IMF April WEO update

Global growth to fall from last year: IMF

The latest IMF World Economic Outlook update found that recession concerns have gained prominence, while worries about stubbornly high inflation persist

Emirates NBD arranges Egypt sukuk

Emirates NBD arranges Egypt’s $1.5bn sukuk

Emirates NBD said that the sukuk received strong appetite from regional and global emerging market investors

Saudi Arabia

Saudi Arabia’s economy grows by 8.7% in 2022

The kingdom’s real GDP grew by 5.4 per cent during the fourth quarter of 2022


UAE economy survived economic impact of Covid-19: IMF official

According to the latest IMF report, UAE GDP growth is projected to reach above 6 per cent in 2022, up from 3.8 per cent last year

US Federal Reserve

US Federal Reserve hike leads GCC to follow, but rate paths diverge again

Saudi Arabia, Bahrain and the UAE moved in lockstep with the US central bank, raising their benchmarks by 75 basis points

IMF cuts World GDP outlook a third time as inflation, rates jump

Global economic expansion will likely slow to 3.2 per cent this year, less than the 3.6 per cent forecast by the fund in April

IMF Sri Lanka

Sri Lanka talks to move quickly when new leaders set: IMF

The IMF signalled just days ago that higher authorities needed to be in place in Sri Lanka in order for restructuring talks to resume

Oil exporters bagging $818bn windfall are cautioned by IMF

The IMF said it expects the bonanza “to improve fiscal and external balances” in a region that includes 13 exporters in total

Getty Images

Lebanon strikes $3bn IMF deal in step to addressing crisis

The IMF loan will be disbursed over four years in return for the phased implementation of an economic recovery plan

UAE’s Gulf Capital accelerates investment pace in Egypt and Africa

Gulf Capital has already invested over $300m in Egypt in sectors such as technology, infrastructure, manufacturing, petrochemicals and healthcare

IMF upbeat about MENA growth, warns about uneven recovery

The fund raised its economic growth projection for MENA to 4.1 per cent this year from an earlier estimate of 4 per cent

Manama Bahrain

IMF says Bahrain needs ‘urgent fiscal adjustment’ after virus

The fund projects Bahrain’s economy will grow 3.3 per cent this year

GCC states, World Bank say ready to support Lebanon after blast

Offers for help flow from all over the world, GCC countries lead response

Egypt asks IMF for financial aid amid coronavirus fight

Egypt has reported 4,319 cases of the coronavirus, including 307 deaths

IMF Launches Consultations On Islamic Finance

The nine-member external advisory group includes industry bodies such as the Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions.

IMF To Cut Global Growth Forecast

The Eurozone debt crisis poses the biggest threat to the global economy, says IMF chief.

Saudi Is Spending More Than It Should – IMF

The Kingdom boosted spending to a record SAR804 billion in 2011, 23 per cent higher than in 2010.

Egypt Invites IMF Officials To Resume Loan Talks

A $3.2 billion loan from the International Monetary Fund will help Egypt handle a balance of payments crisis.