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The IMF downgrades growth projection for the UAE in 2024, but remains upbeat
Non-oil sector growth, government reforms, increased public spending, and a hike in oil production will support growth
IMF lowers MENA growth forecast amid regional conflicts and oil cuts
The IMF revised its growth forecast for the region downward to 2.1% this year, and 4% in 2025
THIS MORNING: Masdar vies for Saudi solar projects + Biometric payments coming to gov’t service centers
Plus: Dubai’s aviation sector will contribute to 32% of the GDP by 2030 -report
THIS MORNING: Mubadala is close to acquiring a stake in healthtech firm Zelis + Abu Dhabi to hike film rebates at the start of 2025
Plus: Masdar sets its eyes on the US, Europe, Asia, and the Middle East as it looks to boost capacity…
Global debt outlook “worse than expected,” IMF says
Public debts are expected to exceed 100% of global GDP by 2030
Everything you need to know about the IMF’s latest World Economic Outlook update
The Fund maintained its 2024 global growth outlook at 3.2%
The IMF now sees the economy growing 4% this year
The fund had previously penciled in 3.5% growth
Sultan of Oman arrives in the UAE, as the two countries ink MoUs to boost ties
PLUS: The UAE rejected claims of supporting the RSP
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