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Kais Saied’s Tunisia: Where Is It Headed?
...ndemic (MEES, 24 July 2020). Finances appear to be on the verge of collapse. Public debt has soared since the 2011 revolution (see chart 1), but Tunisia has little to show for it (MEES, 18 December 2020). Interest payments alone will eat up some 11% of projected government revenues this year, ac...
Volume: 64Issue: 43Published at Fri, 29 Oct 2021 -
Lebanon’s ‘Revolution’ Upends Status Quo
...rved as a strong impetus for the protests. Beyond the tax announcement and the fires, the Lebanese had a long list of outstanding grievances against the ruling oligarchy: the country’s economy has grown at a measly 1.3% per annum since 2011 (see chart); state power operator Electricité du Liban (Ed...
Volume: 62Issue: 43Published at Fri, 25 Oct 2019 -
Oil & Gas Subsidies Costing Saudi 11% Of GDP, Says IMF
...fined products consumption has grown at an average annual rate of 6.3% since 2011. Products exports could shrivel to zero by 2022, the IMF says. Though recent refinery expansions boosted Saudi Arabia’s refined products exports to a record 1.35mn b/d in August (see p11), if domestic demand continues to...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
Iran Unveils Stimulus Package To Boost Growth
...a decade, compared to a high of $119bn in 2011-12. But he is optimistic that Iran is getting ready for growth and an economic blossoming with the changing circumstances in the near future. IMF: REFORM A MUST The IMF says that for Iran to benefit from the landmark nuclear deal and the lifting of...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
Egypt: New Central Bank Chief Faces Foreign Currency Crisis
...change shortages (MEES, 16 October). Egypt is currently suffering from an acute shortage of foreign currency reserves, which have fallen to $16.3bn at the end of September, down from $36bn at the beginning of the Egyptian revolution in January 2011 (see graph). After managing to hold the official va...
Volume: 58Issue: 43Published at Fri, 23 Oct 2015 -
Egypt Announces Ambitious Macroeconomic Policy Targets
...om political turmoil following the overthrow of the Husni Mubarak regime in early 2011 and is only now beginning to show signs of recovery. There is however a growing recognition in the west of Egypt’s pivotal role in the Middle East as a relative island of stability in what is currently a sea of un...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014 -
Lebanese Economy Resilient Despite External Shocks
...LEBANON Lebanese Economy Resilient Despite External Shocks Despite domestic and external political shocks, and depressed economic conditions resulting from the ongoing civil war in neighboring Syria since 2011, Lebanon’s economy is proving resilient, ratings agency Standard and Po...
Volume: 57Issue: 43Published at Fri, 24 Oct 2014