EconSource: Tunisia’s Economic Growth Slows to 2 Percent in Q2

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

Tunisia’s economic growth slowed to 2 percent year-on-year in the second quarter reflecting a broad-based slowdown, according to the state statistics institute. The institute said Tunisia’s economic growth rate slowed to 2.1 percent in the first half of 2014 compared to 2.5 percent in the first half of 2013. The government forecasts Tunisia’s economy will grow 3 percent in 2014. [Reuters]


The UAE and Egypt will next week finalize for the former to provide finance for Egypt’s petroleum projects needs for one year, said an official at the Egyptian General Petroleum Corporation (EGPC). The agreement entails UAE providing Egypt with diesel, fuel oil, petrol, and butane gas at a value of $800 million monthly. The agreement will begin in September, ending in August 2015. [DNE, Al-Borsa (Arabic)]


The total in World Bank funding across 25 projects in Egypt has now reached $5.4 billion, according to the WB Country Director for Egypt, Yemen, and Djibouti Hartwig Schafer. Within the WB grant system, there are 54 projects totaling $202 million. [DNE, Al-Borsa (Arabic)]


Yemen: Houthis make seven demands to end Sana’a siege, including restore subsidies
The Houthi rebels occupying sites around the Yemeni capital in their thousands have announced the conditions for ending their protests on Monday. In a letter to Yemeni President Abd Rabbuh Mansur Hadi, the movement, which has been protesting around Sana’a for a week, issued seven demands which included reforms of Yemen’s economy, media, and political system, and say the protests will continue until their demands are met. [Aawsat, Yemen Online]




Also of Interest:

Egypt gov’t seeking EGP 24 billion in tax arrears | DNE

EU to fund €10 million development of 4 slum areas in Greater Cairo | DNE

Egypt trade balance deficit declines 28.6 percent in May: CAPMAS | Cairo Post

Yemen fuel subsidy cut drives poorest deeper into poverty | The Guardian