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A privatization spree will be kicking off in Oman by next year after the warnings in June from the International Monetary Fund (IMF) to reduce state spending. The finances of the Sultanate face risks of unsustainability. The government has more Read more
Five key ministers belonging to the Istiqlal party have resigned from the government led by the head of the Islamist Justice and Development Party (PJD) Abdelilah Benkirane. King Mohammed IV appointed Benkirane as Prime Minister, after his party emerged as Read more
The Egyptian government is knocking on the door of the Arab Monetary Fund (AMF) for a lesser financial support to save its economy compared to the International Monetary Fund’s (IMF) loan. Finance Minister Morsy Hegaz said negotiations are going on Read more
According to the International Monetary Fund (IMF) estimates, presently the Kingdom of Saudi Arabia has a population of 28 million habitants. By 2020, this number is expected to increase by 32 % and reach 37 million. With a vast majority Read more
In a move to assure the stabilization of its economy, Iranians won’t be able to send gold and golden coins out of their boundaries from now. The government is trying to limit its flow out of the country as it Read more
Economic sanctions still continue to be directed towards Iran because of its refusal to halt its nuclear program. In a move to bring an end to such decisions, Iran has now threatened that it will keep its oil away from Read more
As Oman struggles to keep up the employment demands of its fast-growing population and the decline of foreign direct investment last year, the government has announced an investment plan of $450 million to extend its free trade zones across the Read more
In a move to manifest its solidarity in the revival of Egypt’s economy and its struggle to shake-off the effects of its post-revolution, Qatar has announced that it will deposit an amount of $2 billion at Egypt’s Central bank. The Read more
Morocco and Jordan have received over $ 8 billion financial assistance from the International Monetary Fund to help the two countries economies withstand the fallouts of the political turmoil and popular unrests rocking the MENA region. A $ 6.2 billion Read more
As Jordan continues to try to put its economy and political tension under control, it has come to a conclusion with the International Monetary Fund for a $2 billion loan. The rise in oil prices and the political tension has Read more