EconSource: Egypt to Issue $1.75 Billion One-Year Treasury Bill
According to Egypt’s central bank, it has decided to offer a $1.75 billion one-year treasury bill to local banks and foreign financial institutions at an auction on November 25. With the reluctance of foreigners to invest in Egypt, the Egyptian government has turned towards the local money market to finance its public deficit.

[Reuters, 11/20/2014]

Libya official sees OPEC at least cutting above-target oil output

According to Libyan officials, OPEC will decide to remove crude oil pumped above the minimum target from the market in order to support prices that hit a four-year low. Oil ministers from OPEC will meet on November 27 to consider adjusting the output target of 30 million bpd. Last month, Libya’s OPEC governor called for an OPEC cut of at least 500,000 bpd but said that Libya should be exempt from the measure since it is trying to sustain renewed production hit by months of fighting and protests. [Zawya, 11/19/2014]

Jordan’s economy is doing fine

Jordan’s minister of finance said that Jordan’s economy is doing well and is able to grow in spite of the pressures of the budget deficit and rising debt. According to international reports and international rating agencies, Jordan’s economy has been upgraded to “stable.” Jordan’s positive credit rating upgrade is expected to have an impact on reducing debt and lowering the cost of internal and external borrowing. Additionally a positive impact is expected by investors and international institutions. [Zawya, 11/20/2014]

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Yemeni government, private sector sign MoU in Washington | SABA
Italian exports toward MENA region grow | ANSAmed