The International Monetary Fund (IMF) has raised its economic growth forecast for the Middle East and North Africa this year, despite a gloomy global prediction. The regional economy is now expected to grow by 3.4%, up from 3.1% in April. Globally, growth is forecast at 3.1%, compared to 3.2% three months ago. IMF largely blames the negative outlook on Brexit, saying the financial and oil markets started recovering earlier this year, under the assumption that the UK would remain in the EU.
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Gulfood Manufacturing brings global industry leaders to Dubai
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ADNOC Gas signs five-year LNG supply agreement with TotalEnergies
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UAE stresses need for deeper economic cooperation with OIC states
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North Korea says US allegations linking it to Binance heist are 'absurd rhetoric'
North Korea on Tuesday dismissed as "absurd rhetoric" US allegations that it was behind a $6 billion cryptocurrency heist on the Binance platform, saying they proved Washington remained hostile towards it, state news agency KCNA said.
