Ecomnews Med The Mediterranean News on Economy
The Middle East is structurally fragile from the point of view of its food security. Before Covid-19, 12% of the ANMO population was undernourished and in 2020, 20% of the world's severely food insecure people were from the ANMO region. In 2022, the global food security index places Syria in last position (113th), while Egypt is in 77th position, Jordan 47th and Israel 24th.
These countries experience disparate levels of wealth but have overall adopted rentier and/or non-diversified growth models, which do not ensure balanced economic and social development. Dependence on imports and the weakness of the private sector make these economies less resilient, particularly in the face of external shocks like this conflict. Analysis.
If the conflict between Israel and Hamas that began on October 7, 2023 has not led to a real deterioration of Egypt's security situation at this stage, it constitutes a new external shock on an Egyptian economy that is temporarily degraded and structurally fragile. Egypt is already suffering from the slowdown in Israel's economic activity (gas exports) and tourist flows to the region, valuable sources of foreign exchange.
The Dalkia EDF french Group signs a purchase agreement for the acquisition of US Chiller Services in the Middle East and the United States
Marruecos y España aprobaron un nuevo protocolo financiero de 872 millones de dólares para proyectos de inversión en Marruecos
Argelia confirma a España que seguirá suministrándole gas a través del gasoducto Medgaz y completará la oferta con GNL
Egypt: British producer SDX Energy discovers high-quality gas reservoir in well IY-2
Saudi Arabia and United Arab Emirates reach compromise on OPEC + oil supply deal