We Need to Grow Up
June 23, 2016
As if we were children. That's how we're being talked to. We're being scolded – told that what we're doing is not working, instructed on what we should be doing differently if we want to be successful.
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International Monetary Fund Article IV mission assesses UAE economy
May 10, 2016
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.
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Refugee crisis constricts economies in Middle East, North Africa
January 1, 2016
Economies in the Middle East and North Africa continue to atrophy as conflict in the region intensifies and oil prices sharply decrease.
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As declining oil prices threaten GCC, IMF suggests growth in other areas
December 31, 2015
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.
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IMF forecasters say recovering gas, oil prices will help Kuwait’s economy in 2016
December 3, 2015
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.
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Qatar Exchange welcomes World Federation of Exchanges General Assembly
October 25, 2015
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.
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Bahrain’s Finance Minister calls for more development help from World Bank
October 20, 2015
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.
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Sharjah links its financial systems with Emirates Gate of GFS Reports
August 28, 2015
The Ministry of Finance and the Central Finance Department of Sharjah announced Sharjah has linked its financial systems with the Emirates Gate of GFS Reports system. This connection will strengthen the team's technical and functional capabilities.
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Members of Oman’s export industry visit India
August 13, 2015
Fourteen high-profile Omani exporters recently participated in a four-day Ithraa-led trade delegation to Delhi and Mumbai, India. In New Delhi, the group took part in a business seminar and B2B meetings with Indian importers, agents and manufacturers.
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Region’s financial experts meet in Bahrain
April 28, 2015
Representatives from Regional Consultative Group for the Middle East and North Africa (RCG-MENA) and the Basel Committee on Banking Supervision, World Bank and International Monetary Fund recently met in Bahrain to review the Financial Stability Board's (FSB) work plan and policy priorities and discuss a variety of topics pertaining to the region’s economy.
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