imported 2024-03-17 17:43:07
Libya Top Stories
Libya Reports Strong Economic Growth in 2012
With the recovery in hydrocarbon exports, the fiscal and current account surpluses in 2013 are projected at 19.1% of GDP and 26.7%, respectively. Nevertheless, the increase in recurrent expenditures poses risks to fiscal sustainability.
Libya Top Stories
Positive Outlook for Libyan Economy: 9.6% Growth between 2013-2017
The Libyan economy is expected to grow by an annual average of 9.6% in the period between 2013 and 2017.
After consumer confidence in the economy hit a near all-time low this summer as Lebanon entered a recession, 2012 wrapped up with confidence near the earlier low after a brief fall rebound.
As for Halal banking (Islamic Banking and Finance), We see prospectus for emergence and growth of Islamic finance and banking in Kurdistan in as much as the state is part of the larger Muslim MENA countries.
The concept of corporate social responsibility has been gaining traction in the Lebanese economy – with an increasing number of companies embracing the idea that they can profit from doing good while doing business.
Kurdish foreign relations are in a process of quick evolution as former foes become development partners, such as with Turkey and Iran, where there have been respective degrees of rapprochement have been reached.
While the strong irredentist urge of the Kurdish people over the centuries has always been to have a state to call their own, the one territory to have nearly achieved this — the Autonomous Kurdistan Region — part of northern federal Iraq, is walking a tightrope on actually pressing for full statehood in the near term.
Korek is a big player in Iraq now, “we have nationwide coverage. We increased our market share by 4 percent in less than a year: we moved from 11 to 15.7 percent.”
You cannot build an instant country, but since the 2003 fall of the Hussein regime, the autonomous Kurdistan region has been accomplishing something close to this with its rapid pace of business and infrastructure construction supported by a strong boom in the oil based economy.
For Nozad Dawood Fattah Al-Jaff, chairman of North bank, the goal is to be not only the largest bank in Iraq, but to be recognized as a strong regional player as well.
