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Macro View

Africa to outperform world average growth

While the World Bank is confident about the region’s fiscal health, it warns about the need to implement social reforms.

Georgia's richest man at helm of fiscal reform

Billionaire Bidzina Ivanishvili aims to breathe fire into the country’s ho-hum economy despite political challenges.

New oil finds to prop up Mauritanian economy

Analysts estimate significant petroleum discoveries in 2013, which could serve as the nation’s much-needed economic lifeline.

Armenia's president backs fiscal resuscitation

The government is putting a spotlight on economic recovery efforts despite public uproar over the recent EU-backed election.

Mozambique politics leave investors nervous

Two decades of steady growth has been put at risk by a brewing civil war that analysts say could keep financiers at bay.

Nabucco, TAP battle it out for Azeri gas deal

Two major pipeline consortiums competing to export Azerbaijan gas to insatiable European markets will find out their fate by June 30.

China dilutes greenback's power in Africa

The USD is gradually losing its magic as countries across the continent turn to the Chinese currency to beef up their forex reserves.

MENA racks up USD237bn energy subsidy tab

Financial aids to domestic energy consumption are doing more harm than good to the region, according to a recent global report.

IMF loan may be sole lifeline for Egypt

Mohammad Morsi’s government is running low on options as the country continues to succumb to a worsening economic climate.

When Baghdad, Erbil fail to see eye to eye

The oil-rich country remains buoyant, but analysts express concern that unresolved partisan strife could dampen fiscal growth.

 
 
 
 
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