EconSource: Egypt Will Fix the Economy but do not Expect Miracles

Egypt’s Prime Minister urged the Egyptians not to expect instant results from the large-scale infrastructure projects the government has started in order to create jobs and strengthen the economy. The Minister has been facing the arduous task to repair the country’s finances, which had suffered from political upheaval, street protests and militant violence. [Reuters]

Tunisia, 200 million euros for reforms from EU
The European Union has confirmed its support to Tunisia and signed a memorandum of understanding, which will provide the country with 200 million euros in aid. The aid program will target mainly the re-launch of the economy but also the reform of the justice system, modernization of the media, gender-equality, an integrated control of borders as well as renovation of working-class areas. [Ansamed]

Falling oil prices pose no immediate threat to Algeria’s finances
Algerian Finance Minister told parliament that falling oil prices, which are allarming for OPEC member Algeria, will not have an immediate negative impact on the country’s budget. Earnings from sales abroad dropped to $46.5 billion in the first nine months of 2014 from $47.1 billion in the same period last year. Oil prices have fallen to their lowest level since 2010, worrying oil producers who rely heavily on energy revenues. [Ennahar]

Also of Interest:
Egypt signs oil and gas exploration deal in Western Desert | Ahram Online
International support helps Tunisia to facilitate financing for SMEs | Global Arab Network
Egypt targets budget deficit of 8 percent by 5 years | Ahram Online
Kuwait, Egypt sign draft deal for commercial, industrial | Kuna
Egyptians invest in Suez Canal project | Al-Shorfa
CVC eyes $700 million deals in Middle East, North Africa | Reuters
European pe firm CVC eyes $700 million deals in Middle East, North Africa | Gulf Business
Irrigation expansion to support Algeria’s agricultural output | Global Arab Network
Morocco’s BMCE Bank plans to launch Islamic unit | Arab News
Libya’s rival regimes keep oil flowing from split Nation | Bloomberg
APR Energy’s bet on Libya proves too risky for some | The Times
From Libya clashes with goldman to ‘National Anti-Corruption Day’ | WSJ