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Economic Reform In The GCC: Is Privatization A Panacea?
...By - Paul Stevens* The collapse in oil prices since 2014 has presented serious economic challenges for the countries of the Gulf Cooperation Council (GCC), underscoring the need to diversify their economies away from oil and, above all, develop their private sectors. Brent fell from $11...
Volume: 59Issue: 50Published at Fri, 16 Dec 2016 -
Iran: Planning A New Mirage
...IRAN Iran: Planning A New Mirage By-Jahangir Amuzegar* In early December 2014, the Rohani government announced the decision to reinstate the Management and Planning Organization – the agency in charge of economic development planning since 1948 – which President Ahmadinejad had ab...
Volume: 57Issue: 50Published at Fri, 12 Dec 2014 -
Iran: The Subsidy Dilemma
...rmits a 38% rise in order to deal with the deficits. Leaning towards the second choice, the Majlis on 23 October voted in principle to eliminate the top 30% of subsidy recipients at the start of the 2014-15 Persian year (in March 2014). The law gives the government three months to identify 23mn well-to...
Volume: 56Issue: 51/52Published at Fri, 20 Dec 2013 -
The MENA Power Sector: Prospects And Challenges
...ticle concentrates on these challenges. Challenge #1: Electricity Demand Growth MENA power demand is growing at 6-8 % annually. Growth has been at such rates for decades and this is likely to continue. Regional development bank APICORP expects capacity to increase at 8.4% annually over 2014-18 (ME...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Condensate’s Growing Impact On Petrochemical And Transport Fuel Markets
...oduction will remain range-bound at 105,000-115,000 b/d, until 2014-16. It is unclear whether Malaysia’s policy of limiting exports will remain unchanged when faced with another surge in new condensate output likely post-2016. Singapore’s use of condensate has steadily risen since the mid-1990s, on in...
Volume: 51Issue: 48Published at Mon, 01 Dec 2008