisola says. Iranian crude oil production is holding at around 2.9mn b/d, down from around 3.6mn b/d in 2011, before US and EU sanctions on the sale of its oil were introduced. But, the IMF warns that “risks to the outlook are si...
Volume: 58Issue: 41Published at Fri, 09 Oct 2015 -
Egypt Bags More Aid Amid Gaping Budget Deficit
...tual vs ‘12-13 vs budget 11mths** (to May14) Budget 2012-13 2011-12 Revenue 54...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014 -
Algeria Stares Deficit In The Face
...ojected only a moderate worsening to $10.4bn this year; the actual numbers for January-August suggest $7bn will be closer to the mark. Algeria posted a $20bn surplus as recently as 2011 (see graph). Oil Prices Down The key change has been the sharp fall in crude prices since July. The average pr...
Volume: 57Issue: 41Published at Fri, 10 Oct 2014 -
Egypt Subsidies
...event the emergence of a black market or the smuggling of products (MEES, 31 May). Egypt’s Finance Ministry projects the 2013-14 (July ’13 to June ’14) cost of energy subsidies at E£100bn ($14.5bn). This compares with actual figures of E£120bn for 2012-13, E£95.5bn for 2011-12, E£67.7bn for 20...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Kuwait Finance Minister Calls For Leaner Public Sector And Reforms
...rpluses, recent domestic political developments have hit the Kuwaiti economy. The implementation of the 2011-14 development plan has lagged and generous increases in the public sector wages have undermined the government’s efforts to encourage Kuwaitis to join the private sector. The long-term objective sh...
Volume: 56Issue: 41Published at Fri, 11 Oct 2013 -
Donors Pledge Further $1.5Bn Aid To Yemen
...gion. Population % With Completed Secondary Education (2010) Source: UNDP Human Development Report 2011. Where Does It All Go? With the aid secured, humanitarian agencies have come out in force, calling for increased transparency in allocation, warning not en...
Volume: 55Issue: 41Published at Fri, 05 Oct 2012