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International Monetary Fund Article IV mission assesses UAE economy

The Article IV mission of the International Monetary Fund (IMF) presented its valuation of the economic and financial performance of the UAE at a meeting with the Ministry of Finance to review the ministry's policies that boost the national economy. The IMF report noted the country’s ability to develop growth equal to twice the economic expansion of the eurozone. Read More »

As declining oil prices threaten GCC, IMF suggests growth in other areas

Declining oil prices continue to cause financial hardship and lack of liquidity for Gulf Cooperation Council countries, though data from the International Monetary Fund says there is room for growth in the region. The six GCC countries are facing slowed fiscal growth as well. The IMF's Adnan Mazarei told Gulf News Journal that growth in the private-sector will become key in job creation. Read More »

IMF forecasters say recovering gas, oil prices will help Kuwait's economy in 2016

Kuwait has suffered in the wake of falling oil prices, but is capable of recovering from a period of slow growth, the executive board of the International Monetary Fund said. The executive board said a Nov. 25 Article IV discussion with Kuwait and IMF staff showed that recovery is possible with significant financial buffers as well as a good amount of open borrowing power. Read More »

Qatar Exchange welcomes World Federation of Exchanges General Assembly

The Qatar Exchange hosted the 55th World Federation of Exchanges General Assembly and Annual Meeting last week. Doha Bank CEO Rahavan Seetharaman was among the panelists who spoke on a panel addressing "Opening the Middle East Markets – The Shape of Things to Come." He presented a broad outlook for the global economy and said he expects the GCC's market reforms to shape up. Read More »

Bahrain's Finance Minister calls for more development help from World Bank

Bahrain’s Minister of Finance Ahmed bin Mohammed Al Khalifa recently called for faster implementation of development goals at Development Committee meetings held during the annual International Monetary Fund (IMF) and World Bank gatherings. In his statement to the Development Committee, the Al Khalifa called for accelerated realization of the Post-2015 Development Agenda. Read More »