The International Monetary Fund said on Thursday Saudi Arabia’s economy is recovering well from the COVID-19 pandemic and the fund expected the non-oil economy to grow by 4.3 percent this year, with overall GDP growth seen at 2.4 percent. Real oil GDP is expected to shrink by 0.4 percent, the …
Read More »IMF: Mideast Loses $270B Oil Income amid Virus, Recession
The Middle East’s energy producers are expected to earn $270 billion less in oil revenue compared to last year as the region’s economic heavyweight, Saudi Arabia, sinks deeper into recession amid the coronavirus pandemic, according to the International Monetary Fund’s outlook released Monday. The international lender expects an overall economic …
Read More »Gulf Economies to Shrink 7.6% over Virus, Oil Slump
The Gulf states’ economies could contract by 7.6% this year in their deepest decline in decades, as the coronavirus and low oil prices take their toll, a top International Monetary Fund (IMF) official said on Tuesday, June 30. The new projection for the 6-nation Gulf Cooperation Council (GCC) is dramatically …
Read More »Iran to Experience 7% Inflation Decline in Ten Months
Iran’s economy will experience an inflation decline by approximately 7% in late March next year, according to an analytical report.
Read More »Tehran, Moscow Emphasize Strengthening Bilateral, Intl. Coop.
Iranian Ambassador to Russia Kazem Jalali and Russia’s Deputy Foreign Minister Sergey Ryabkov in a telephone conversation explored the avenues for bolstering regional and international cooperation.
Read More »Russia Slams US for Obstructing Iran’s Loan Request from IMF
Russia’s Deputy Foreign Minister Alexander Pankin on Monday lashed out at US’s attempt for obstructing a loan by the International Monetary Fund (IMF) to the Islamic Republic of Iran and Syria amid the pandemic.
Read More »Oil Producers Dig into Savings Amid Fiscal Deficits
Today many of the world’s major cities remain under lockdowns while their respective government is implementing work-from-home schemes.
Read More »EU Lambasts US Opposition of Iran’s Loan Request from IMF in Battling COVID-19
EU Foreign Policy Chied Josept Borrell expressed his deep regret over the US opposition of Iran’s loan request from the International Monetary Fund (IMF) in the fight against the novel coronavirus, COVID-19.
Read More »CBI Governor Warns of any Politicized Decision by IMF on Iran’s Loan
If impartiality of the International Monetary Fund (IMF) is damaged, mending it will be very difficult, said Abdolnaser Hemmati.
Read More »Iran’s Top Banker Tells IMF
Urged the International Monetary Fund (IMF) to resist US pressure and approve its application for financing to help curb the coronavirus pandemic.
Read More »