Even as the Egyptian Government looks to revive the country’s economy, it has turned down the International Monetary Fund (IMF)’s stand-by agreement. A bold move no doubt, but was it a populist decision or purely a financial one? And if the Egyptian Government’s decision to turn down the IMF a move to spurn Mubarak-praising entities, why is it borrowing from the Gulf?

Egypt’s decision to turn down International Monetary Fund (IMF) and the World Bank is a bold move, given that the country’s fiscal situation remains fragile. READ MORE HERE

Dubai’s debt problems refuse to go away, as the IMF warns that the emirate’s debt will rise to 53% of GDP by 2016 if it does not act. Plus, sanctions on Iran could shave as much as 0.7% of UAE’s GDP.

Dubai’s debt may become unsustainable in the absence of policy change, according to the International Monetary Fund (IMF) in its periodic report on the UAE. READ MORE HERE

Oil prices will rise 36% in 2011, denting global economic recovery, warns the IMF. But that also means Saudi’s GDP will rise 7.5% - one of the highest among G20 nations. Read More Here