In early February, a senior official of Egypt’s Muslim Brotherhood warned that without a global effort to save Egypt’s troubled economy, the largely peaceful revolution that toppled dictator Hosni Mubarak could return, specter-like, as a calamitous “hunger revolution.”
“The democratic transition in Egypt is hanging in the balance,” Khairat El-Shater—who is touted in the Egyptian press as the next Prime Minister—told The Washington Post. “We strongly advise the Americans ...
The last year has been difficult for Gulf stock markets. The pressure of uprisings in the Middle East as well as Europe’s worsening debt crisis have taken a heavy toll. Dubai, in particular, has demonstrated the weakened state of stock markets in the region; its benchmark index plummeted to a six year low in 2011.
Yet despite these pressures and forecasts that in 2012 Arab stock markets (bar Saudi Arabia) will continue their downward trend, Saudi Arabia’s market, the Tadawal, gained ...
There has recently been a buzz around investing in social media stocks, following a spate of highly subscribed initial public offerings (IPOs) in the sector. The success of the...
Summary
A new report titled “Saudi Economy in 2012” forecasts slower growth, higher government spending, and smaller current account surpluses. Still, with the 2012 surplus ...
Reforming the economy has been a key objective of Iran’s government since President Ahmadinejad’s troubled reelection in 2009. For example, despite widespread objections, A...
The overthrow of Qadhafi’s regime has cost Libya’s economy dearly. Forecasts for 2011 are that GDP has declined by 28 per cent, industry by 45 per cent, and exports by 82 p...
Syria’s economy is starting to feel the pressure of eight months of violence in which an estimated 3000 people have died and thousands more have been injured. A recent Geopol...
Europe stands at the precipice. With a near insolvent and debt-ridden Greece presenting the very real risk of an unmanaged default, the threat of 'contagion' spreading to oth...
Egypt’s economy is in a serious post-revolutionary slump; economic growth only emerged from negative territory in the past few months and many Egyptians are beginning to ...
Earlier this year The Majalla introduced the Falafel Index as a way of looking at how macro-economic policy plays out in daily life. Modeled on The Economist’s Big Mac Inde...
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