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The IMFSaid Last Month That Growth in the Non-Oil Sector Was Expected to Accelerate as the Kingdom Moved Ahead With Economic Reforms. (Shutterstock)

September 18th, 2018 - 07:18 GMT

IMF Confident Saudi Can Meet 1.9 Percent GDP Forecast

Saudi Arabia’s economy can achieve an International Monetary Fund forecast of 1.9 percent gross domestic product growth this year, the central bank governor said on Sunday.

Automatic spending cuts could affect the US's military and humanitarian assistance to Jordan

February 18th, 2013 - 03:00 GMT

US aid to Jordan could face cuts

The Kuwait Foreign Petroleum Exploration Company (Kufpec) has chosen the banks to finance a loan $750 million loan agreement, according to reports

February 17th, 2013 - 11:22 GMT

Kuwaiti oil firm chooses banks for loans

German oil firm Wintershall has said it will remain in Libya, as it struggle to increase production

February 17th, 2013 - 08:58 GMT

German oil firm to remain in Libya

Members of the Libyan security forces and armed civilians monitor a check point at Martyrs square in Tripoli. (AFP PHOTO/MAHMUD TURKIA)

February 17th, 2013 - 07:47 GMT

Suspected foreign missionaries arrested in Libya's second city

Plans to allow foreign ownership of businesses in the UAE has hit the rocks after a government plan was rejected

February 14th, 2013 - 08:40 GMT

UAE foreign ownership plan hits the rocks

The shortages come at a time when the government is keen to reduce fuel subsidies

February 13th, 2013 - 11:05 GMT

Egypt struggles with fuel crisis

Iran is converting some of its higher-grade enriched uranium into reactor fuel.

February 12th, 2013 - 01:30 GMT

Iran to world: you can't hug your children with nuclear arms

CPR Secretary General Mohamed Abbou gestures during a press conference in Tunis on Monday (Photo courtesy of AFP / GIANLUIGI GUERCIA)

February 12th, 2013 - 08:30 GMT

Tunisia's CPR stays in government to give talks a chance

Sheikh Mohammed bin Rashid al-Maktoum

February 12th, 2013 - 05:05 GMT

Arab Spring happened because Arabs are so smart, says UAE PM

Hatay near the border between Turkey and Syria shows the scene after a car explosion. AFP PHOTO/IHLAS NEWS AGENCY TURKEY OUT

February 11th, 2013 - 04:39 GMT

Syria spillover kills at least 10 on the Turkish border

Investment Corporation of Dubai (ICD) is in talks over potential refinancing agreements, according to Reuters

February 11th, 2013 - 12:30 GMT

Refinancing talks on Dubai sovereign wealth fund

A U.S. Marine points a weapon at gunmen who are surrendering after a Marine patrol confiscated their weapons on December 21, 1992, near the Parliament building along Mogadishu's green line. (AFP)

February 11th, 2013 - 07:52 GMT

Lords of war: Arms trade networks in Yemen, Iran fueling Somalia conflict