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Algeria ranked lowest in MENA for economic freedom

October 17, 2017 Middle East Monitor 0

Algeria is one of the worst countries in the world for economic freedom according the latest ranking issued in the Economic Freedom of the World: 2017 Annual Report. The figures, compiled by Canadian think tank the Fraser Institute, rank countries according to access to a free market, free trade and entrepreneurial freedom. These criteria are grouped into five main groups: size of government (expenditure, size of state controlled enterprises, taxation, etc.), legal system and property rights, inflation, freedom of trade at the international level and regulation of credit, labour and business. The five criteria have a total of 42 distinct variables, each scored on a scale from 0 to 10 points. Algeria ranked 156 out of 159 countries in the list […]

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Global macro overview for 17/10/2017:

October 17, 2017 Forex analysis review 0

Global macro overview for 17/10/2017:According to the Minutes, the RBA members noted that the Australian economy had grown by 0.8% in the June quarter, in line with the Bank’s forecast. Growth in consumption and the contribution from net exports had be…

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Suspected US airstrikes pound southern Somalia

October 17, 2017 Middle East Monitor 0

A suspected United States aircraft targeted Somalia yesterday, Somali Press Online reported. The airstrikes targeted a key Al-Shabaab controlled town in Somalia’s southern Lower Shabelle region, residents told Somali Press Online. It is not confirmed whether it was a military aircraft or an unmanned drone. An Al-Shabaab convoy travelling in the outskirts of the region was targeted. The number of casualties as a result of the strike is unknown. The United States Department of Defence has not released an official statement however it regularly conducts drone strikes in Somalia, killing scores of people. President Donald Trump has given the Central Intelligence Agency and the US Military broader authority to target inside Somalia, considering parts of the country “temporary battlefield”. The […]

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Was Hamas weak to make many concessions to Fatah?

The Palestinian Islamic Movement Hamas and the Palestinian Secular Movement Fatah signed last week a landmark reconciliation agreement that ended an 11-year rift between the two factions. They agreed on three main issues and postponed talks on the controversial issues that might have undermined the agreement. Brokered by Egypt, the reconciliation included an agreement on the government, employees and the Gaza crossings with Egypt and Israel. For this Hamas made significant concessions it refused to make during several previous agreements. Hamas conceded its control over the Gaza Strip by cancelling the administrative committee which ran the ministries. It also agreed that the Fatah-dominated Palestinian Authority (PA) would send 3,000 security staff to control, among other things in the Strip, the […]

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US politicians propose resolution against UNESCO

October 17, 2017 Middle East Monitor 0

Two Republican politicians have submitted a resolution to Congress condemning UNESCO, days after the US announced that it would be withdrawing from the organisation over its “anti-Israel bias”, according to the Times of Israel. Senator Ted Cruz and Republican Matt Gaetz authored the resolution last Friday which condemns UNESCO for trying to delegitimise the Jewish state and “recognises and affirms the historical connection of the Jewish people to the ancient and sacred city of Jerusalem”. Last year, UNESCO voted in favour of a resolution that denied any connection between Al-Aqsa Mosque and Judaism; Israel relies on such a claim in recognising the Muslim holy site as the “Temple Mount”. “The Jewish people, and the people of Israel, have a deep and ancient […]

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BoE Deputy Skeptic About Rate Hike

October 17, 2017 info@dailyforex.com 0

Dave Ramsden, the new deputy governor of the Bank of England said that he was not in support of voting for an interest rate hike, calling into question when the BoE will implement its first interest rate hike in over ten years.The post BoE Deputy Skept…