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Iran’s pension system courts catastrophe

Location:

IRAN

Iran’s pension funds.

Strikes will increase political pressure on Rabat

Location:

MOROCCO

There have been protracted negotiations following strikes by teachers last year. Concerns over continued disruption to education and possible contagion to other sectors are…

Iraqi Kurdish economic crisis set to deepen

Location:

IRAQ

The KRG has had difficulty making payments to IOCs owing to a serious shortfall in fiscal revenue in 2014-15, the result of disputes with Baghdad and falling oil prices. Salaries…

Turkey's return to economic orthodoxy may waver

Location:

TURKEY

The statement implies that a return to economic orthodoxy is likely, following two years of unorthodox policies built around Erdogan’s preference for low interest rates. The…

Egypt's external debt looms large

Location:

EGYPT

Meanwhile, the government is struggling with significant accumulated debt, including USD11.8bn that is scheduled to be repaid to the IMF over the next two years alone. The IMF…

Egypt faces deeper cuts amid stubborn fiscal deficit

Location:

EGYPT

Egypt's fiscal outlook.

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…

Tourism makes small steps towards recovery in Egypt

Location:

EGYPT

Tourist arrivals to Egypt are creeping up towards about half of the pre-pandemic level. They have recently been boosted by the resumption of charter flights from Russia to Red Sea…

Saudi Arabia will manage construction capacity

Location:

SAUDI ARABIA

The move aims to strengthen the construction sector’s capacity to deliver building and infrastructure projects under the country’s economic modernisation plan, Vision 2030. This…

Egypt will be prepared for stronger currency effects

Location:

EGYPT

Economy update.