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Countries should rely on digitalization to speed-up economic recovery: IMF

As the world struggles with COVID-19 and other restrictions driven by it, digitalization came to the rescue with business, education, entertainment and shopping taking...

“Keep spending on COVID-19 crisis:” IMF urges G20 economies

The International Monetary Fund (IMF), the global financial organization, warned Group of 20 (G20) major economies that the COVID-19 crisis is not over and...

Oman may tax rich from 2022 to tackle financial issues

Oman plans to take an extraordinary measure in the Gulf region, as part of a larger program to resolve a budget deficit that is...

Oman economy doing much better than IMF forecasts: IIF

US-based association for the global financial services industry, Institute of International Finance (IIF) said that Oman is making strong strides in fiscal consolidation and...

COVID-19 highlights need for faster economic diversification in MENA: IMF

According to International Monetary Fund (IMF), the COVID-19 crisis is a defining moment for the Middle East and North Africa (MENA), underpinning the need...

IMF Chief hails remarkable efforts of GCC govts in tackling COVID-19

In light of the COVID-19 pandemic, strong public health systems and timely fiscal and monetary intervention by Gulf governments and central banks have helped...

DP World reports 1.9% rise in shipping container volume in EMEA...

DP World, a Dubai-based global port operator is expected to deliver a "relatively stable" financial result in 2020 after announcing a 1.9 percent rise...

MENA region needs urgent action to tackle COVID-19; IMF

The International Monetary Fund (IMF) has urged energy-rich Middle East and North African (MENA) countries to expedite reforms and diversification efforts as they continue...
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