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01 Jan

The Dubai Islamic Economy Development Centre (DIEDC) today announced the signing of a memorandum of understanding (MoU) with the Group of Strategic Vision ‘Russia – Islamic World’ (RIW Group) to exchange expertise and best practices in the field of Islamic economy.

The Dubai Islamic Economy Development Centre (DIEDC) today announced the signing of a memorandum of understanding (MoU) with the Group of Strategic Vision ‘Russia – Islamic World’ (RIW Group) to exchange expertise and best practices in the field of Islamic economy.

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01 Jan

It appears that Iran is steadily fulfilling its ambitious goal to lure foreign funds despite the US President Donald Trump’s attempts to sabotage Tehran’s plans to benefit from its controversial nuclear deal with the world powers.

The Islamic Republic’s latest and probably the most significant achievement in this regard was a $6 billion investment agreement with Italy inked on Thursday.

It appears that Iran is steadily fulfilling its ambitious goal to lure foreign funds despite the US President Donald Trump’s attempts to sabotage Tehran’s plans to benefit from its controversial nuclear deal with the world powers.

The Islamic Republic’s latest and probably the most significant achievement in this regard was a $6 billion investment agreement with Italy inked on Thursday.

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01 Jan

A report by the International Monetary Fund lists quite a few challenges for the Gulf economies ... but some of the insights presented can be vigorously challenged. For instance, the report suggests that ever since the drop in oil prices, fiscal consolidation has focused on the reduction of expenditure.

This is true but conveniently overlooks the steady reforms concerning revenue generation. In fact, budgets released by some GCC states for fiscal 2018 confirm a rise — rather than decline — in spending.

 

A report by the International Monetary Fund lists quite a few challenges for the Gulf economies ... but some of the insights presented can be vigorously challenged. For instance, the report suggests that ever since the drop in oil prices, fiscal consolidation has focused on the reduction of expenditure.

This is true but conveniently overlooks the steady reforms concerning revenue generation. In fact, budgets released by some GCC states for fiscal 2018 confirm a rise — rather than decline — in spending.

 

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