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Sectarian violence could increase in Iraq after an attack by the Islamic State targeting Shias provoked revenge attacks against Sunni mosques. At the height of Iraq’s civil war, which began nearly a decade ago with the ousting of Saddam Hussein, Read more
The International Monetary Fund (IMF) has urged Oman to review its expenditure policies and introduce new taxesin order to reduce fiscal deficit as oil prices continue falling and reached below $40 per barrel for the first time in seven years. Read more
Another round of talks between Jordan and the International Monetary Fund (IMF) ended with hopes that an agreement could be reached by February with head of the IMF mission, Kristina Kostial, saying that it could be approved by the board Read more
Iraq’s Central Bank Governor Ali Moshen Ismail highlighted that the nation’s foreign currency reserves will surpass the forecasted $50 billion for 2015 by the International Monetary Fund (IMF) by $10 billion without going into details. In spite of the expected Read more
Jordan’s Minister of Industry, Trade and Supply Maha Ali told members of the Iraqi Business Council that Amman would help investors by removing all obstacles as she promotes the economic stimulus package designed to overcome the effects of the ongoing Read more
Tunisia’s central bank, for the first time since the end of the Ben Ali regime, has cut interest rate by 0.50% because inflation has dropped. It hopes that the decision will contribute to reviving economy and attracting foreign investment. A Read more
Iran is expected to play an important role in the economic growth of the Middle East and North Africa (MENA) with an increase in its oil exportation according to the semi-annual World Economic Outlook report released by the International Monetary Read more
Proposals made to Kuwait by the International Monetary Fund (IMF) to cut the 2015 budget deficit estimated at around $23.2 billion was not welcomed by the National Assembly because some of the proposed reforms will hurt the livelihood of the Read more
Riyadh has been signaled out by the International Monetary Fund (IMF) after consultations about the impact the low oil prices could have on its coffers, especially that almost half of the kingdom’s budget expenses are allocated to salaries, wages and Read more
The seventh and final review of Jordan’s economic program supported by a Stand-by Arrangement (SBA) has come to an end after the International Monetary Fund Executive Board concluded that the country was able to resist to “severe external shocks” with its reforms. Read more