Massoud A Derhally

Officials urged to press on with reforms in tandem with monetary and fiscal support to accelerate recovery and build sustainable economies

Fund's executive directors say the US dollar peg serves the economy 'well, given the current economic structure'

Economic support needed for 45,000 people after 11-day conflict with Israel

The world's largest cryptocurrency is down more than 40% in the past two months

Country's GDP plunged to an estimated $33bn in 2020, from about $55bn in 2018, with 'no clear turning point' on the horizon

Reforms will remove uncertainties and cut costs of doing business

The Public Investment Fund increased its investment in game developers and bought into South Korean e-commerce giant ​​​​​​​Coupang

The company also reported a $36.99bn fourth-quarter profit on investments made in its Vision Fund

Abu Dhabi's sovereign wealth fund grew assets under management to $243.6bn

Output and new order downturns ease, despite remaining sharp overall

Middle East's largest courier company's revenue in the first quarter grew 24% to Dh1.4bn

The company is planning to buy back $500m worth of shares in the second quarter

Company aims to create 20,000 new jobs as it pumps billions of dollars into the world's largest economy

The Consumer Price Index increased 4.46% from January 2021

The International Monetary Fund is committed to helping the kingdom contain the Covid-19's impact and build a more resilient economy