The International Monetary Fund (IMF) has increased Saudi Arabia’s growth forecast for 2025 to 3.5%. This adjustment is driven by government initiatives and changes in the country’s oil production strategy. Saudi Arabia is actively pursuing growth through various government-led projects and a strategic easing of OPEC+ oil production cuts. Despite facing challenges such as lower...
The International Monetary Fund (IMF) has disbursed $834 million to Jordan in two tranches to aid the country’s economic initiatives. This funding includes an immediate access of $134 million following the completion of the third review of Jordan’s External Fund Facility (EFF), which supports Amman’s economic program. Additionally, the IMF approved an extra $700 million...
The International Monetary Fund (IMF) forecasts that Abu Dhabi’s economy will grow by 4.2% in 2025, with further acceleration to 5.8% expected in 2026. Meanwhile, Dubai’s economy is projected to expand by 3.3% in 2025, increasing slightly to 3.5% in 2026. Jihad Azour, the Director of the Middle East and Central Asia Department at the...
The UAE will participate in the Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) 2025, scheduled from April 21 to 26 in Washington, D.C. The delegation will be led by Mohamed bin Hadi Al Hussaini, the Minister of State for Financial Affairs, and will include representatives from the Ministry...
Egypt may soon receive additional funding from the International Monetary Fund (IMF), according to spokesperson Julie Kozack. The IMF is currently reviewing a new financing program, which could help the country manage its rising economic challenges. Cairo is already benefiting from an $8 billion financing agreement with the IMF, which was expanded in 2022 to...
The International Monetary Fund (IMF) has projected strong economic growth for the UAE, forecasting a 4% increase in 2025 despite reduced oil production under OPEC+ agreements. In a recent statement following its staff visit, the IMF highlighted the UAE’s focus on non-hydrocarbon sectors, which are thriving thanks to tourism, construction, and public spending. Financial services...