Arab Today, arab today arab economies hit hard by global crisis
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

Arab economies hit hard by global crisis

Arab Today, arab today

Arab Today, arab today Arab economies hit hard by global crisis

Kuwait - Arabstoday

The head of the Arab Monetary Fund (AMF) said yesterday that the Arab Spring uprisings and the global financial crisis have hit hard the economies of countries struck by revolts over the past years. “These countries have started to suffer from severe contraction in growth, an alarming rise in unemployment rates ... a deterioration in foreign reserves and a hike in inflation,” Jassem Al-Mannai told an Arab meeting in Kuwait. Mannai, speaking at the meeting of Arab central bank governors, said that economies of Egypt, Tunisia, Libya, Yemen and Syria are also facing rising budgets, balance of payment deficits and an increase in debt levels. He gave no figures, however. He said banking activities have shrunk in most of these countries and the level of bad loans has increased since the pro-democracy movements erupted in January 2010 in Tunisia and spread to other countries. Mannai also warned that the global financial crisis was still negatively impacting Arab economies and could eventually dampen demand for oil which makes up the main revenues for many Arab nations. Due to rapid expansion in spending in the past few years, it would be very difficult for many oil-exporting countries to maintain a fiscal balance if oil prices drop below $100 a barrel, which can not be ruled out, he said. IMF said in April it was working on several loan programs to Arab countries, while the G8 group has also pledged tens of billions of dollars of aid to Arab nations hit by unrest. Arab news

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today arab economies hit hard by global crisis Arab Today, arab today arab economies hit hard by global crisis

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today arab economies hit hard by global crisis Arab Today, arab today arab economies hit hard by global crisis

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday