Consumption of natural gas rebounded fast — driven by industrial production — boosting demand at a time when supplies were relatively low. Energy supply, however, apparently reacted slowly to price signals due to factors like labor shortages, maintenance backlogs, longer lead times for new projects, and lackluster interest from investors...

An unemployment rate of more than 11 percent and the crisis impact on entrepreneurs and startups major concerns in the region, says IMF chief.

Governments should avoid using general subsidies as a way to soften the blow from recent high energy prices, said Paulo Medas from the IMF's Fiscal Affairs Department. Broad subsidies are expensive, so policymakers instead should use targeted aid to help low-income families, he added.

The IMF noted that emerging variants of the novel coronavirus have made policy choices more difficult, with limited room to maneuver.

A Swiss newspaper claimed Riad Salameh struck out 14 pages of a 2016 IMF report that warned of economic crisis in Lebanon.

The country no longer has the money needed to support its economy, says the new Prime Minister Najib Mikati said in a TV interview.

The non-oil revenues of Saudi Arabia have increased to US$31 billion in Q2 2021 as against US$10.1 billion in Q2 2020.

The UN leaders released a joint statement in which they condemned what they called the ‘crisis of vaccine inequity,’ among countries.

The Egyptian president also said the country’s economy was better equipped to meet the aspirations of the Egyptian people.

The program, which had already been approved by the IMF's executive board in mid-July, will be implemented on August 23

Strict restrictions and intensive vaccination drive help the region deal with the pandemic Massive drop in global oil demand and continuous closures in various sectors affect the GCC economies By imposing strict restrictions on its citizens and reaching advanced stages in vaccination campaigns, the GCC proved to be one of...

Tunisia is struggling to pay off its debts and balance its budget The country is in discussions with the IMF for a new multi-year loan    The governor of the Tunisian Central Bank Marouane Abassi on Friday made an impassioned appeal to the country’s parliament to back his proposal to...