Follow the latest in economic news and developments about the Arab transition coutries.
The Ministry of Economy and Finance has kept the original version of the 2014 Supplementary finance bill and has not submitted any updated version as accustomed, according to Rapporteur of the Finance Commission Lobna Jribi. The non-amended version of the supplementary finance bill will be discussed today at a plenary session with the suggestions included in the report of the Finance Commission. [TAP]
Egypt’s economic ministers approve raising the subsidy for spinning companies (private and state-run) to purchase abundant Egyptian cotton to become EGP 350 per quintal instead of EGP 200 ahead of harvest season in September, announced the ministry of, industry, trade and Small and Medium Enterprises (SMEs) in a statement on Tuesday. [Ahram]
Jordan’s trade deficit rose by 6.1 percent by the end of May this year, standing at JOD 4.26 billion, compared to JOD 4.01 billion in the same period of last year. According to data issued by the Department of Statistics (DoS), overall exports which include national exports and re-exported goods, rose by 6.8 percent in the same period. [JNA]
Morocco’s consumer price inflation eased to an annual 0.1 percent in June from 0.3 percent in May, the High Planning Authority said on Tuesday. The food price index fell to a rise of 1.6 percent in the 12 months to the end of June from 2.1 percent last month. [Reuters]
Also of Interest:
Sisi’s bold start on economic reforms buys Egypt some time | Reuters
More than 2,000 foreign workers left Egypt in 2013: CAPMAS | Ahram
Jordanian economists discuss MB’s proposed economic strategy | Jordan Times
Jordan’s laws benefit investments | Mubasher
Jordan’s exports grow 10 percent by the end of May | Mubasher
Op-ed: Jordan’s quiet emergency | The Atlantic
Violence stifles Libya’s oil return | Forbes
Chedly Ayari in US to finalize the second bond issue of Tunisia | L’Economiste Magharebin
Afghanistan, Yemen among U.S.-honored development projects | Reuters