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The UAE federal government disclosed Tuesday next year budget with keen attention put on social development and benefit as the country embarks on the promotion of social growth. Out of $13.9 billion planned for 2018, 43 per cent of the Read more
The International Monetary Fund (IMF) Monday predicted a 3.4 per cent economic growth for the United Arab Emirates in 2018 with Dubai’s and Abu Dhabi’s non-oil sectors to be major boosters. The new forecast shows a steady growth of Emirati Read more
Government will create 25,000 for citizens in a move to numb social unrest that silently brews in the Sultanate, reports say. The Gulf country even though spared by 2011 Arab spring that swept through the Arab region, has been rocked Read more
Saudi authorities will by November scale up petrol and jet fuel prices, two years after removing government subsidies on price of fuel for cars and other vehicles. The decision will mean increase by 80 per cent of octane 91, from Read more
Fuel and energy prices in Egypt have increased significantly on Thursday as the country deals with its economic and financial crisis triggered by the mass protests that brought an end to the government of Hosni Mubarak and a coup d’état Read more
At the end of consultations with Bahraini authorities, the International Monetary Fund (IMF) has stated that “a sizeable fiscal adjustment is urgently needed to restore fiscal sustainability, reduce vulnerabilities, and boost investor and consumer confidence.” The warning comes as Manama Read more
A statement released by an International Monetary Fund (IMF) mission to Qatar has outlined that the country is “effectively adjusting to the new reality of sustained lower energy prices” by implementing “adequate” policies to ease the pressure on the fiscal Read more
Five political parties, four NGOs and tens of union leaders and public figures have petitioned President al-Sisi not to approve the three-year $12 billon loan agreement with the International Monetary Fund (IMF) deeming the deal will lead the “miserable” economic Read more
Egypt and the International Monetary Fund (IMF) have reached an agreement for the three-year $12 billion loan needed by Cairo to support its reform program. The head of the IMF delegation Chris Jarvis said the country has a “great potential Read more
The International Monetary Fund has commended the reforms carried out successfully by Morocco, saying the North African Kingdom has implemented challenging reforms such as modernizing the budget framework, enacting energy subsidy reforms, strengthening the domestic financial sector, and most recently Read more