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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.
  • Trump tariffs have increased financial stability risks: IMF report

    The IMF's Global Financial Stability Report (GFSR) was published as world financial leaders gather for meetings in Washington under the cloud of policy uncertainty triggered by Trump's tariff announcements. The administration's tariff plans "triggered a bout of policy uncertainty," which was only exacerbated by the retaliatory measures unveiled by China,...
  • A lot is at stake for poor in Tunisia

    The country's economy is witnessing deterioration as sources of income decline, unemployment rises to 18 percent and rising debt necessitates a loan from the IMF.
  • Iraq looks up to IMF for $4bn loan

    Iraq is confident about securing a $4 billion dollar loan from the International Monetary Fund (IMF) after it restarted talks with the world’s top lending institution.
  • Rich-poor gap widening due to unequal vaccine access: IMF

    Advanced nations have vaccinated nearly 40 percent of the population, compared to barely 11 percent in emerging markets and a tiny fraction in low-income countries
  • Egypt’s economy to grow 5.2 percent in current fiscal: IMF

    Egypt’s economy is expected to grow 5.2 percent during the current fiscal, compared to a projected growth rate of 2.8% in the last financial year, the the International Monetary Fund has pointed out.
  • Continued donor support to Jordan critical for reform: IMF

    King Abdullah II of Jordan and the IMF official discuss global and regional developments and the efforts of the Kingdom to achieve job-rich inclusive growth.
  • G20 ministers set to green light global tax reform

    Finance ministers from the G20 richest nations are expected to give the green light Saturday to a historic deal to tax multinational companies more fairly.
  • Egypt economy to grow 5.2% in 2021-22

    The IMF has completed the second review of Egypt’s economic reform program allowing the authorities to draw about $1.7 billion The IMF also commended Egypt’s strong performance under the Stand-by Arrangement Egypt’s economic growth is expected to rebound strongly to 5.2 percent in 2021-22, the International Monetary Fund (IMF) said...
  • IMF’s Mideast chief calls for reform program in Lebanon

    He pleaded with the international community to help in the effort The IMF’s dialogue with the Mediterranean country has been on hold since its government resigned last August International Monetary Fund head for Mideast has called for a comprehensive reform program that requires what he considers to be a “different...
  • $50-billion global plan mooted to deal with pandemic, drive recovery

      $50 billion needed to enhance manufacturing capacity, supply, trade flows, and delivery Governments urged to act or risk continued waves, explosive outbreaks of COVID-19 The heads of the world’s predominant global financing, health and trade agencies have united to urge government leaders to urgently finance a new $50 billion...
  • IMF moots coverage of climate change in assessment reports

    Action on climate change forms a part of the IMF’s 2021 Comprehensive Surveillance Review A few Directors underline need to account for past emissions, energy needs of developing countries The International Monetary Fund has proposed the coverage of climate change in its assessment reports of the countries, more so, for...
  • Some MENA economies see turnaround, others may take time to recover: IMF

    Oil-producing countries will post positive growth, while economies dependent on tourism will struggle to stay afloat  IMF report says curbing the coronavirus and rolling out vaccination could uplift the economies The International Monetary Fund (IMF) has forecast a turnaround for some economies in the Middle East and North Africa (MENA)...
  • French PM pledges to help Tunisia reform

    French Prime Minister Jean Castex calls reforms in Tunisia important for relations between two countries
  • Is Algeria on right track to end its fiscal woes?

    Algeria continues to face important challenges posed by the fall in oil prices four years ago. Despite a sizeable fiscal consolidation in 2017, the fiscal and current account deficits remain large. Real Gross Domestic Product (GDP) growth slowed sharply, mainly driven by a contraction in hydrocarbon production, although growth in...
  • Tunisian economy improves for first time since 2014, but bold challenges remain

    The Tunisian economy has showed signs of recovery in the first quarter of 2018, with the highest growth since 2014 supported by agriculture and exports. Besides due to the more flexible exchange rates, the current account deficit has also improved to some extent. However, at the same time, risks to...