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Tunisia will likely adopt a conservative fiscal policy

Location:

TUNISIA

TUNISIA: Tunis will adopt a conservative fiscal policy

Beirut may miss out on brighter growth prospects

Location:

LEBANON

The wage scale law was cast into question when a contentious tax hike law intended to fund it was annulled by the Constitutional Council on September 22, partly on the grounds…

Egypt's economy will stand on firmer ground

Location:

EGYPT

Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…

Beirut faces a massive challenge on aid and reform

Location:

LEBANON

The government has drawn up a detailed document setting out the gravity of the country’s economic plight and requesting over 10 billion dollars of additional aid from the IMF and…

IMF loan will help address Tunisia's crisis

Location:

TUNISIA

The loan is especially critical because Tunisia is struggling with a rising debt burden and a shortage of foreign currency, while inflation is rising and foreign investors, plus…

Oman and Bahrain are the most vulnerable Gulf states

Location:

BAHRAIN/OMAN

Oman and Bahrain, already struggling with rising public debt levels and high fiscal deficits, are in the most exposed medium-term position.

Lebanese economy on course for muted recovery in 2015

Location:

LEBANON

According to its Global Economic Prospects report, the bank forecast a modest increase in GDP growth in 2015 to 2.0%, up from an estimated 1.5% in 2014. Since 2011, the economy…

Gaza war will slow Mideast and North Africa growth

Location:

MIDDLE EAST AND NORTH AFRICA

MIDDLE EAST AND NORTH AFRICA: Gaza will slow growth

Vested interests may block urgent tax reform in Jordan

Location:

JORDAN

It also looked at government-proposed amendments to another law aiming to reduce the scope for tax evasion in the Aqaba Special Economic Zone. Recent developments including the…

Egypt import controls will not prevent devaluation

Location:

EGYPT

British Airways stopped selling tickets in Egyptian pounds because it could not convert earnings into dollars. At end of February, Egypt's foreign reserves stood 16.53 billion…