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Jordan Looks To Slash Deficit In 2015 Budget
...rms. Jordan is currently hosting over 600,000 Syrian refugees, who fled their country after the 2011 uprising which has now morphed into a bloody war. This has severely burdened the kingdom’s economy, leading it to turn to the international community to cope with the extra cost. Traditionally Jo...
Volume: 57Issue: 45Published at Fri, 07 Nov 2014 -
Iran: Official Inflation 40%, Real Rate May Be Double
...re open about government finances, there could be more transparency with regard to the fund’s reserves. The NDF was established in 2011 to replace the Oil Stabilization Fund (OSF), a sovereign wealth fund which accumulated surplus oil and gas revenue....
Volume: 56Issue: 45Published at Fri, 08 Nov 2013 -
IMF: Hydrocarbon Dependence Leaves GCC Exposed
...OIL PRICES IMF: Hydrocarbon Dependence Leaves GCC Exposed Though overall real economic growth for the Gulf Cooperation Council (GCC) countries is projected to rise yet again this year relative to 2011, heavy dependence on their respective hydrocarbon se...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
Syria’s Budget Deficit Set To Double For 2013
...expenditure to S£1,383bn. The budget deficit will rise more than twofold to S£749bn from S£335bn in 2012. But this comparison in budget numbers does not take into account the depreciation in the value of the Syrian pound which has lost about half its value (from $1=S£47 in March 2011 to $1=S£69.6 cu...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
Algerian Export Revenue Up, But Hydrocarbon Dependence Increases
...peats the picture for 2011 when export revenue soared by 26% from $56bn to $72bn on the back of a $32/B rise in the price Algeria realized for its oil exports. This came despite a 4% fall in domestic hydrocarbon production and rapidly rising domestic consumption. But super-reliance on hy...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012 -
Moody’s Sees Negative Outlook For Lebanese Banking
...ar-end 2011. ...
Volume: 55Issue: 45Published at Fri, 02 Nov 2012