The UAE’s economic growth is set to lead the Gulf Cooperation Council (GCC) by 2025, primarily driven by its non-oil sector, as projected by the International Monetary Fund (IMF). Speaking at a recent conference on the Middle East and Central Asia’s economic outlook, IMF representatives noted the UAE’s non-oil sector is expected to grow by […]
IMF Recognizes Saudi Arabia’s Surpassing of Vision 2030 Tourism Target, Boosting Economic Growth. Riyadh, Saudi Arabia: The International Monetary Fund (IMF) has highlighted Saudi Arabia’s tourism sector as a major contributor to its economic diversification in its 2024 Article IV Consultation report. The report acknowledges Saudi Arabia’s success in surpassing the Vision 2030 target of […]
Washington: The International Monetary Fund (IMF) forecasts a 4 percent growth in the UAE’s real gross domestic product (GDP) for 2024. In a statement released today, following the completion of consultations under Article IV by a team of its experts visiting the UAE, the IMF remarked that the country’s economic growth is widespread, propelled by […]
Zurich: During a conference in Zurich, Christine Lagarde, Managing Director of the International Monetary Fund (IMF), forecasted that artificial intelligence (AI) would influence 60% of jobs in advanced economies and 40% globally within two years. Lagarde noted that while effectively managed, AI could substantially boost productivity, its unchecked proliferation could exacerbate misinformation and social inequality. […]
Riyadh: The International Monetary Fund (IMF) has inaugurated a regional office in Riyadh, becoming IMF’s first office in the Middle East and North Africa region. According to the Saudi Press Agency (SPA), the office was launched during the Joint Regional Conference on Industrial Policy for Diversification, jointly organised by the IMF and the Saudi Ministry […]
Dubai: Jihad Azour, IMF’s Middle East and Central Asia Director, praised UAE for its economic strength and resilience at the World Governments Summit. He noted UAE’s growth rate surpassing 4%, attributing it to a robust non-oil sector and diversification efforts, bolstering the private sector. Azour emphasized the importance of the summit, highlighting IMF’s collaboration, including […]
Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met with Her Excellency Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) on Sunday, ahead of the World Governments Summit 2024 (WGS), which kicks of tomorrow (Monday), in Dubai under the theme […]
GENEVA / WASHINGTON: At its third meeting, the Multilateral Leaders Taskforce on COVID-19 (MLT) the heads of the International Monetary Fund, World Bank Group, World Health Organization, and World Trade Organization met with the leaders of the African Vaccine Acquisition Trust (AVAT), Africa CDC, Gavi, and UNICEF to tackle obstacles to rapidly scale-up vaccines in […]
