Tuesday 24 January 2017
 
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Low oil slows Kuwait’s non-oil expansion: IMF

Economic activity in Kuwait’s non-oil sector continued to expand in 2016, albeit at a slower pace, reflecting the impact of lower oil prices, said an IMF report. Non-hydrocarbon growth slowed from 5 per cent to an estimated

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Low oil slows Kuwait’s non-oil expansion: IMF

Economic activity in Kuwait’s non-oil sector continued to expand in 2016, albeit at a slower pace, reflecting the impact of lower oil prices, said an IMF report. Non-hydrocarbon growth slowed from 5 per cent to an estimated

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Saudi growth to decline this year: IMF report

Saudi Arabia is expected to see a decline in growth to 0.4 per cent in 2017, compared with a growth of 1.4 per cent in 2016, an IMF report said. The kingdom is expected to grow at 2.3 per cent in 2018. The Middle East, North Afric

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Global economic growth gathers pace: IMF

The global economic landscape has started to shift in the second half of 2016 and developments since last summer indicate greater growth momentum coming into the new year in a number of important economies, the IMF said. "Our

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Former Lebanese minister get key IMF role

International Monetary Fund (IMF) has appointed Jihad Azour, former finance minister of Lebanon, as the new director of the Middle East and Central Asia Department. He will replace Masood Ahmed who left the Fund in October. A dual natio

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Egypt wins final IMF nod for $12bn loan

The International Monetary Fund (IMF) has approved a three-year extended arrangement under the Extended Fund Facility (EFF) for Egypt for about $12 billion to support the authorities’ economic reform programme. The EFF-suppo

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GCC non-oil growth to increase next year: IMF

Economic activity in the GCC region is projected to slow this year despite continued expansion in hydrocarbon output. However, non-oil growth could marginally increase next year, said an IMF report on regional economic outlook. Th

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IMF warns on record $152 trillion global debt

Global debt, currently at an all-time high of $152 trillion, could thwart the fragile economic recovery, the IMF warned on Wednesday, highlighting that reducing debt significantly will require fiscal policies that support economic activity.

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Iran economic growth ‘substantial’ in 2016-17: IMF

Economic conditions in Iran are improving substantially in 2016-17, said the International Monetary Fund (IMF) in a concluding statement of its staff visit to the Islamic Republic. Real GDP rebounded strongly over the first half o

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Euromoney Egypt to discuss IMF agreement

Government ministers will discuss Egypt’s agreement with IMF, its impact on the country’s financial future and what it will mean for the average Egyptian at the upcoming Euromoney Egypt Conference in Cairo. The 21st edition

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