Common interest in maintaining oil revenues flowing is keeping Libya’s oil exports on track, while the struggle for control of Libya’s state-run energy sector between rival governments in Tripoli and the east continues. [AlArabiya]
Moroccan economic growth seen at 3.5 percent in 2014-minister
According to the Moroccan finance minister, Morocco’s economy is expected to grow by around 3.5 percent in 2014, with the government aiming to meet a 4.9 percent of GDP target to narrow the budget deficit. The 2015 draft budget forecasts a 4.3 percent budget deficit as the government will attempt to control spending and implement reforms without resorting to austerity measures.[Zawya]
Egypt regulator pins bond market hopes on central bank
The head of the Egyptian financial market regulator said that Egyptian authorities are eager to develop an active bond market. Nevertheless, they are counting on the central bank to ensure the participation of commercial banks. Encouraging trade in bonds is key to the Egyptian recovery plan as it would help fund the state budget deficit. Currently more than 90 percent of Egyptian bonds are issued by the government. [Reuters]
Also of Interest:
Libya OPEC governor calls for output cut amid oil plunge | Businessweek
London stock exchange and Morocco’s Maroclear sign cooperation agreement | MAP
Egypt’s Arab Investment Bank plans capital hike | Zawya
France wants to become the first economic partner of Algeria (Ambassador) | Ennahar
Tunisia’s economic status quo | Washington Post
Can Libya’s central Bank survive as the country fractures? | Foreign Policy
Egypt lacks medium-sized businesses, as analysts blame regulation | Ahram Online
New figures show Egyptian economy is collapsing | Middle East Monitor
Egypt needs billions to upgrade telecom infrastructure: Minister | Ahram Online
The rebirth of Egypt | Mareeg
Britain keen to support Kingdom’s economy, ambassador | Jordan News Agency
Aqaba will be economic capital in the region | Jordan News Agency
Egypt tourism minister confident of recovery, despite challenges | Reuters
Morocco awarded two prizes by World Finance | MAP