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Tag Archives: inflation

IMF warns Jordan about unemployment, electricity reform

Jordan must address high unemployment to deliver durable, jobs-rich and inclusive growth, said IMF Managing Director Kristalina Georgieva. The country also needs to advance electricity sector reforms, boost business competitiveness, and strengthen governance and transparency, she added. Georgieva said that timely and targeted fiscal measures have helped protect jobs, while …

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Syria: Small Steps towards Economic Recovery

By Areej Zaher*   The World Bank has reported that the Syrian conflict, till 2017, had disastrous effects on about a third of the residents and half of the medical and educational institutions, as a result of the collapse of vital economical systems. This caused the ending of 538 jobs …

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IMF Urges Egypt to Watch Inflation After New Subsidy Cuts

The International Monetary Fund urged Egypt to maintain a tight monetary policy as a new round of subsidy cuts rekindled inflation worries. The Washington-based lender praised Egypt’s implementation of economic reforms as “instrumental in achieving macroeconomic stabilization, with external and fiscal deficits narrowing, inflation and unemployment declining, and growth accelerating.” At the same …

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Callix brings contact centre at affordable prices

Dubai-based Callix aims to capitalise on human interaction instead of impersonal digital personas to help small- and medium-sized enterprises in the UAE to drive business and unify customer experience. According to Forrester data, 72 per cent of businesses list customer experience improvement as a top priority. Arif Saiyad, founder and …

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Landmark group enters UAE supermarket sector with Viva

The Landmark Group has taken its first step into supermarket-type retailing in the UAE with the launch of four “food discounter” stores under the “Viva” brand. But unlike mainstream super/hypermarket chains, Viva will only focus on food retailing — freshly prepared and packaged — and at steep discounts to prices …

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Morocco loosens currency peg to attract investors

Morocco will loosen its currency peg in a long-awaited move aimed at strengthening its economy and avoiding financial imbalances that forced a slew of emerging nations into sharp devaluations. Bank al-Maghrib, as the central bank is known, will allow the dirham to fluctuate 2.5 per cent above or below its …

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