The country’s deserts, beaches, mountains and distinct cultural heritage are naturally attractive to holidaymakers and adventurers, bringing in welcome revenue. But according to those in the industry, inflows should be carefully managed in order to guard against the negative effects of tourism, some of which have already impacted neighbourhoods around popular cities like Marrakech.
Results for Category: Economy
Egyptians living in poverty had risen to 30.2 per cent compared to 27.8 per cent in 2015. And the poverty line used in the report was set at 800 EGP per month, which is significantly lower than the World Bank’s 950 EGP per month. The poverty rate in 2015 had itself increased since 2011, when poverty stood at 25.2 per cent
In the run-up to the elections, the economy became the electorate’s most pressing issue. It speaks volumes that the economy beat out of the top spot the government’s woeful human rights record, Erdogan’s clam-tight grip on power, the country’s involvement in the war in Syria and Ankara’s struggling geopolitical stance.
Algeria currently produces 98 per cent of its electricity using natural gas. Experts affirm that the solar energy available in the Sahara will shape the future development of Algeria’s energy sector. The Algerian authorities are also moving toward supporting projects to produce different types of renewable energy. This is because such projects contribute to local electricity supply as well as to generating wealth and creating job opportunities.
30 per cent of the Lebanese population (1.5 million people) live on less than $4 per day, or $120 per month, and about 300,000 people live on less than $2.5 per day, which is insufficient to meet their basic food needs. Unemployment rates have remained steady, rising from 6.2 per cent in 2016 to 6.3 per cent in 2017, with an average of 7.56 per cent from 1991 until 2017. However, inflation stood at 3.17 per cent in January 2019, with the price of food and non-alcoholic drinks rising faster than other consumer goods.
Abandoned hospitals, empty schools, deserted government buildings: Tunisia’s cities seemed like ghost towns on 17 January 2019. A nationwide public sector strike organized by the powerful Tunisian General Labour Union (UGGT) received mass support and solidarity from both the public and private sector with, according to the union, participation by more than 90 per cent of the 677,000 civil servants and 350,000 of the employees in public sector enterprises, representing a quarter of the population.
In the next five years, Qatar aims to increase its LNG output from 77 million tonnes per year to 110 million. Write says Qatar believes that the demand for cleaner fuels like LNG may eventually surpass the demand for oil. Besides maintaining its leadership in LNG production, Qatar also hopes to build alliances with emerging competitors such as Russia, the United States and Australia.