International Monetary Fund
IMF Ready To Help Blast-hit Lebanon Once New Government In Place
Middle East Business News - Published date: .
Country is facing a severe economic crisis after a neglected warehouse full of fertiliser ignited in a cataclysmic blast... Read more
IMF Chief Warns Global Economic Crisis 'far From Over'
Middle East Business News - Published date: .
There are currently 128 coronavirus vaccines under development across the world Read more
Saudi Central Bank Chief Says No Time To Relax After Coronavirus Crisis
Middle East Business News - Published date: .
Ahmed Alkholifey, head of the Saudi Arabian Monetary Authority, says he is confident the country's economy will weather ... Read more
Oman Mulls VAT Move After January 2022 To Shore Up Finances
Middle East Business News - Published date: .
A joint committee of the State Council and Shura Council suggests time frame and sends draft law for approval to Sultan ... Read more
Lebanon's Economy Minister Confident Of International Bailout
Middle East Business News - Published date: .
Lebanon's economic unravelling is beginning to slip out of control as its currency declined Read more
Bahrain To Add $470m Into Budget To Address Covid-19 Economic Impact
Middle East Business News - Published date: .
Emergency funding has been announced by King Hamad bin Isa Al Khalifa Read more
Egypt's Expats Become Opportunity For $61bn Fund Manager
Middle East Business News - Published date: .
Azimut's Luxembourg-based fund will initially allocate $50 million between as many as 25 Cairo-traded stocks Read more
Saudi Central Banker Says 'too Early' To Call Recovery V-shaped
Middle East Business News - Published date: .
Ahmed Alkholifey said some foreign banks have delayed opening in the kingdom because of the virus Read more
Investment Opportunities Exist In Covid-19 Crisis, Insists Ithmar Capital Founder
Middle East Business News - Published date: .
Faisal Bin Juma Belhoul said the current economic turmoil is 'deja-vu' from time of financial crash Read more
Saudi Arabia Extends Some Stimulus Measures For Business
Middle East Business News - Published date: .
Among the initiatives extended is a pledge to cover 60% of some Saudi salaries in the private sector Read more
Dubai's Economy Declined By 3.5% In Q1 Amid Covid-19 Crisis
Middle East Business News - Published date: .
Real estate, finance, manufacturing and government sector all recorded growth despite global pandemic Read more
Dubai World Pays $8.2bn Early To Complete Debt Revamp
Middle East Business News - Published date: .
Payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World Ltd Read more
How Did Lebanon's Economy Reach The Brink Of Collapse And Can It Recover?
Middle East Business News - Published date: .
Lebanon had racked up a debt equivalent to 170% of its GDP by the end of 2019 Read more
Saudi Stocks Lead Gulf Bourses Down After Oil Slump
Middle East Business News - Published date: .
US crude prices made a partial recovery on Tuesday after trading at historic lows Read more
Bahrain Announces 30% Budget Cuts, Projects Rescheduled
Middle East Business News - Published date: .
It has also been agreed to reschedule a number of construction and other projects to meet emergency costs of curtailing ... Read more
Market Devouring Record Gulf Bonds Won't Touch Oman, Bahrain
Middle East Business News - Published date: .
Oman and Bahrain are all but shut out from bond funding, waiting for their yields to retreat before wading into the mark... Read more
ECB Chief Mario Draghi Hands Baton To Former IMF Head Christine Lagarde
Middle East Business News - Published date: .
Before Draghi has even left the bank's Frankfurt headquarters, attention is switching to Lagarde, a French former econom... Read more
IMF Board Approves $2bn Loan Instalment For Egypt
Middle East Business News - Published date: .
Latest instalment brings the total paid to Cairo to about $10 billion since the loan deal was signed in November 2016 Read more