Abu Dhabi and Dubai economic forecasts a sign of strong non-oil growth in the UAE said IMF
International Monetary Fund
Latest in International Monetary Fund
Donald Trump
IMF cuts global growth forecast as Trump tariffs create ‘major negative shock’
Global economic growth slashed to 2.8% as Trump’s tariffs create “major negative shock,” with US recession risk rising to 40% and forecasts for both US and China hit hardest
financial crisis
Lebanon minister pledges full depositor payment in economic recovery plan: Report
The commitment to depositors is part of an attempt to break a stalemate on reforms, which are needed to unlock fresh funds from the IMF
Donald Trump
WTO, IMF warn of global economic damage from Trump’s tariffs
The IMF plans to share a detailed assessment of the tariffs’ impact later this month
climate change
IMF approves $2.5bn in funding for Egypt, backs climate finance initiative
Fund cites “mixed progress” on reforms as Egypt faces Red Sea disruptions costing $6bn in Suez Canal revenue while struggling with high debt and fiscal challenges
IMF
UAE economy to grow 4% this year: IMF
The International Monetary Fund puts UAE economic growth at around 4 per cent this year
Central Bank of Egypt
Egypt to receive $1.2bn IMF aid in January, says finance minister
Last month, the IMF said it reached a staff-level agreement with Egypt on the fourth review of the 46-month Extended Fund Facility arrangement
Central Bank of Egypt
Egypt secures IMF staff-level approval for $1.2bn funding in fourth review
The agreement includes recalibrating Egypt’s fiscal commitments to create space for critical social programmes benefiting vulnerable groups and the middle class, while ensuring debt sustainability
IMF
Saudi Arabia’s GDP growth revised down to 1.5% by IMF for 2024
The Fund, however, estimated the Kingdom’s GDP growth to accelerate to 4.6% next year
global economy
World’s $100tn fiscal time bomb keeps ticking, cautions IMF
The warning note comes as ministers and central bankers gather in the US capital city for the IMF’s annual meeting, commencing on Monday
Abu Dhabi
UAE plays critical role in Egypt economic turnaround with $35bn investment: Report
ADQ’s $35 billion investment in Ras El Hekma development singled out as the turning point in the fiscal fortunes of the country