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Saudi Arabia to grow stronger in non-oil sector this year; Finance...

Saudi Arabia’s Minister of Finance Mr. Mohammed Al-Jadaan has stated that he is expecting stronger-than-expected growth this year in the non-oil sector underpinned by...

IMF proposes $50bn trust fund to back low & mid-income countries

As the COVID-19 pandemic is exerting high pressure on the global economy, the International Monetary Fund (IMF) has proposed a $50 billion trust fund...

Saudi ranked 2nd for robust economic growth among G20 countries

Saudi Arabia has been ranked second among G20 countries for its promising economic performance in the third quarter of 2021 with quarterly growth of...

Kuwait’s outward direct investments surpassed FDIs in 2021; IMF

The total foreign direct investments in Kuwait amounted to $14.56 billion at the end of last year, and the direct investments outward from Kuwait...

IMF extends its emergency funding by 18 months due to COVID-19

The International Monetary Fund (IMF) has extended its flexible access to emergency funding for an additional 18 months to help countries that are severely...

Refined policy frameworks are critical for MENA’s recovery; IMF experts

The International Monetary Fund (IMF) has organized an expert discussion on the state of recovery in the Middle East and North Africa (MENA) area,...

IMF urges for urgent action plans to restore global economy

The International Monetary Fund (IMF) has pointed out that urgent policy action is required to control the COVID-19 pandemic, limit economic scarring and transform...

IMF warns against “cryptoization” risk to financial stability

The arrival of digital currencies in emerging markets could spark "cryptoization" of local economies, eroding the exchange and capital controls and upsetting financial stability,...
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