IMF chief warns of ‘lost generation’ if low-income countries don’t get more help

Washington: The head of the IMF on Friday urged advanced economies to provide more resources to low-income countries, warning of an emerging “Great Divergence” in global growth that could risk stability and trigger social unrest for years to come. International Monetary Fund Managing Director Kristalina Georgieva told reporters that 50% of developing countries were at […]

Dubai has enabled technology start-ups to script global success stories, says Hamdan bin Mohammed

Dubai: The grand economic vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has led to the creation of thriving technology hubs like Dubai Internet City that have transformed the industry in the region and made Dubai a major global innovation and […]

Why UAE economy is positioned for strong post-COVID transformation?

Dubai: The UAE economy poised for a fast recovery from the impact of COVID-19 and an overall transformation, according to the Institute International Finance, a Washington based association of global banks and financial institutions. In a dedicated report on the UAE, the IIF has observed that the country has limited the health impact of the […]