- Sort by:
- Score
- Published ▼
-
Tunisia Set To Return To The Past With New Constitution
...Tunisian President Kais Saied is pushing ahead with a new constitution which is set to reverse almost all the democratic gains of the 2011 revolution. Meanwhile, the economy is crashing. Tunisia is set to cap a decade-long experience with democracy on 25 July. President Kais Saied’s new ‘on...
Volume: 65Issue: 29Published at Fri, 22 Jul 2022 -
Opec Revenues Set For 2022 Windfall After 2021 Turnaround
...ectrum lie the many Opec members which are struggling to keep up. One example is Algeria, where state oil firm Sonatrach says it is expecting around $50bn in hydrocarbon revenues for 2022. MEES estimates Algeria will earn around $38bn from oil exports alone, up 65% on last year. In 2011, Al...
Volume: 65Issue: 26Published at Fri, 01 Jul 2022 -
Egypt Raises Power Prices, Waiting on Fuel Prices
...vels (see chart 1). For March, household electricity use was 4.62TWh, the lowest March use since 2013 while the previous month’s 4.33TWh was the lowest February figure since 2011. Egypt power demand typically peaks in the sweltering summer months. 1: EGYPT HOUSEHOLD POWER USE FELL TO A MULTI-YEAR LO...
Volume: 64Issue: 27Published at Fri, 09 Jul 2021 -
Wanted: A Stable Tunisian Government
...rked the end of Tunisia’s 11th government since the 2011 revolution. And there is little hope the next one will prove more durable, never mind effective. October parliamentary elections produced a deeply fractured 217-member assembly that took almost five months to agree on a government (MEES, 21 Fe...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Algerian Gas To Italy & Spain Sees First Half Crash
...rst half, the lowest figure since Medgaz’ 2011 start up. Algeria is uneasy with the fact that the Moroccan section of the GME reverts to Rabat’s control next year. In anticipation of this, state-oil giant Sonatrach purchased a controlling stake in the Medgaz pipeline earlier this year and is wo...
Volume: 63Issue: 29Published at Fri, 17 Jul 2020 -
Algeria: Reserves Slump To 12-Year Low, But Country Has Bigger Problems
...Algeria’s foreign reserves stood at just $90bn as of end-May, well under half levels during the 2011-14 years of $100/B-plus crude. The IMF says it expects reserves to fall further to $83bn by end-2018 and below $50bn by end-2020 (see chart). But as the Washington-based institution makes cl...
Volume: 61Issue: 28Published at Fri, 13 Jul 2018 -
Syria’s Ongoing Conflict Inflicts Huge Loss Of $226bn To GDP
...The conflict which has ravaged Syria since 2011 has taken an extraordinary human toll, with more than 400,000 killed and millions displaced. The destruction has also leveled much of the country’s infrastructure, inflicting cumulative GDP losses estimated at $226bn (in 2010 prices) by the end of...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Morocco Faces Socioeconomic Headwinds As Deficit Overshoots, Growth Slows
...-Hoceima and Imzouren. Over 100 were arrested. Such instability brings into question Moroccan King Mohammed VI’s response to the Arab Spring protests which shook the region in 2011. A constitutional referendum later that year increased the powers of the elected parliament, though the country re...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Egypt Seeks IMF Rescue Package As Pound Collapses
...turn to economic stability and to support strong, sustainable and job-rich growth,” he added. THE IMF: A LAST RESORT? The government has finally decided to knock at the IMF’s door seeking financial support after repeatedly failing to reach an agreement on a suitable package since the January 2011...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Iran: Payments Start Flowing But Fear Factor Remains
...ese were tightened further in 2011 which led its roughly $420bn economy to shrink by about 9% in the two-year period that ended in March 2014, according to the IMF. From then until January 2016, when sanctions were broadly lifted in return for nuclear curbs, Iran’s ability to continue trading oil pr...
Volume: 59Issue: 27Published at Fri, 08 Jul 2016 -
Algeria Ducks Decisive Action With Supplementary 2015 Budget
...14 trade surplus of $4.3bn was already the lowest since 1998 and compares to a surplus of over $20bn for 2011 and 2012 (see graph). Forex reserves fell to $159.9bn at end-March 2015, down from $178.9bn at end-December 2014, according to Algerian Customs. In the revised budget, Algeria has lo...
Volume: 58Issue: 31Published at Fri, 31 Jul 2015 -
Saudi Taps Domestic Market For $4bn Amid Soaring Deficit
...12 2011 Revenue 747 715 1046 -331 -30.4 1131 1239 1110 o/w Oi...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Iran Fronts Syria $1Bn
...pport to Syria has been essential since the beginning of the Syrian uprising, which began in early 2011. It continues to offer a lifeline of economic support in the form of oil supplies and credit. In 2014 Iran’s oil deliveries to Syria ranged between 50,000 b/d and 70,000 b/d, probably free of charge (ME...
Volume: 58Issue: 29Published at Fri, 17 Jul 2015 -
Kuwait Posts First Deficit In 15 Years
...ending in the new budget is slashed to KD19.2bn, down 9% in nominal terms and 12% in real terms on 2014-15. Meanwhile the country’s crude oil output fell to 2.74mn b/d in June, the lowest since last 2011 (see p8), as a dispute with Saudi Arabia that has shut in fields at the two countries’ shared Ne...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015 -
Egypt Squeezes Spending In Bid To Tame Deficit
...) % change vs % chg, real terms vs 2011-12 2012-13 2013-14 2014-15 Budget 2014-15 Projection 14-15 Bu...
Volume: 58Issue: 28Published at Fri, 10 Jul 2015 -
Iranian Oil Export Revenues Slump 39% In 2013
...IRAN The value of Iran’s petroleum exports fell to $61.9bn in 2013, down a whopping 39% on $101.5bn for 2012. This was already well down on $114.8bn for 2011. Latest data released by OPEC shows, as export volumes slumped in the fact of tightening Western sanctions. Iranian crude oil ex...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
Sudan Economy Continues To Reel From Southern Amputation
...layed by around 16 months, resulting in a further hit to the Sudanese economy. “What we saw was a significant increase in the budget deficit [in this period],” Mr Erasmus says. “The budget balance deteriorated from a surplus of around 0.2% in 2011, to a deficit of 4.5% in 2012. This was financed al...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
IMF Lauds Saudi Economic Performance, But Warns Spending Is Too High
...cade, the government has finally decided to press ahead with the measure as part of a series of gradual liberal reforms.” Saudi Arabia: The IMF’s Latest Economic Numbers (2010–14) 2010 2011 2012 20...
Volume: 57Issue: 30Published at Fri, 25 Jul 2014 -
MENA Energy Subsidies: Some Progress But Much More To Do-IMF
...port, ‘Subsidy Reform in the Middle East and North Africa: Recent Progress and Challenges Ahead,’ questions whether Egypt has properly laid the ground for such reform. MENA: 48% Of Global Total MENA countries spend much more on subsidies than other regions: for 2011 the cost was $237bn, 48% of th...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014 -
Egypt Looks to Reform To Attract Investment, Boost Growth
...2% for the current 2014-15 fiscal year, which began on 1 July. Egypt’s growth rate has been stuck at around 2% for the past three years (see graph, MEES 4 July) – that is to say since the Arab Spring ‘Revolution’ of early 2011. Without the two economic stimulus packages of $4.3bn and $4.9bn in...
Volume: 57Issue: 29Published at Fri, 18 Jul 2014