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  1. Saudi Arabia Budgets For $21bn Deficit In 2024

    ...sults, which show a 41.5% year-on-year increase to $54.1bn in capital expenditure. This is the highest figure since 2017, and with much of the investment responsibilities having been moved off-budget to state entities such as PIF, this indicates significantly higher investments than six years ago. De...

    Volume: 66
    Issue: 49
    Published at Fri, 08 Dec 2023

  2. Egypt: Current Account Deficit Widens Despite Strengthening Growth

    ...a surplus of $13.7bn the following year and $12.8bn for 2017-18 before slipping to slight deficit for 2018-19 (see chart 2). 1. EGYPT'S CURRENT ACCOUNT DEFICIT ROSE TO $8.2BN FOR 2018-19 AMID LOWER REMITTANCES AND RECORD INVESTMENT OUTFLOWS ($BN) EGYPTIAN FINANCIAL YEARS RUN FROM JULY-JU...

    Volume: 62
    Issue: 49
    Published at Fri, 06 Dec 2019

  3. Algeria Set For $5bn 2018 Trade Deficit: As Good As It Gets?

    ...1.03mn b/d for the first nine months of 2018, output of condensate and field NGLs was down 5.6% at 472,000 b/d, whilst gas output fell 1.1% to 67.5bcm. The dip in gas production came despite key project start-ups at Reggane (MEES, 22 December 2017) and Timimoun (MEES, 2 March 2018). Whilst un...

    Volume: 61
    Issue: 49
    Published at Fri, 07 Dec 2018

  4. Tunisia Oil Output Rebound From Protests, Fundamental Problems Remain

    ...nisia, for whom their operations in the country were a key or the only asset, have either quit the country or gone bankrupt. The number of active permits fell to 31 at end-2015 and a mere 21 as of end-October. Ireland’s Circle went bust at the start of 2017 (whilst Canada-listed SDX bought Circle’s Egypt an...

    Volume: 60
    Issue: 49
    Published at Fri, 08 Dec 2017

  5. Iran’s 2017-18 Budget Projects Higher Oil Revenue But Taxing Times Ahead

    ...Iran’s oil and gas revenue is projected to rise in real terms by 37% to $33bn in the 2017-18 draft budget from $25bn in the current year, President Hassan Rohani announced this week in his budget statement to parliament. The surge in revenue is due to a combination of rising oil exports fo...

    Volume: 59
    Issue: 49
    Published at Fri, 09 Dec 2016