long history of political animosity; this is a history that continues until our present day.
Egypt begins collecting property tax for 1.5m residential and non-residential units: Fi... - 0 views
IMF Defends Egypt Planned Capital Gains Tax Hammering Stocks - Bloomberg - 0 views
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How long can Saudi Arabia afford Yemen war? - Al-Monitor: the Pulse of the Middle East - 14 views
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Yemen's treasury was burdened by the costs of unification such as paying for southern civil servants to move to the new capital, Sanaa, and paying interest on its massive debt. On top of its other economic challenges, Yemen was to absorb the shock of 800,000 returnees and their pressure on the already weak job market. With their return, the estimated $350 million a month in remittances
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Civil war broke out in the summer of 1994 in what could be interpreted as a symptom of economic failure.
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By 1995 the Yemeni government implemented a program of macroeconomic adjustment and structural reforms with support from the World Bank and the International Monetary Fund and reduced spending on defense and civil service and cut subsidies. The Yemeni economy started showing signs of recovery and stability.
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Masood Ahmed, director of the IMF’s Middle East and Central Asia Department, wrote in 2012 that “fiscal sustainability will be an issue” for Gulf Cooperation Council countries. In its 2012 regional economic outlook, the IMF recommended to “curtail current expenditures while protecting the poor” as a response to the risk of declining oil prices.
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Policies to cut spending were unlikely to be introduced in a monarchy like Saudi Arabia, especially after the Arab Spring, where tax-paying citizens along with non-tax-paying Bahrainis and next-door Yemenis went out on the streets to claim their rights in shaping the policies that govern their daily lives. The risk of people demanding more political rights was growing and cutting spending was not the optimal strategy for the kingdom.
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As the kingdom continued its generous fiscal policy by providing more benefits to its citizens in response to the people’s dissatisfaction with the economic and political situation, it ran a deficit of 3.4% of GDP in 2014 due to a fall in oil revenues.
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The kingdom's economic reforms of raising gas and diesel prices, cutting fuel subsidies in half and supporting the introduction of a GCC-wide value-added tax might ease the pressure of sustaining a war for nine months and perhaps longer. These structural reforms were long overdue and their introduction at this time is revealing.
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CIG pg. 120 -> "We live in a world with many layers of linkages between countries. Nations will exchange goods and services through trade and will engage in cross-border investments from bank loans to setting up businesses. Each of these linkages can serve as a transmission mechanism in a time of crisis."
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the political inclusion of the taxpaying citizen. It's a price the kingdom is now willing to pay, as we have seen Saudi women not only
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and suffered an uprising fueled by anger at economic failure. The Saudi economy is trying to absorb
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As they introduce revenue-collecting mechanisms, they should also reform mechanisms of capital transfer to the public to minimize the gap between the rich and the poor, as it is known that the poor are the most affected by tighter revenue-collecting policies. Otherwise, the Saudi war on Yemen will mark the beginning of an economic downturn that will surely spill over onto its political system in the long run.
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"So the young revolutionaries fight on, until all their demands are met and they are free to build their State: a state founded on social justice and equality between all citizens where Saleh's reign is just a page in the history books." pg 129
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CIG pg. 116 -> "Globalization, in the shape of freer trade and multinational investments, has been generally a force for good and economic prosperity. But it has also advanced, rather than harmed, social agendas"
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But it became apparent that Saleh was not going to leave me to my own devices. He declared war in mid-1994, occupying the South and defeating the Socialist Party. Everything was finished, or so I believed. Its property stolen by the regime, the paper shut down, and once more I found myself broken, defeated and without hope. Worse, I was a known employee of the Socialist Party through my work at the paper. In the region where I lived agents for the regime had been hunting down and detaining anyone who had belonged to the Socialist Party or getting them fired from their jobs. Although I had not been a party member myself, just worked at a party newspaper, the regime made no distinction. My mother intervened, however, and hid me. She wouldn't let me out of the house. My mother always protects me. (2013-12-31). Diaries of an Unfinished Revolution: Voices from Tunis to Damascus (p. 115). Penguin Publishing Group. Kindle Edition.
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Civil War: in 1994 Jamal currently in high school, describes the times as a world, when the color of his skin would define him. The Civil War, "interpreted as a symptom of economic failure", was evident in the reading when Jamal described the lack of jobs as a college graduate, members of the socialist party were completely shut out when Saleh took the presidency, depriving hard workers the ability to integrate into the economy.
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This paragraph, while not highlighted, is important to the idea of globalization and why the war is not stopping. There is a flow of revenue from these oil prices that Yemen is reliant on, but they are also competing with countries that produce higher amounts of oil. This would have happened during the time Sanaa was in College writing scathing articles
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The Isis economy: Meet the new boss - FT.com - 0 views
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Iraq’s second city of Mosul looks like a model of success for its new rulers from the Islamic State of Iraq and the Levant
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But in the back alleys, litter fills the streets. The lights stay on, but only because locals rigged up generators themselves. And under the blare of café televisions, old men grumble about life under Isis’s self-proclaimed caliphate.
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Sunni Muslims in both countries have long felt discriminated against by regimes dominated by rival sects
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without an economy that gives people a chance to make a living, many say Isis has little more to offer
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“Compared to past rulers, Isis is a lot easier to deal with. Just don’t piss them off and they leave you alone,” says Mohammed, a trader from Mosul. “If they could only maintain services — then people would support them until the last second.”
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“They’re operating like something between a mafia, an insurgency and a terror group. Maybe they thought six months ago they were going to function as a state. But they don’t have the personnel or manpower.”
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volunteers handing out sacks of wheat stamped with their black and white seal. They even announced plans to issue a currency,
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In some cases they say Isis takes credit for systems in place before it seized power. In others, locals say it is stealing the resources of the region it seeks to rule
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Travellers must stock up on Iraqi dinars to use in Iraq, US dollars for the road and Syrian pounds once they arrive.
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services continue to function because of the money Baghdad still pays to former civil servants in Mosul. Isis taxes those employees at up to 50 per cent of their salaries.
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It is as if Isis is financing itself partly through a pyramid scheme, and this has begun to falter.”
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Though many now question Isis’s economic management, its military prowess and organisational skills are clear.
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Isis allows easy movement through its territories to facilitate trade. Trucks passing through are taxed about 10 per cent of the value of their cargo.
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Democracy Under Way, Tunisia Turns To Tough Economic Agenda - Gulf Business - 0 views
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With a new economic agenda being created and putting into place the people of Tunisia are worried. With the term "reforms" people of Tunisia are worried that the wrong issues are going to be handled. Like for instance creating jobs instead of increasing prices. Authorities tried to raise money by imposing a tax of $20 on foreign travellers, that angered residents but also hurt trade with Libya. This caused protests, caused officers to react with physical abuse.
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Tunisia reopens crossing point on border with Libya Anadolu Agency - 1 views
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Earlier this month, the residents of Ben Gardane declared a strike that led to the closure of the border crossing to demand lifting a 30 dinar tax imposed on foreigners crossing into Tunisia from Libya. Saturday Libyan vehicles crossed into Tunisia's border for the first time after the three week protest. According to the Tunisian security officials the protest was ended "swiftly" and "peacefully".
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We Were Born From the Womb of the Revolution - 0 views
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This article describes the position and demands of the Socialist Popular Alliance Party of Egypt. The relationship of the youth protesters with the Egyptian Left was solidified when the Left provided the youth with the political power to make their revolution successful. The Socialist Popular Alliance demands a new constitution and a new government structure that is based on democracy, human rights, and freedoms. Their political position and ideal social structure are very similar to typical American ideals, especially those of the American left political parties. However, the Public Alliance seems very angered over Mubarak's previous friendly relations with Israel. This population feels as though they were forced to abandon the Arab people and support Israel instead of Palestine. This is interesting because Egypt's relations with Israel has garnered tremendous political and economic support from the United States. Having an Arab ally has been an advantageous point of negotiation for Israel and the US. With the Popular Alliance in severe opposition to this position of Israeli sympathy, it is a surprise that they seem to embrace "Americanized" ideas. In addition, it is worth noting that the youth finds a great identity with the Arab culture, although not so much with a specific religion.