Huge security and government wage bills have put enormous strain on Iraq’s state budget, a spokesman for the Ministry of Planning told Zawya.
After a period of intense political disturbances, green shoots of recovery are visible in North Africa.
As Middle East economies grow, sovereign wealth funds are rethinking their once overseas-focused strategy.
The country’s reputation is on the line after the central bank chief revealed the misappropriation of oil funds.
Economist Intelligence Unit’s latest survey cites regional urban hubs that offer exceptional quality of life.
The number of individuals with bulging wallets is predicted to grow as the economy expands, a survey finds.
A global survey highlights the deep-seated problem that threatens the continent’s business environment.
The currency pair will face some tests as new figures are expected to come out of the UK this week, says Forex.com’s Fawad Razaqzada.
Kuwait has warned that its lavish welfare system is unsustainable, but analysts say the government will face an uphill battle if it tries to implement unpopular subsidy cuts or impose taxes in the future.
Mexico, Indonesia, Nigeria and Turkey have appeared on Goldman Sachs’ radar due to their favorable prospects.