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DUBAI: The International Monetary Fund on 19.07.2016 raised its 2016 growth forecast for the Middle East and North Africa after a rebound in oil prices, but maintained its cautious outlook for Saudi Arabia. The region, along with Afghanistan and Pakistan, is set to see economic growth...

The UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer, has stated that the UAE will implement VAT at the rate of 5% on 1 January 2018. The minister was speaking in Dubai on 24 February after a joint press conference with...

High-income households and corporations now face lower effective rates in some advanced economies, and this has contributed to an increase in net income inequality, according to a new International Monetary Fund report, entitled Causes and Consequences of Income Inequality: A Global Perspective. The report says that when...

Alongside its approval of a USD940m loan for the country, the International Monetary Fund has called on Ghana to implement key tax reforms. According to the Fund, the Ghanaian Government is already taking adjustment measures necessary to help offset lower-than-budgeted oil revenue, but it said that...

WASHINGTON: The world’s growth potential took a big hit after the 2007-2009 financial crisis and is likely to lag for years, implying that interest rates should likely stay low for quite a while, the International Monetary Fund said in a study on Tuesday. Potential growth, which...

The leader of a recent International Monetary Fund (IMF) mission to Zambia has welcomed President Edgar Lungu's call for a review of the country's mining tax regime. IMF mission leader Tsidi Tsikata said: "The mission welcomes the recent easing of documentation requirements for value-added tax (VAT)...