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.
Warren Buffett steps down as Berkshire chairman, son Howard succeeds
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75,000 tourists welcomed during Dubai summer campaign
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Arab Monetary Fund marks Golden Jubilee in Abu Dhabi
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Aster to invest in International Modern Hospital under AED1bn UAE expansion plan
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