Tag: IMF
Saudi Fund for Development and World Bank Group ink MoU
The Saudi Fund for Development (SFD) has signed a Memorandum of Understanding (MoU) with the World Bank Group to strengthen international development cooperation and...
IMF establishes its regional office in Saudi Arabia
The International Monetary Fund (IMF) has launched a regional office in Riyadh, becoming the Fund’s first office in the Middle East and North Africa...
Oman’s economic recovery gains traction: IMF
According to the global financial agency, the International Monetary Fund (IMF), the resurgence of the hydrocarbon industry and the easing of COVID-19 social constraints...
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...
