Ecomnews Med The Mediterranean News on Economy

• #ISRAEL
• #Money
• #War

A strong recovery is expected in 2025, with the government forecasting growth of 4.6%. The Bank of Israel (BOI) has kept its key interest rate unchanged at 4.5% since January 2024, making Israeli financial assets attractive to investors and helping to contain inflation, strengthening confidence in the local currency.

• #EGYPT
• #AlSissi
• #Economy
• #Energy
• #RenewableEnergy

Under the high patronage of President Abdel Fattah al-Sissi and co-organized by the Ministry of Oil, the 8th edition of the EGYPES exhibition was held in Cairo from February 17 to 19, bringing together 47,000 participants and 500 exhibitors. The 2025 edition brought together Egyptian and international players in the oil and gas sector from 120 countries.

• #SYRIA
• #Economy

The Syrian economy is emerging extremely weakened from a decade of conflict. Formal GDP contracted from $60 billion in 2010 to $6.2 billion in 2023. The economy has been affected by external shocks and economic difficulties in neighboring countries (Turkey and Lebanon). Exports collapsed from $8.8 billion in 2010 to $700 million in 2022, while imports fell from $18.8 billion to $4.8 billion.

• #LEBANON
• #War

The problem of rebuilding Lebanon following the war with Israel is added to that of recovering a country in deep crisis since 2019. It is therefore interesting to look back at the most recent experiences in reconstruction, in 2006 and 2020, which did not allow Lebanon to put itself on a sustainable development trajectory despite significant international financial support.

• #ISRAEL
• #Agriculture
• #Business
• #Construction
• #Debt
• #Economy
• #Government
• #IMF
• #Palestine
• #Tourism
• #War

After a year of war, the fundamentals of the Israeli economy remain solid. The stability of the financial system has been tested and proven. The Jewish state has deployed a combination of expansionary fiscal policy, facilitated by a low pre-war debt level, and a long-restrictive monetary policy to combat inflation and support damaged economic activity.

• #LEBANON
• #Business
• #DecisionMakers
• #Economy
• #Politics

The intensification of the war in Lebanon from September 2024 has constituted an additional shock on the Lebanese economy. The World Bank estimates the impact of the conflict on real growth at -6.6% at a minimum in 2024. Its growth forecast for 2024 now stands at -5.7%, given that Lebanon has already experienced a contraction in its real GDP of -34% in 5 years, erasing the equivalent of 15 years of growth gains.

• #EGYPT
• #EconomicAnalysis
• #Economy
• #News

President Abdel Fattah Al-Sisi participated in the 16th BRICS Summit in Kazan, Russia, in October, marking Egypt’s first participation as an official member since joining on January 1, 2024. On this occasion, the President reaffirmed the importance of South-South cooperation to address global economic challenges, as Egypt has experienced significant economic difficulties in recent years, including several episodes of devaluation of the Egyptian pound.

• #JORDAN
• #Economy
• #Textile

The development of the textile sector in Jordan dates back to the free trade agreement signed in 1996 with the United States. In the same year, in order to promote peace for the region, Congress announced the creation of Qualifying Industrial Zones (QIZ) in Jordan, industrial free zones whose production is intended to be exported to the United States exempt from customs duties.

• #IRAK
• #IRAQ
• #EconomicAnalysis
• #Economy
• #Oil

The Iraqi economy is very undiversified and is characterized by a weak private sector, particularly in Iraq outside Kurdistan, and a lack of infrastructure. The oil sector represented 45% of GDP in 2023.