Results for Tag: Economy

140 results found.
Social Unrest in Tunisia: When the Expected Becomes Unexpected

Historically, January has been the month of social unrest: from the infamous bread riots in January 1984, to the revolution in January 2011 and the protests over high unemployment in January 2016. Although all of them were violently suppressed, most resulted in major regime change, whether it be ousters, resignations, or in one case, exile. What it will be this time around only time will tell.

Egypt Paves the Way for Smooth Re-election of President al-Sisi

Since mid-November 2017, numerous banners have appeared in Cairo bearing a large portrait of al-Sisi and reading, ‘We all stand with you for the sake of Egypt’. Without being an official candidate, al-Sisi’s re-election campaign is already in full swing.

Saudi Arabia’s Mega City has Mega Problems

It is clear that MBS is relying partly on austerity to finance his mega project. This strategy, though modest, would have equipped the youth with skills for the future. But if unemployment increases, the next generation may end up resenting the extravagant crown prince.

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.

After IS: Will Mosul reconstruction be next arena of influence in Middle East?

The United Nations (UN) estimates that in the short term, rebuilding will cost at least $1 billion. Lisa Grande, the United Nations Development Programme’s resident representative in Iraq, said it will take about $470 million to restore basic infrastructure including the power, water and sewer systems and to rehabilitate hospitals, schools and houses in the neighbourhoods with the most severe damage in western Mosul. At least another $237 million is needed for the more lightly damaged districts in western Mosul and a further $370 for rebuilding in eastern Mosul.