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El Mansouri cements coalition government
El Mansouri inherits a growth story, a youth jobs crisis, and a USD 20 bn World Cup build-out
MENA to contract 3.8% this year before an 8% rebound, the IMF predicts
Oil exporters take the hit from the Hormuz closure, oil importers hold up on remittances and tourism, and Egypt gets…
Iraq devalues to fund its budget as a record of resets limits what it achieves
Baghdad has previously moved the IQD rate in both directions, which economists say tells the market to expect more resets…
Algeria’s 2027 budget delivers the last tranche of Tebboune's salary-doubling pledge
The final tranche of raises, which are meant to double salaries from their 2022 starting point, will start next year
Price pass-through splits the region as UAE and Saudi absorb what Egypt and Qatar can’t
Demand decided who could absorb record price increases
Morocco’s cars, planes, tourists, and the diaspora are bringing in more FCY, but the fuel bill is taking more out
The extra spending on energy imports alone outstrips what tourism and remittances added this year combined
Lebanon hopes for IMF agreement as financial gap law becomes the last obstacle
A full IMFpackage hinges on parliament passing the financial gap law, but there’s no vote scheduled yet
EBRD trims MENA growth on Hormuz and war, but lifts Morocco and Tunisia on the drought’s end
Egypt and Jordan take small hits but keep growing, while Iraq and Lebanon see their contraction forecast accelerate
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