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Economy

  • Sudan seeks to revive economy after US sanctions end

    SUDAN, 2017/11/29 Khartoum businessmen say they have begun closing deals with US companies next Washington lifted 20-year-old trade sanctions. Sudan's government and its businesses have begun introducing financial reforms and lobbying for new investment to revive the economy next Washington lifted 20-year-old trade sanctions before this month. Sudan has suffered both from the sanctions and from the secession of the south in 2011, at the same time as it lost three-quarters of its oil output, its major source of foreign currency.
  • Egypt economy likely to remain unshaken by Sinai attack

    EGYPT, 2017/11/29 The mosque attack in Egypt's Sinai may only strengthen the view that the country needs continued IMF support as agreed a year ago and the economy is likely to quickly shake off any negative repercussions, economists say. Gunmen carrying the flag of Islamic National killed additional than 300 worshippers in the attack on the mosque, the worst such attack by militants in Egypt's modern history.
  • Zimbabwe's economic situation "very difficult" - IMF

    ZIMBABWE, 2017/11/27 Zimbabwe’s economic increase is threatened by high government spending, an untenable foreign exchange regime and inadequate reforms, a senior International Monetary Fund (IMF) official said. Zimbabwe was once one of Africa’s most promising economies but suffered decades of decline as former President Robert Mugabe pursued policies that included the violent seizure of white-owned commercial farms and money-printing that led to hyperinflation. Mugabe, 93, resigned on Tuesday next nearly four decades in power following pressure from the military, the ruling ZANU-PF party and the general people.
  • Under the Radar: Why savvy investors should take a look at Côte d’Ivoire

    CôTE D'IVOIRE, 2017/11/27 Côte d’Ivoire is a frontier market often overlooked by multinationals as a viable investment opportunity. Here are some brief reasons why investors with a risk appetite should start paying attention. Growing political stability Côte d’Ivoire is no stranger to violence and political instability. On December 24, 1999, the country suffered its first ever coup d’état at the hands of a military junta led by General Robert Guéï. In October of the following year, Guéï attempted to legitimize his rule by holding an election.
  • The challenges to reform in post-coup Zimbabwe

    ZIMBABWE, 2017/11/27 Mugabe’s undoing came next he , Vice President Emmerson Mnangagwa, from the ruling Zimbabwe African National Union-Patriotic Front (ZANU-PF) Party. Mnangagwa had been locked in a succession struggle with Mugabe’s wife, Grace Mugabe, and the sacking triggered the military’s intervention. A volatile situation called for calmallegedly pacifying a degenerating economic, political and social situationBoth the Southern African Development Community (SADC) and the African Union (AU) saying they will not support any government that comes to power via a coup d’état. This likely underlies the military’s determination to avoid that term.
  • Saudi Arabia’s escalating foreign Policy: the Qatar crisis is just the beginning

    LEBANON, 2017/11/25 Saudi Arabia is losing the shadow war against Iran in the Middle East. Despite the centrality of foreign policy success to mitigate Saudi’s domestic problems, it is losing in Syria, Lebanon, and Yemen. The Qatar crisis was a reaction to these failures, but will likely drive Saudi to better extremes. Since the oil price fell in 2014, Saudi Arabia has been grappling with systematic political and economic problems whilst a competition with Iran for regional hegemony has escalated. Domestic problems and a coming succession to the kingdom’s throne put an added onus on foreign policy success, from presently on Saudi’s foreign policy is floundering. The Qatar diplomatic crisis is a bold move that indicates Saudi’s failures are driving a stronger, riskier foreign policy. The almost certain failure of the diplomatic blockade is likely to drive Saudi to better extremes, with a corresponding destabilising result in the Middle East.
  • Eyeing jet deal, Saab offers full tech transfer to India

    INDIA, 2017/11/22 Swedish defence giant Saab Group said today it would ensure "full" technology transfer of its Gripen-E fighter jet to India if the company gets the arrangement to supply a fleet of the single engine combat aircraft to Indian Air Force. The company as well said it will build the world's most modern aerospace facility in India, besides creating a local supplier base of ancillary systems, if it wins the arrangement for which US defence major Lockheed Martin has emerged as a major contender.
  • Whether new dawn or another false one, euro zone economy is full of surprises

    EUROPEAN UNION, 2017/11/22 The amaze economic star of 2017, at the same time as it wraps up next month, will have been the euro zone: increase looks set approaching in at 2.2 % compared with a estimate this time last year of just 1.4 %. Combine this with four years of falling unemployment and inflation well out of the deflation-worry zone, and policymakers and politicians have something to crow about. But is something substantial going on, or this an extra false dawn for an economy that has managed less than 1.6 % average annual increase in its 18-year history?
  • 三季度中东欧国家经济稳健增长

    欧洲, 2017/11/22 2017年三季度大多数中东欧国家(指欧盟成员国,下同)经济实现稳健增长。经季节性调整,罗马尼亚和拉托维亚GDP环比增速分别高达2.6%和1.5%,波兰、保加利亚、匈牙利和斯洛伐克GDP环比增速均高于0.8%。首要因由在于当地劳动力市场改良、薪资水准上升、欧盟基金项目实施、还有德国经济增长强盛。 WIIW解析认为,从近期看上述动能将继续存在,再加上意大利经济有望向好,估计第四季度中东欧国家将保持较高的经济增速。但鉴于欧元区经济回暖首要是受周期性因素推动、中东欧劳动力短缺的制约作用渐渐凸显、英国脱欧后欧盟预算资金规模行将缩减、“多速欧洲”对中东欧国家可能带来负面效应,从中长期看,中东欧国家经济增长前景不容乐观。
  • 本年度缅甸经济增长率预计超过6%

    缅甸, 2017/11/22 据缅甸计划与财政部副部长赛昂博士表示,本财年(2017-2018财年)缅甸关注发展经济和社会事业还有重视长期计划的实施,但上半财年(2017年4月1日至2017年9月底),缅甸的经济增长率没能实现原预期的7%,仅实现了6.3%。 此前,吴廷觉总统在国民计划委员会会议上曾表示,对于缅甸本财年的经济增长率,世界银行的评估为6.5%;亚洲发展银行的评估为6.4%;国际货币基金组织的评估为6.3%;东盟与日中韩宏观经济办公室(AMRO)的评估为6%。报道称,本财年上半年,共有24个国家和地区到缅投资,虽已批准了36.96亿美元的外资额,但实际到位仅有28亿美元,占75.4%。而本财年对外贸易的预期目标为290亿美元,已完成了157亿美元,占54.3%。