Economy | Tags | Econostrum | Economic News in the Mediterranean

Egypt is the second largest recipient of foreign direct investment in Africa

06/14/2022 | Society / Institutions

AFRICA. In African countries, Foreign Direct Investment has reached $83 billion in 2021. A record figure driven in particular by Egypt.

19.65bn of guarantees for investments across Europe

03/08/2022 | Society / Institutions

EU. A €19.65bn guarantee agreement has been signed between the European Commission, the European Investment Bank and the European Investment Fund to support investment projects across Europe.

economy, EIB, EIF, EU, European Commission, European Investment Bank, European Investment Fund, European Union, green economy, InvestEU, Paolo Gentiloni, Tags: Alain Godard, Teresa Czerwińska, Valdis Dombrovskis

Oil revenues made up 97% of Libyan state revenues in 2021

01/06/2022 | Society / Institutions

LIBYA. In the midst of the country's political instability, the Central Bank of Libya publishes its results for the year 2021 with $22.9bn in foreign revenues and $24.5bn in expenditures for the government.

CBL, Central Bank of Libya, economy, Libya, Libya expenditure, Libya revenue, oil

Turkish inflation hits two-decade high

01/04/2022 | Society / Institutions

TURKEY. According to the country's National Statistics Office, inflation in Turkey has reached 36.08% over the year, seven times higher than the figure forecast by the government. Exports have also reached a record high.

economy, Mehmet Mus, Recep Tayyip Erdogan, TCMB, TUIK, Turkey, Turkish economy, Turkish exports, Turkish imports, Turkish inflation, Turkish lira, Turkish minimum wage, Turkish National Statistics Office

Algeria signs $300m cheque to help Tunisia

12/16/2021 | Society / Institutions

TUNISIA / ALGERIA. In official visit in Tunis, the Algerian president Abdelmadjid Tebboune granted an agreement of loan of 300 M$ to his counterpart Kaïs Saïed.

The socio-economic consequences of Covid-19 have a greater impact on already vulnerable populations

11/23/2021 | Society / Institutions

MEDITERRANEAN. A report by the International Federation of Red Cross and Red Crescent Societies (IFRC) warns of "the enormous socio-economic impact of Covid-19", particularly in Spain, Lebanon and Turkey.

Care Inernational, Covid-19, economy, Francesco Rocca, Geneva, IFRC, INFORM, International Federation of Red Cross and Red Crescent Societies, Lebanon, Mediterranean, Red Crescent, Red Cross, Spain, Syrian refugees, Turkey, UN

Western Balkan countries prove more resilient than expected

11/04/2021 | Society / Institutions

WESTERN BALKANS. The European Bank for Reconstruction and Development raises its growth forecast for the Western Balkan countries to 6.4% in 2021.

Albania, Ana Krešić, Bosnia and Herzegovina, EBRD, economy, European Bank for Reconstruction and Development, Kosovo, Montenegro, Northern Macedonia, Serbia, Western Balkans, Western Balkans economy

Libya's economic outlook: Too many clouds block the horizon of a diversification

04/20/2021 | Society / Institutions

LIBYA. Libya must recover from ten years of internal conflict and tackle not only its reconstruction, but the diversification of its economy. However, a prerequisite for this is the establishment of a genuine state and administration.

Libya's economic outlook: Oil fuel for future investments

04/15/2021 | Society / Institutions

LIBYA. Its foreign exchange reserves and oil windfall have returned to pre-revolution levels, allowing Libya to invest in its future. The 2021 budget currently under discussion reveals the priorities of the new government.

Abdel Hamid Dbeibah, African Development Bank, Bernard Valero, BPMC, Brega Petroleum Marketing Company, Budget Libya, CBL, corruption, economy, Egypt, European Union (EU), Fayez al-Sarraj, GDP Libya, GNA, Government of National Unity, Great Man-Made River, Henry Marty-Gauquié, IPC, Jean-François Coustillière, Libya, Libyan Central Bank, libyan economy, Libyan Investment and Development Company, Libyan Investment and Local Development Fund, Lidco, Llidf, Manul, Muammar Gaddafi, Mustafa Sanalla, NOC, Nubia Basin, oil, Opep, Pnud, Ras Lauf, Saïf al-Islam, Tobruk, Transparency International, Tripoli, Tunisia, United Nations, USAID, World Bank

"DarESS will spearhead the SSE in Tunisia"

03/11/2021 | Society / Institutions

Sonia Benyahia, director of ProgRESS Tunisia, matrix of a future national center of resources of the social and solidarity economy, and Rodérick Égal, president of iesMed, Mediterranean platform of accompaniment to the SSE, draw up, exclusively for econostrum.info, the panorama of the SSE in Tunisia. They reveal their projects in this country, while they are preparing to inaugurate in Tunis, DarESS, the house of the SSE.

CitESS, DarESS, economy, Greater Tunis, iesMed, Mahdia, MedESS, Mediterranean, Morocco, North Africa, ProgRESS Tunisia, Rodérick Égal, Sidi Bouzid, social and solidarity economy, Sonia Benyahia, Sousse, SSE, Tunis

Turkey will be the largest sovereign issuer of commercial debt in 2021 in the EMEA region

03/02/2021 | Society / Institutions

EMEA. S&P Global Ratings estimates that global government borrowing is expected to be $12.6 trillion in 2021.

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Africa, BCE, commercial debt, coronavirus crisis, Covid-19, debt, economic and financial crisis, economy, Egypt, Emea, Euro zone, Europe, financial markets, loan, Middle East, rating agency, Russia, S&P, Turkey

ECB President rejects any idea of debt cancellation

02/08/2021 | Society / Institutions

EU. Christine Lagarde, President of the European Central Bank, says that the cancellation of the European public debt held by the ECB is inconceivable because it is illegal.

BFMTV, Christine Lagarde, debt, ECB, economy, European Central Bank, European debt, Le Journal du Dimanche

The introduction of new Member States stuck in the European funnel

11/20/2020 | Society / Institutions

Despite his divorce from the United Kingdom and the break-up of his engagement with Turkey, the European Union still seduces, but knows how to make itself wanted. Its only suitors today are all in the Western Balkans. They have to work hard to put a ring on this sixty-three-year-old lady's finger, who is becoming more and more difficult to choose.

Albania, Angela Merkel, Ankara, Bosnia-Herzegovina, Brexit, Brussels, Bulgaria, Central Bank of Kosovo, Copenhagen criteria, Croatia, Cyprus, dardan, David Cameron, dinar, economy, Ekaterina Zaharieva, EU accession, EU enlargement, euro, Europe, European Commission, European Investment Bank, European Union (EU), Greece, Henry Marty-Gauquié, Jean-François Cousitillière, Kosovo, Macedonia, Montenegro, Olivér Varhelyi politics, Recep Tayyip Erdogan, Romania, Serbia, Slovakia, Slovenia, Sofia, Spain, Turkey, Turkey's accession, United Kingdom, Ursula von der Leyen, Western Balkans

OECD reports record second quarter GDP falls in France, Italy and Turkey

09/14/2020 | Society / Institutions

FRANCE / TURKEY. The decline in GDP in the second quarter in the G20 zone reached 6.9% in the zone against -1.6% recorded in the first quarter of 2009, at the height of the financial crisis.

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China, economy, France, G20, GDP, India, Italy, OECD, Organisation for Economic Co-operation and Development, Russia, South Korea, Turkey

UNCTAD is alarmed at the economic repercussions of the Covid on an already bled Palestine

09/09/2020 | Society / Institutions

PALESTINE. The United Nations Conference on Trade and Development notes in a report that Covid-19 has aggravated the already disastrous economic conditions in Palestine.

Version française

coronavirus crisis, Covid-19, economy, Gaza, Israeli-Palestinian conflict, Mukhisa Kituyi, Palestine, Palestinian Authority, PNA, UNCTAD, United Nations, West Bank

France Relance puts €100 billion on the table to accompany the post-Covid period

09/03/2020 | Society / Institutions

FRANCE. The French stimulus plan, worth €100 billion over two years, will be based on competitiveness, social and territorial cohesion and ecological transition.

Bernard Cohen-Hadad, competitiveness, coronavirus crisis, Covid-19, ecological transition, economy, Emmanuel Macron, France, green economy, green growth, Jean Castex, Medef, recovery plan, SNCF, social cohesion, sustainable development

Mustapha Adib appointed Prime Minister in Lebanon

08/31/2020 | People

LEBANON. The new Lebanese President, Mustapha Adib indicates that he wants to form a government in record time to bring Lebanon out of the economic slump.

Beirut, economy, IMF International Monetary Fund, Lebanon, Michel Aoun, Moustapha Adib, notebook, politics

Feminization of occupations and its effect on gender wage gap in South Mediterranean Countries

04/03/2019 | FEMISE reports

Published in April 2019. Directed by Doaa M. Salman. The issue of gender equality in the labour market is an important one not only for the wider norm of fairness but also more specifically for economic development and the efficient utilization of (human) resources in the economy. For countries in...

Doaa M. Salman, economy, Egypt, Euro-Mediterranean Forum of Economic Institutes, Femise, french report, growth development report, Jordan, labour market, Mashrek report, MENA, Politic report, work

Gender Wage Disparities in Egypt: Evidence from ELMPS 2006 and 2012

09/10/2018 | EMANES reports

Published in September 2018. Written by Marwa Biltagy. His paper focuses on estimating wage differentials between males and females in Egypt to understand the determinants of the gender wage gap.

economy, education, Egypt, Emnes, Euro-Mediterranean Network for Economic Studies, financing investment report, Marwa Biltagy, Mashrek Report, rural area, urban planning, wage

The Effects of Syrian Refugees on the Labor Markets of Host Middle Eastern and European Countries

05/16/2018 | FEMISE reports

Published in May 2018. Written by Roby Nathanson and Khalid Sekka Since 2011, over 5.3 million refugees made their way from Syria to hos ng Middle Eastern end European countries. Middle Eastern countries that absorbed the majo- rity of refugees are Turkey, Lebanon and Jordan...

economic and financial crisis, economy, Euro-Mediterranean Forum of Economic Institutes, Femise, Jordan, Khalid Sekka, Lebanon, Maghreb report, Mashrek report, MENA, Middle East, politic, politic report, Roby Nathanso, Southern Europe, Syria, Syrian refugees, Turkey report