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Subsidy Reform: Is The Time Nigh?

The near-term outlook for net oil importers across the Middle East and North Africa (MENA) remains precarious. As we have highlighted on numerous occasions previously, since the start of 2011 the...

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Election Primer

Israel will hold parliamentary elections on January 22 2013, and most polls predict that current Prime Minister Benjamin Netanyahu will win another term as prime minister. His right-wing Likud party...

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Conflict Crib Sheet And FAQ

The conflict in Syria has been deadlocked for some time, but the momentum appears to have shifted in favour of the rebels fighting the regime of President Bashar al-Assad. Assad has proved more...

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Banking Sector: Weathering A Storm

BMI View: Israel's commercial banking sector is facing a difficult period, with credit growth slowing and profitability contracting. Although we forecast loan growth accelerating,...

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Politics Undermining Investment Outlook

We forecast Iraq's current account to come into surplus to the tune of US$28.3bn in 2012 and US$31.0bn in 2013, representing 20.4% and 18.6% of GDP, respectively. This mostly results from increasing...

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Budget Heading Deeper Into Deficit

Iran's parliament approved a US$492bn budget for FY2012/13 in May, approximately 9% lower than the budget for FY2011/12. As revenues will be constrained while current expenditure remains elevated, we...

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