ArabianBusiness.com - Middle East Business News
Tuesday, 24 November 2009 02:14 UAE time

YOUR DIRECTORY /

International Monetary Fund (IMF)

Main Category: Other
City : Washington DC
Country : USA
Phone: 1 202 6237000
Fax: 1 202 6234661
Website: www.imf.org


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ALL STORIES LIST


G20 undervalues the power of the GCC says IMF chief

GCC should have bigger say at institutions such as the G20 argues IMF chief.

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GCC economic growth to slow to 0.7% in 2009

International Monetary Fund says rebound expected in 2010, on rising oil revenues.

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IMF sees Mideast improving but oil risk remains

International Monetary Fund says GCC banks could suffer if global recovery stalls.

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Saudi says IMF reforms should not be at its expense

Saudi backs plans to increase emerging nations' say in Int'l Monetary Fund.

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IMF slashes ME growth in latest forecast

Negative impact from decline in global trade greater than previously expected.

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Saudi finance dep't doubles approval rate for projects

Minister of finance reveals $10.83bn approved Q1, urges private sector input.

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Global hoteliers look to eastern markets

Hoteliers pin hopes on east's underserved leisure markets to offset falling revenues elsewhere. 

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Saudi, Kuwait, UAE face 2009 recession - IMF

International Monetary Fund slashes its growth forecast for Gulf countries.

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Stimulus schemes may hamper emerging economies

UAE bank chief warns emerging markets may be "crowded out" of debt markets. 

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Global economic crisis set to worsen

IMF report estimates up to 90 million people worldwide will suffer extreme poverty this year.

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Oil rises towards $50 as EU markets rally

Many traders expect a strengthening in oil supply and demand towards the end of the year.

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Mideast economies will not be spared – IMF report

Falling oil prices and deteriorating external financing conditions continue to take toll.

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Iraq eyes IMF loan

$7bn loan being considered as finance minister admits investment needed for oil, electricity, education and health sectors.

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Iraq to the future

The lid is about to be lifted on Iraq's vast reserve wealth. As the world waits in eager anticipation, Oil & Gas Middle East profiles the state of the industry, and takes a speculative look at what an oil rich nation can achieve by 2020.

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Heads of SWFs agree on better 'cooperation'

Kuwait meeting debates increase in political involvement in markets, post-crisis.

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UAE will contribute $700m to meet new IMF quota

Liquidity concerns will prevent UAE from lending extra funds, economists say. 

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IMF sees less Gulf spending if global crisis continues

Fund's Mideast director says economies could be hit if turmoil continues into 2010.

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Saudi Arabia has not made IMF aid proposal

Kingdom's finance minister asserts Saudi won't raise its contribution to IMF.

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Fresh energy crisis may be in the offing

UPDATE 1: Falling investment could mean surging energy prices when global economy recovers.

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IMF demands stifle Iraqi growth, says vice president

Demands that Iraq cut industrial subsidies in return for aid has also impacted employment.

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Dubai cancels 86% more residency visas - official figures

Number of visas being cancelled in Jan 2009 is 86% higher than Jan 2008.

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GCC growth to slow to 3.5% this year - IMF

Economic growth to slow and government revenues from oil to plunge, says IMF.

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Dubai issues more residency visas than it cancels - official

Chief government economist says a net positive of 1,000 visas are issued every day.  

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UAE growth will fall to 2.5% this year - economist

Economic growth will drop from 8% seen in 2008, says Dubai's chief economist.

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IMF sees Gulf inflation dropping to 6.3% in 2009

World economic body also sees sharp slowdown in region's economic growth.

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Is the pound going to collapse?

At the time of writing, one British pound cost 4.98 dirhams. This is the cheapest the pound has been against the dirham for 24 years.

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IMF sees 2009 Gulf Arab growth slowing to 5%

World economic body forecasts GCC growth dipping down from 6.8% in 2008.

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Gaza banks on verge of collapse

Israel's blockage of Hamas-run Gaza Strip creating cash shortage that could bring down banking system.

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Iceland’s financial crisis sends Viking descendants back to Norway for jobs

Almost 1200 years after a viking chief left Norway to found Reykjavik, Iceland's crisis is forcing his descendants home.

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Into the red

With peak oil but a distant memory, what does crude below $50 a barrel mean for economies in the Gulf?

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West shuns Doha meeting amid financial crisis

Western leaders and heads of IMF and World bank will not attend UN aid conference.

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Pakistan wins final approval for $7.6bn loan

Country will get access to $3.1bn immediately, rest phased in subject to quarterly review.

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Pakistan agrees on $7.6 bln IMF loan

UPDATE 2: Loan necessary to stave off balance of payments crisis and stabilise economy.

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Saudi still to decide on IMF funds offer

Kingdom will join calls for greater oversight of financial markets, says official ahead of G20 meeting.

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Preparations for monetary union

What can the GCC learn from the European experience of monetary union? Russell Krueger of the International Monetary Fund and Erwin Nierop from the European Central Bank offer an expert view.

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Is today the day to save the world?

Cash is king. England's cricketers have travelled west in search of it, Gordon Brown has travelled east.

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Oil recovers to $61, bouyed by weakening dollar

UPDATE 1: IMF readjusts forecast for 2009 growth amid global gloom.

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Saudi help 'will not solve Pakistan's cash crisis'

Country predicted to still need IMF aid even if Gulf state agrees to defer oil payments.

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Brown's Gulf trip for extra IMF funds splits opinion

Arabian Business poll reveals strong views for and against the British PM's tour of region.

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Brown: Gulf to announce IMF funds at G20 summit

British Prime Minister says he has had positive response from region's leaders.

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65% believe global crisis 'will continue through 2009'

Arabian Business poll reveals pessimistic view on rate of recovery for world economies.

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British PM poised for mini-tour of Gulf states

Gordon Brown in region to call on oil-rich nations to be major donors for IMF bailout scheme.

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Pakistan and IMF meet in Dubai to discuss bailout

Country seeks $4bn as foreign currency reserves and rupee plummet.

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Gulf growth expected to slow but still strong, says IMF

Global economic crisis will have some impact, says International Monetary Fund report.

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IMF warns of financial meltdown, Europe seeks unity

President Bush calls for patience, IMF's Strauss-Kahn says time is running out.

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IMF urges Qatar to extend anti-money laundering laws

Qatar committee chief vows to act 'swiftly and efficiently' to tackle problem.

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Worst of financial crisis still to come - IMF

More major financial institutions could still go way of Lehman Brothers in coming months.

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IMF urges rethink on Saudi's dollar peg

International Monetary Fund calls on government to change tactics if inflation rate continues.

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Sovereign funds code may not be ready by Oct - IMF

World's sovereign wealth funds may not agree to code of conduct as planned.

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IMF says voluntary code for sovereign funds by October

World's sovereign funds on track to agree on a code of conduct but rules won't be binding.

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Funds tight-lipped over code of conduct progress

Sovereign wealth funds giving little away as they meet with IMF to discuss code.

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Wealth funds to discuss 'code of ethics'

Sovereign wealth funds to meet in Singapore to discuss guidelines to allay West's fears.

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Russian roulette?

Russia's new found wealth has seen global investors looking to cash in on its property market.

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Sharm charm

George Bush set a conciliatory tone in Sharm El Sheikh, with assurances the US will continue to welcome foreign investment and trade.

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IMF warns Gulf of inflation threat

International Monetary Fund says in report rising prices region's most serious challenge in short-term.

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Experts to bring Euro perspective to Gulf

Key figures in European currency union to speak at event on GCC single currency.

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IMF, wealth funds to thrash out code of conduct

Working group of 25 state-backed funds established to draft best practice guidelines.

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Saving for a rainy day

As the markets continue to rollercoaster, which assets should you place your savings into?

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IEA slashes world oil demand forecast

Demand to rise much less than expected this year due to slower economic growth US, agency says.

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Kuwait questions wealth fund code

Code of conduct will not improve transparency and efficiency, Kuwait Investment Authority exec says.

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Gulf inflation risks accelerating to 8%

Inflation could rise from 7% last year, driven by food costs and public spending - International Monetary Fund.

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Qatar, UAE hardest hit as inflation outlook deteriorates

Overall inflation across GCC countries will outpace earlier forecasts - IMF.

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Paying the price

As Gulf policymakers find ways to curb rampant inflation, economists are warning against price controls.

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On tenterhooks

International anxiety has followed the American sub-prime crisis with fears of a domino effect around the world. Laura Collacott finds out if these fears are justified.

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On tenter hooks

International anxiety has followed the American sub-prime crisis with fears of a domino effect around the world. Laura Collacott finds out if these fears are justified.

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'Cut money supply,' IMF warns Gulf states

Strict fiscal policy is the only effective way to curb soaring inflation, official says.

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Information breakdown

Institutions in this part of the world are hindered in their ability to make informed decisions by lack of reliable data.

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IMF in support of Iraq’s growth

The IMF has an optimistic view of Iraq’s economic future and oil industry.

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Pegged off

Speculation is rife that a move towards the unpegging of the dirham from the dollar is imminent and research indicates that such a move would be welcomed. Diana Milne explains the impact of the dollar peg and explores the likelihood of it being removed.

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Qatar insists it will keep dollar peg

Central bank rejects IMF suggestion that severing the peg could be one way to fight inflation.

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Gulf VAT plans face setback

Disagreement over monetary union could mean further delays to introduction of value added tax.

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Purchasing power

The rise of sovereign wealth funds and how the balance of power in international markets is shifting.

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Turkish delight

Turkey's burgeoning real estate market is starting to attract international developers encouraged by changes in legislation.

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IMF supports dollar peg

The International Monetary Fund (IMF) has announced its support of the UAE's commitment to the dollar peg, backing the view of UAE senior officials who claim that financial losses and loss of economic credibility would follow a move to a basket of currencies.

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UAE non-energy revenue to double by 2012

Revenue could reach $49bn in five years as country sees returns on investment, IMF says.

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Threat of 'financial loss' keeps UAE pegged

UAE admits repegging of dirham will have a sizable financial cost to country, IMF reveals.

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IMF backs UAE tax plan

Preparations for the introduction of VAT across the UAE have been backed by the International Monetary Fund (IMF).

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Ready for another IPO frenzy?

Arabian Business asks the experts if the markets are poised for a resurrection.

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Can you afford it?

With the cost of living increasing all the time, how high a price are people paying to live in Dubai?

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Syria to drop dollar peg in July

Central bank says currency will shift to the IMF's Special Drawing Right.

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Bridging the gap: today’s Turkish construction industry is on a fast track

Being at the crossroads is a second nature for Turkey.

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Algeria is open for business

Lucie Mboto Fouda of the IMF on Algeria's promising future in the energy sector.

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Dubai rents among world's priciest

The emirate has been ranked the 14th most expensive city for tenants.

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Iran set to privatise banks

Finance minister says the country is looking to start privatisation of the state-dominated sector in a 'few months'.

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Jordan's Dead Sea comes to life

Jordan's Dead Sea coast has become a popular choice for conference organisers

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Lebanon: politics threatens reform

Government admits that the country's current political stalemate could jeopardise economic reforms.

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Reality check

Just how truly robust the real estate sector in the gulf is clearly evident on the astronomical projects currently at hand. Barry Mansfield looks on the future of real estate in the GCC region.

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Taxation closes in on the Gulf

The UAE is moving closer to the introduction of a value added tax (VAT), according to Mohsin Khan, Middle East and Central Asia director of the International Monetary Fund (IMF).

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VAT a dilemma

A GCC goods tax doesn't precursor a charge on income - but could hit inflation hard, says Ben Flanagan.

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Stagflation in the UAE

Gulf News says that the nation is being stalked by stagnation fears, but is the newspaper scare mongering?

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UAE nears introduction of VAT

IMF official says most Gulf countries are now looking at indirect taxation.

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Inflation could slow UAE growth

IMF official says inflation is becoming a major limiting factor.

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GCC and Maghreb on right track

IMF's review of Middle East and Central Asia economies praises the two areas' forward-thinking policies.

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IMF urges Kuwait not to revalue dinar currency

The IMF advises the country to stand firm against pressure and 'remain with the peg'.

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