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Egypt's budget sets ambitious revenue targets

Location:

EGYPT

The budget envisages an overall deficit of 7% of GDP, revised upwards from an earlier draft because of the effects of devaluation and higher interest rates on public debt…

Syria’s Assad will seize post-quake opportunities

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SYRIA

The disaster that has left over 40,000 people dead in south-eastern Turkey and north-western Syria has given Assad an opportunity to bolster his position through deeper political…

Syria’s mild economic recovery faces major constraints

Location:

SYRIA

The economy is not showing serious ill effects from the overspill of the conflict in Gaza or recent aid cuts. The government may even have derived some additional financial…

Lebanon’s currency woes will continue

Location:

LEBANON

LEBANON: Currency woes will continue

Jordan’s debt levels are sustainable for the present

Location:

JORDAN

Despite a series of IMF programmes since 1989, public sector debt levels have climbed to worrying heights, driven by deficits on both fiscal and current account accounts. Jordan’s…

Iran’s state can manage intensified new-model protests

Location:

IRAN

In November, farmers gathered in Isfahan to complain about water scarcity. Teachers, miners, pensioners and municipal workers have also protested in recent months against a…

Lebanese protest leaders will struggle for control

Location:

LEBANON

On the previous day, an all-party meeting called to manage the fallout from earlier protests in mid-June that turned into sectarian clashes failed because it was boycotted by key…

Nigeria’s foreign currency supply will grow slowly

Location:

NIGERIA

The move has resulted in official rates depreciating sharply and converging with the parallel market rate; the spread has narrowed to just 16%. The change in policy means that the…

Algeria's central bank will press ahead with reforms

Location:

ALGERIA

The initiative follows the passage of a new monetary and banking law in June that enhanced the central bank’s independence, which included authorisation for it to introduce…

Turkey’s currency is likely to depreciate in 2023

Location:

TURKEY

The stability of the lira since June 2022 is primarily a result of President Recep Tayyip Erdogan’s government shoring up the currency despite cutting interest rates. The…