EconSource: Jordan , US Sign Four Grant Agreements

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

Minister of Planning Ibrahim Saif and USAID/Jordan Mission Director Beth Paige on Tuesday signed four grant agreements, valued at $633 million, under the US regular and additional economic assistance for Jordan for 2014. [Jordan Times]

The government on Sunday lowered the prices of main oil derivatives for October. Fuel prices, except those of gas cylinders, are no longer subsidized by the government, which lifted subsidies on oil derivatives in November 2012. [Jordan Times]

The Tunisian central bank said on Tuesday it was lowering its growth forecast for 2014 to 2.3–2.4 percent from the previous forecast of 2.8 percent, amid growing budget and trade deficits and a general state of economic stagnation in the North African country. [Asharq Al-Awsat]

Following the recent announcement that Telegraph Media Group will host a Middle East Congress in London next year to bring together key decision makers from the region with business leaders and investors in the UK, Nabil Ammar, Tunisia’s Ambassador to Britain said: “The struggle against extremism is also about the struggle for better economies, education and prosperity across the whole region. International investors have an important role to play.” [Telegraph]

Also of Interest:
Egypt secures $1.4 billion in loans from banks to repay foreign oil firms | Ahram Online
Egypt offers 25 grand investment opportunities next February | Amwal Al-Ghad
Egypt’s Sisi delivers economic reforms but hurdles remain | Reuters
Jordan: Industrial sector created 11,000 jobs during 2013 | JNA
Jordan concludes it would save on energy through deal with Israel | Ammon News
Morocco’s emerging sectors lead growth charge | Zawya DJ
Morocco: Tourism sector generates MAD 174 billion in 3 years | MAP
Algeria, Tunisia sign construction deals | Magharebia
Op-ed: Ennahdha- A populist and unworkable economic program | Kapitalis (French)