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  Local
The Executive Office of the Yemeni Women's Union appeals to the organizations for assistance affected by tropical Cyclone "Luban
[17 October 2018]
President calls for the establishment of an aid fund in affected by the tropical cyclone in Al-Mahara
[17 October 2018]
Parliament calls for its members abroad to come back home
[16 October 2018]
Challenges facing service sectors due to aggression discussed
[16 October 2018]
From south to north .. No to starvation and occupation in Yemen
[16 October 2018]
 
  Saudi Aggression War against Yemen
Army foils infiltration attempt in Taiz
[17 October 2018]
5Saudi-paid mercenaries killed in Asir, Jizan
[17 October 2018]
Army kills, injures Saudi- paid mercenaries in Asir
[17 October 2018]
Missile force targets in 2 ballistic missile invaders' camps in Marib
[16 October 2018]
33 of Saudi-paid mercenaries killed, injured in offensive in western coast
[16 October 2018]
 
  Reports
Reports: Saudi aggression airstrikes hit Saada in the past 24 hours
[17 October 2018]
Reports: Saudi aggression airstrikes hit water sources and markets in Saada ,Hodeidah in the past 24 hours
[13 October 2018]
Reports: Four citizens killed, a child injured in the western coast in the past 24 hours
[12 October 2018]
Reports: Series of airstrikes hit Saada, Hodeidah , Jizan in the past 24 hours
[10 October 2018]
Yemeni armed forces announced achievement of unique victories in front of Jizan
[09 October 2018]
 
  International
FM sends letter to EU's High Representative for Foreign Affairs
[16 October 2018]
From south to north .. No to starvation and occupation in Yemen
[16 October 2018]
Israeli occupation suppresses peaceful demonstrations in Gaza
[13 October 2018]
Parliament's Speaker congratulates Ugandan counterpart on National Day
[08 October 2018]
Palestine : 3 Israelis killed, injured in shooting in West bank
[07 October 2018]
  Reports
Growth in MENAP depends on oil production increase, IMF report
[11/October/2013]


WASHINGTON, Oct 11 (Saba)--Economic growth is expected to decline in the Middle East and North Africa Region, Afghanistan and Pakistan (MENAP) this year due to the drop in oil production, uncertainty of political transitions and security issues, a recent IMF report has said.

Of course, the oil production drop has been blamed on a drop in global demand and interruption in crude supply, the report noted.

Economic growth dropped in oil rich countries in the first half of this year and Saudi oil production is expected to witness a slight drop throughout the year, according to the report, which also pointed that internal and external reasons represent key risks in this region.

And these risks are the main reason for negative developments including social chaos, soaring unemployment and inflation.

The report said that making economic gains depends, however, on increasing oil production and enhancing trust between oil importers and Middle East countries experiencing transitions.

Expecting a growth average of 2 to 3 percent this year, the report said the situation will improve in the region next year and the growth rate my increase to 4 percent. At a medium-term, economic growth depends on political and social stability, it said.

Furthermore, the report pointed that hydrocarbon production is expected to decline by 1% this year; the circumstances in Libya and Iran are to blame, it said.

Amid the political uncertainty and conflicts in the region, countries need to create jobs, make progress on fiscal control and structural reforms; and especially, oil exporters need to enhance their flexibility toward shocks of oil imports and to diversify other economic activities including the absorption of increasing workforce.


Saba
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UPDATED ON : Wed, 17 Oct 2018 12:57:03 +0300