Follow the latest in economic news and developments about the Arab transition countries.
A new World Bank report titled ‘More Jobs, Better Jobs: A Priority for Egypt’, provides insights into the deepening structural problems of the Egyptian labor market. The report highlights short and long term policy interventions needed to unleash the potential of the private sector to create a large and diverse set of jobs, it added. [World Bank]
The growth rate of Tunisia could reach 4 percent of GDP in 2015, according to the latest IMF Report, up from 2.4 percent over the current year and 2.3 percent in 2013. The IMF also predicted a decline in the consumer price index to 5 percent in 2015 from 5.7 percent during the current year. [African Manager]
The losses of the state-owned National Electric Power Company (NEPCO) since the start of the year until the end of August stood at JOD 1.18 billion, and the figure is expected to rise to JOD 1.45 billion by the end of the year. The Cabinet held a session Wednesday, chaired by Prime Minister Abdullah Ensour, to discuss NEPCO’s losses — blamed on the harsh economic situation the country is undergoing. [JNA]
Also of Interest:
Looking to Suez expansion for economic growth in Egypt | OBG
Russia’s Gazprom to supply Egypt with LNG shipments | Egypt Independent
Jordan signs six deals with France | Jordan Times
Blog: Jordan finds energy sources in unlikely places | NYT
Libya’s Zawiya refinery, El Sharara oil field shut – official | Reuters
Blog: It’s not the How; It’s the Why (subsidies) | World Bank