EconSource: Egypt reaches first deal to revise gas prices with foreign energy firm

Follow the latest news and developments about the Arab transition countries. 

Egypt has agreed to revise the price it pays to buy natural gas to be extracted by German oil and gas group RWE DEA, a move likely to mean higher prices for the state. [Ahram]
Jordan’s economy appears to be back on track following multiple external shocks since late 2008. While growth remains relatively sluggish at 2.8 percent in 2013, many analysts predict an average or 4 percent or higher in the coming years. Perhaps the clearest evidence of revived momentum has been the recovery of foreign currency reserves, which almost doubled from $6.6 billion in December 2012 to almost $12 billion a year later. [OBG]
Morocco’s consumer price inflation eased to an annual 0.3 percent in May from 0.4 percent in April, the High Planning Authority said on Thursday. On a month-on-month basis, consumer prices fell 0.2 percent in May after rising 0.1 percent in April, as food prices decreased 0.3 percent. [Reuters]
The European Investment Bank has granted Tunisia €70 million (TND 157.77 million) to fund the modernization of schools, in addition to a credit line of €100 million (TND 225.39 million) for Tunisian companies and more specifically small and medium enterprises (SMEs). [TAP, TAP
Also of Interest:
Investment Minister: Capital gains tax ‘pivotal’ to Egypt’s budget | Amwal Al-Ghad
Egypt, Jordan review energy collaboration | Amwal Al-Ghad
Tunisia – Libya: vocational training for 7,400 young Libyans | L’Economiste Maghrebin (French)
Tunisia: UTICA-UGTT—Wage increase agreement to be signed next week | Kapitalis (French)
Op-ed: How North Africa’s geopolitics have changed since the Arab Spring | Forbes