Investors treat a company's shares differently depending on the specific types of Islamic bond it issues and the reputation of the Islamic scholars who oversee the instruments, a study by the International Monetary Fund found.
Yemen has reached agreement with the International Monetary Fund on a $560 million loan, the finance minister said on Friday, after the government cut fuel subsidies and ordered curbs on public spending.
The second poorest Arab country
The International Monetary Fund said on Monday it will provide Morocco a $5 billion credit line to help the North African country pursue a reform agenda to achieve rapid and more inclusive economic growth.
Morocco's central ba
Saudi Arabia's economy is likely to grow 4.6 percent this year, more than previously estimated, helped by a robust performance of the private sector, the International Monetary Fund said.
"Private sector growth is expecte
Dubai's ability to finance its debts has improved because of stronger economic growth and more conservative spending, but the emirate would still be vulnerable in a major dowturn of the global economy, the International Monetary Fund said.
The UAE is likely to cut its fiscal spending further in 2014 as the oil and real estate-powered economy is growing strongly and private credit growth is recovering, the IMF said.
"The combined federal and emirate budgets impl
The strengthening real estate cycle in the UAE, particularly in the Dubai residential market, could attract increased -- and potentially destabilising -- speculative demand, spurring the risk of unsustainable price dynamics and an eventual corre
Kuwait's finance minister has warned that the country will face a certain budget deficit because growth in spending has outpaced a rise in public revenues.
"A budget deficit is inevitable... as the average annual growth i
Oman's public investment program is expected to help maintain the Sultanante's non-hydrocarbon growth at around 5 per cent over the medium term, an IMF statement said.
The statement followed a visit by an Internation
Yemen has a more urgent need for financial aid in 2014 than last year to fund its budget spending as currency reserves shrink and donor aid is slow to arrive, a senior International Monetary Fund official said.
The impoverished Ar