Results for Tag: Empire
The Islamic State sustains itself by using diverse and sophisticated financing strategies. IS was able to develop a qualitative economic system that relies on diverse sources of income and significantly minimize its reliance on foreign donations that even the mother organization of Al-Qa’ida used to rely on.
Egypt is working hard to clamp down on the black market, in an attempt to contain its dollar crisis. Since the revolution in 2011 and subsequent political unrest foreign currency reserves of the Central Bank of Egypt have dwindled, from $35bn to $15.5bn this August. In August 2016 Egypt’s budget deficit stands at 12% of GDP, its trade deficit at 7% and the official unemployment rate is 13%.
Tourism is an important but underexploited contributor to Palestinian GDP. Since the establishment of the Palestinian National Authority (PNA) in 1994, more attention has been given to the sector, with the Ministry of Tourism and Antiquities dedicated to promoting tourism and maintaining archeological sites.