Middle-east Arab News Opinion | Asharq Al-awsat

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International Monetary Fund’s Logo

Martin Sommer: We Have Noticed Swift Pace in Saudi Reforms

by Heba El Koudsy | Jun 9, 2016 | Interviews

Washington-International Monetary Fund official Martin Sommer said “we have to cope with low oil prices for a period of time as it requires reforms in the structure, finance, and monetary sectors in order to face the challenges coinciding with the drop in growth rates...

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A worker at an oil field in Iraq. Reuters

Iraq Gets Initial Approval for Islamic Development Bank Loans

by Asharq Al-Awsat English | May 26, 2016 | Business

The Islamic Development Bank has given its initial agreement to provide $3 billion in easy loans and grants to cash-strapped Iraq after a similar measure was announced by the International Monetary Fund this month. The Islamic bank’s loan is aimed at helping Iraq cope...

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International Monetary FundReuters

IMF Backs Saudi ‘Vision 2030’ Plan

by Asharq Al-Awsat English | May 19, 2016 | Business

The International Monetary Fund supported on Thursday Riyadh’s sweeping economic reform plan as announced in “Vision 2030” to reduce the kingdom’s dependence on oil exports. Late last month, Deputy Crown Prince Mohammed bin Salman announced the steps would...

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International Monetary Fund Managing Director Christine Lagarde, speaks during a news conference. Associated Press

IMF: London’s Status as Financial Hub under Threat in Case of Brexit

by Asharq Al-Awsat English | May 13, 2016 | Business

London’s status as a global financial center could be eroded should Britain vote to leave the European Union, International Monetary Fund chief Christine Lagarde warned Friday, saying the impact would range from “pretty bad to very, very bad.” The global...

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Algerian President Abdulaziz Bouteflika

Algerian Opposition Prepares Protests to Force Government End Vacancy

by Asharq Al-Awsat | Apr 27, 2016 | Middle East

Algeria-Former Algerian Prime Minister Ali Benflis said that he suggests, in the name of the opposition, unanimous political dialogue and an open democratic prospect as a way out of the unbearable regime crisis. The opposition is planning to organize massive protests...