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Category Archives: MENA

IMF: MENA Region Recovering with 4.5% Growth in 2010

The Middle East and North Africa region is growing out of its downturn at a good speed. Economic prospects across the region are quite diverse, shaped by different constellations of underlying forces, stated the International Monetary Fund (IMF) in its latest report “World Economic Outlook”.
There are several factors moulding the shape of the MENA region’s [...]

Dubai debacle stops bull run in its tracks

Global stock markets plunged last week as investors feared a dangerous new phase in the economic crisis after Dubai asked to suspend debt repayments.
The Dubai government’s investment vehicle, Dubai World, sought late on Wednesday to shelve its obligations for six months. It had $59 billion (£36 billion) of liabilities at the end of August, most [...]

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