Follow the latest in economic news and developments about the Arab transition countries
Bureaucracy, a lack of competition and a banking system in ruins have ossified the Tunisian economic model, the World Bank said in a new report calling for sweeping reforms. The Unfinished Revolution: Bringing Opportunity, Good Jobs and Greater Wealth To All Tunisians takes a comprehensive analysis of the Tunisian economy since the 2011 uprising. [World Bank]
Egypt needs growth and job creation over economic stability, said Mission Chief of the IMF in Egypt Chris Jarvis during the Euromoney conference. According to Jarvis, there is a “long road” to economic progress, however, the IMF is willing to be a partner for the Egyptian government. [DNE]
Speaking at the Euromoney conference, Richard Shediac, general manager of Strategy&, an economic consultancy and research company located in the Middle East, said that “we are working in Egypt to create a model of social reform in the Egyptian market”. [DNE]
Also of Interest:
A donation plea for Egypt to live long | Mada Masr
AfDB pledges $500 million in aid to Egypt in 2015 | Amwal al-Ghad
Egypt’s EGPC to buy 65 percent of oil product imports from UAE | Economic Times
Suez Canal corridor project to cost $220 billion over 15 years | Ahram Online
Egypt: Council of Ministers approved the purchase of renewable energy tariffs | Al-Mal (Arabic)
UFG to drop Egypt lawsuit if Israel import deal cleared-source | Reuters
Op-ed: ‘Egypt needs more than fix-all megaprojects’ | CNN
Morocco announces the creation of five new seaports | Moroccan Times
WB gives Yemen $3 million to develop higher education | Yemen Post
ESCWA: focus on social justice in the Arab region | L’Economiste Maghrebin (French)