- Sort by:
- Score
- Published ▼
-
Qatar: New 2.5GW Plant Powers Economic Growth
...w been overtaken by Australia (see p16). Qatar’s hosting of the 2012 Cop-18 climate talks was widely ridiculed given that the emirate has one of the highest per capita carbon footprints in the world (MEES, 5 December 2011). Hopes that Qatar’s hosting of the event would spur it on to making major im...
Volume: 61Issue: 50Published at Fri, 14 Dec 2018 -
Algeria Set For $5bn 2018 Trade Deficit: As Good As It Gets?
...l prices. At the start of the 2000s Algeria’s conservative budget assumptions meant the country racked up trade surpluses even when crude was $25-30/B (see chart 3). But the country posted a series of blowout budgets from 2011 as Algiers distributed largesse on the back of $100/B-plus crude in a bi...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Tunisia Struggles To Cash In On Democracy
...uted as the Arab Spring’s only success story, Tunisia has navigated a difficult path toward democracy since the overthrow of dictator Zine al-Abidine Ben Ali on 14 January 2011. But nine governments later, the country’s economic prospects look bleaker than before the Jasmine Revolution. One of the ma...
Volume: 61Issue: 46Published at Fri, 16 Nov 2018 -
Gulf States Fund Allies
...Saudi Arabia, Kuwait and the UAE have pledged a $10bn financial aid package to support Bahrain’s fragile finances and finalized a $2.5bn financial assistance program to Jordan to shore up its ailing economy. Bahrain’s economy has struggled following protests in 2011 and the mid-2014 co...
Volume: 61Issue: 41Published at Fri, 12 Oct 2018 -
Iran Offers Big Discounts To Retain Customers
...dn’t have to cut prices to such levels even during the previous tightening of sanctions from 2011-2016 (see chart 1). Iran’s five key Asian buyers took 1.66mn b/d for 2017, 68% of Iran’s 2.46mn b/d crude and condensate sales, highlighting their critical importance to the Iranian economy. In 2011, th...
Volume: 61Issue: 38Published at Fri, 21 Sep 2018 -
Japan Set To Follow South Korea and France In Halting Iran Oil Imports
...lumes from 2011 levels, with further cuts in 2014. But India and China, having made more modest cuts in 2012 and 2013, all-but reversed these in 2014 when it became clear that then US President Obama was keener to avoid conflict than enforce sanctions (see chart and MEES, 6 February 2015). This ti...
Volume: 61Issue: 36Published at Fri, 07 Sep 2018 -
Algeria Halves Trade Deficit, Thanks To Higher Oil Prices
...200,000t set in 2011 (2017, with 190,000t, was just shy of the record) Elsewhere in Asia, Korea has yet to fall for Algerian LNG with just two cargoes imported for 2017 and none so far in 2018. But the country’s import stats for the first seven months of 2018 showed that it took 40,600 b/d of Al...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Iran: Rohani Under Fire As Economic Pressure Mounts
...esidents are no stranger to second term woes and Mr Rohani will have to strive to eclipse the drama of his predecessor’s efforts. Mr Ahmadinejad’s relationship with Supreme Leader Khamenei collapsed in 2011 after the latter re-installed a sacked intelligence minister against his will, prompting the pr...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Record Products Sales And VAT Bolster Saudi Economy
...18. B =BUDGET (JADWA EST. FOR BUDGET OIL PRICE, OUTPUT). SOURCE: FINANCE MINISTRY, SAMA, JADWA, OPEC, IMF, MEES. SAUDI ARABIA JUNE 2018 OIL DATA (‘000 B/D): OIL STOCKS HIT LOWEST SINCE NOVEMBER 2011, JUNE SUPPLY TO MARKET HIGHEST SINCE DECEMBER 2016 CHANGES EXPRESSED IN PE...
Volume: 61Issue: 34Published at Fri, 24 Aug 2018 -
Oman: Oil Prices Bolster Economy, For Now
...nual statbook does not provide unemployment figures, nor use the term ‘unemployment’ once. Sultan Qaboos managed to quell considerable upheaval in 2011-12 during the Arab Spring; conditions have since grown worse. And with oil prices a far cry from the $105/B days of 2011-2013, throwing money at th...
Volume: 61Issue: 33Published at Fri, 17 Aug 2018 -
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 -
Qatar & Turkey: Brothers In Arms?
...up brought Abdel Fatah al-Sisi to power in Egypt relations with Qatar plunged to even worse depths than prior to Hosni Mubarak’s 2011 ousting. But even now the economic relationship between Qatar and Turkey is relatively menial, even in comparison to that between Ankara, UAE and Saudi Arabia – wi...
Volume: 61Issue: 26Published at Fri, 29 Jun 2018 -
Egypt: Economic Gains Threatened By Record Import Bill
...bounded from 2015-16 terrorist attacks, which came as numbers were already depressed by instability in the wake of the February 2011 ‘Revolution’. Revenues of $2.2bn for 1Q 2018 are up almost 70% year-on-year, though arrivals remain well down on the immediate pre-Revolution year of 2010, when the country ea...
Volume: 61Issue: 21Published at Fri, 25 May 2018 -
South Sudan Coffers Empty Amid Crippling Crude ‘Diversions’ To Khartoum
...ss of three-quarters of its oil export revenue in the wake of South Sudan’s July 2011 independence. Compensation was to be paid at a rate of $15/B, implying total monthly payments of $24.1/B until the ‘transitional’ payments were cleared. BEHIND FROM THE START South Sudan fell behind with pa...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Output Slump, Revenue Slump
...tput, some 350,000 b/d for 3Q 2011. But output rapidly slumped. Output was shut in for 15 months from early 2012 as the result of a standoff with Sudan over access to the newly-independent country’s sole export route via Port Sudan. In March 2013, the two countries signed a deal on transit fees an...
Volume: 61Issue: 19Published at Fri, 11 May 2018 -
Algeria Slashes Oil & Gas Investment
...e first one in six years that stands a hope of being hit (see charts). ALGERIA: KEY OIL AND GAS STATS 2011 2012 20...
Volume: 61Issue: 18Published at Fri, 04 May 2018 -
Lebanon: Can Donor Conference Success Right The Ship?
...esent problem since. Since 2011, the war in neighboring Syria has crippled economic growth (see chart), stunting the 9.2% average annual growth from 2007-2010 to a paltry 1.7% from 2011-2017 (see chart 2). With a bloated public sector, subsidized (yet inadequate) utilities and corruption a problem ev...
Volume: 61Issue: 15Published at Fri, 13 Apr 2018 -
Lebanon Looks To Put Fiscal House In Order
...With the world’s third highest debt-to-GDP ratio and annual growth averaging just 1.7% since 2011, the Lebanese economy needs crucial assistance. Saad Hariri’s government aims to cut this year’s deficit and upcoming donor conferences may help. But can efforts overcome the structural issues im...
Volume: 61Issue: 11Published at Fri, 16 Mar 2018 -
Algeria Notches Up $11bn 2017 Trade Deficit; Total Since 2015 Hits $45bn
...ve since become entrenched – the three deficits since have totaled $45.2bn. For 2017 MEES calculations indicate that it would have taken an oil price of $76/B to break even on trade. Spending on imports jumped in 2011 and rose strongly in each of the three subsequent years on the back of in...
Volume: 61Issue: 04Published at Fri, 26 Jan 2018 -
Has Egypt’s Economy Turned The Corner? Time Will Tell
...sition but with very few good news stories coming out of North Africa of late, the recent positivity is a welcome change for Cairo which has had to endure many difficulties since 2011’s Arab Spring. SUEZ CANAL 2017 TRAFFIC (MN TONS): CARGO INCREASES BUT REVENUE STILL BELOW 2014 LEVELS *EX...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018