Libyan oil production is expected to fall to 200,000 barrels/day from 800,000 barrels/day following an attack on an oil field. The country’s major oilfield, El Sharara, had to be shut down after militants attacked and seized the field.
Egypt to repay $2.5 billion Qatari deposit
Egypt will repay a $2.5 billion deposit to Qatar at the end of November. According to the central bank, this would bring the total of repaid deposits to Qatar to $6 billion since the ouster of President Morsi. [Zawya]
Yemen’s economy risks collapse
Experts agree with a statement made by Jamal Benomar, the UN Special Envoy to Yemen, who warned of the possible collapse of Yemen’s economy if the new government is not formed soon. If the economy collapses, essential services like education, health, electricity, and water would become unsustainable. [Yemen Times]
Also of Interest:
Middle East, economics and oil | Live Trading News
New investments in Egypt to boost economy | Reuters
Egypt receives $1 billion grant from Kuwait | Reuters
EBRD opens first resident office in Egypt | EBRD
Morocco posts very strong economic growth: OBG | MAP