Results for Category: Economy

60 results found.
Foreign Investment in Saudi Arabia Falters Amid Ongoing Political Turmoil

Foreign investment was trending up again in the second quarter of 2017, but it remains to be seen how investors will react to political developments. The political turmoil, which has seen the arrests of dozens of princes, ministers and businessmen in what has been presented as an anti-corruption sweep led by the crown prince, prompted an increase in oil prices but also may have unsettled potential investors

In Egypt, Major Gas Discoveries a Welcome Boost for Ailing Economy

The gas discoveries, notably Zohr, are changing the country’s economic prospects. Egypt started to limit its orders for LNG shipments in 2017 and those planned for 2018. By early 2019, it hopes to break even, and in the years after it plans to become a net gas exporter again. However, The gas discoveries may solve Egypt’s immediate cash crisis, but it will take more to build a resilient economy.

Could Solar Power Solve Lebanon’s Electricity Crisis?

According to the UNDP’s 2016 Solar PV Status Report for Lebanon, ‘solar PV electricity capacity in 2015 was 0.47 per cent of EDL’s [Electricité du Liban, state-owned company in charge of national electricity distribution] total electricity capacity and 0.11 per cent of EDL’s total annual electricity generation’. The report also stated that ‘from 2010 until the end of 2015, cumulative installed solar PV electricity capacity has grown by an average rate of 101 per cent per year’, and that ‘the number of new solar PV projects increased from 18 in 2011 to 94 in 2013 and to 259 in 2015’.