DUBAI , May 2 (Xinhua) -- Despite the rebound in oil prices in the last 12 months, the International Monetary Fund (IMF) Director of Middle East and Central Asia Department Jiahd Azour said Tuesday that more reforms and fiscal consolidation are needed in the Gulf region's two biggest economies to spur growth.
Briefing the media about the IMF's outlook study the Middle East, North Africa and Pakistan released today, Azour said the IMF expects the UAE real gross domestic product to increase by 1.5 percent in 2017, down from 2.7 percent last year.
The picture look even bleaker for Saudi Arabia , the region's biggest economy, for which the IMF expects 0.4 percent this year, compared to 1.4 percent last year.
Both the UAE and Saudi Arabia are major oil suppliers. Azour noted while last year's agreement by major oil-producing countries to crude oil production has helped increase oil prices (from below 26 U.S. dollars in January 2016 to around 50 dollars nowadays), the IMF expects the price of oil to remain volatile around and to average 55 dollars per barrel (159 liter) in 2017 and in 2018.
Azour noted that energy price reforms in both countries have eased fiscal pressure and that the six Arab countries of the Gulf Co-operation Council (GCC) will introduce a five percent value-added tax on Jan. 1 2018. Consequently, the IMF expects the GCC to generate in 2017 a combined current account surplus , after two years of current account deficits.
In addition, liquidity in the Emirati and Saudi banking sector has eased in recent months, said the Washington-based multinational lender IMF in its outlook. For the UAE, the IMF sees loan demand rising due to the "idiosyncratic event," the World Expo which the UAE sheikhdom of Dubai will host from October 2020 to April 2021.
"However , more fiscal reforms and investments into non-oil sectors, education, healthcare, capital and social protection are needed," he added.
Azour said the UAE and Saudi GDP growth would pick up to 4.4 percent and 1.3 percent , respectively.
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Quality velvet curtains for your home
Posted by sylver on August 20th, 2017
There are many different things you turn to when you want to make your home just the way you want it. Each item you will use is going to play its role on the final outcome and you have to be sure everything will come together the way you dreamed of it. This is why you have to be sure about the choices you make and the quality they will offer.
When you turn to cheap low quality products, you will notice that the result is not the one you had in mind. They look nice when they are on the shelf , they seem like they will do the trick when you put them in place, but it is not the same when they are in position. If you want to buy velvet curtains, you must not cut any corners in the process.
If you want to be sure you will get the results you are interested in, you have to focus on quality above all else. This is one of the features of your home that can make or break it and you must find the velvet curtains that will do the trick. Every single aspect about the choice you make is going to take its toll on what you will get in the end out of it.
The materials you will choose are the first ones that will determine the quality of the result. Velvet curtains are able to make your home look like a castle, but you must be sure the materials you will use are fit for kings and queens. Each part of the curtain has to play its part in the final result and you must make your decisions wisely from the start.
Once you have the materials you are interested in , you must focus on the craftsmanship. Even if you turn to the best materials on the market, they can be destroyed if you do not work with the right tailor for the custom curtains. You have to find an expert who has done this many times before so you can be sure about the results you will get out of it.
The installation process is also an important part of the process. Even if you have amazing custom curtains that will go into your home, you must be sure they are installed correctly. You have the option to install them on your own as long as you have the skills for it, but you can also allow the experts to do what they do best so you can avoid disaster.
There are quite a few sources you can turn to when you are interested in custom curtains, but not all of them deliver the quality you had in mind. If you are not willing to cut any corners with them and you want to be sure you will get top of the line quality with each product , you should visit the site of ulinky and choose the ones you like best.
Velvet curtainscan make a home look a lot better, but you have to focus on quality above all else. If you do not want to waste too much time trying to find a source for top of the line custom curtains, you should turn to the site named before from the start.
In every detail of our life, there is a certain time that we need money. It is plain common sense that we borrow money in case of financial incapacities. The only options for borrowing money would be through our friends, family members , and private hard money loans.
In particular situations like the purchase of a new property in place for the old one. And money to finance the prospected property would be insufficient, and you plan to sell the old property. However, it would take time to com.
Briefing the media about the IMF's outlook study the Middle East, North Africa and Pakistan released today, Azour said the IMF expects the UAE real gross domestic product to increase by 1.5 percent in 2017, down from 2.7 percent last year.
The picture look even bleaker for Saudi Arabia , the region's biggest economy, for which the IMF expects 0.4 percent this year, compared to 1.4 percent last year.
Both the UAE and Saudi Arabia are major oil suppliers. Azour noted while last year's agreement by major oil-producing countries to crude oil production has helped increase oil prices (from below 26 U.S. dollars in January 2016 to around 50 dollars nowadays), the IMF expects the price of oil to remain volatile around and to average 55 dollars per barrel (159 liter) in 2017 and in 2018.
Azour noted that energy price reforms in both countries have eased fiscal pressure and that the six Arab countries of the Gulf Co-operation Council (GCC) will introduce a five percent value-added tax on Jan. 1 2018. Consequently, the IMF expects the GCC to generate in 2017 a combined current account surplus , after two years of current account deficits.
In addition, liquidity in the Emirati and Saudi banking sector has eased in recent months, said the Washington-based multinational lender IMF in its outlook. For the UAE, the IMF sees loan demand rising due to the "idiosyncratic event," the World Expo which the UAE sheikhdom of Dubai will host from October 2020 to April 2021.
"However , more fiscal reforms and investments into non-oil sectors, education, healthcare, capital and social protection are needed," he added.
Azour said the UAE and Saudi GDP growth would pick up to 4.4 percent and 1.3 percent , respectively.
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Boats berthing as China starts summer fishing ban
Thousands of Americans join May Day protests across U.S. cities for workers, immigrants'rights
Weekly choices of Xinhua photos (April 24 - April 30)
Undersea tunnel of HK-Zhuhai-Macao Bridge to be joined together
Artists perform Tango during Brussels Tango Festival 2017
Yoga lovers practise yoga amid hawthorn blossoms in Hebei
Quality velvet curtains for your home
Posted by sylver on August 20th, 2017
There are many different things you turn to when you want to make your home just the way you want it. Each item you will use is going to play its role on the final outcome and you have to be sure everything will come together the way you dreamed of it. This is why you have to be sure about the choices you make and the quality they will offer.
When you turn to cheap low quality products, you will notice that the result is not the one you had in mind. They look nice when they are on the shelf , they seem like they will do the trick when you put them in place, but it is not the same when they are in position. If you want to buy velvet curtains, you must not cut any corners in the process.
If you want to be sure you will get the results you are interested in, you have to focus on quality above all else. This is one of the features of your home that can make or break it and you must find the velvet curtains that will do the trick. Every single aspect about the choice you make is going to take its toll on what you will get in the end out of it.
The materials you will choose are the first ones that will determine the quality of the result. Velvet curtains are able to make your home look like a castle, but you must be sure the materials you will use are fit for kings and queens. Each part of the curtain has to play its part in the final result and you must make your decisions wisely from the start.
Once you have the materials you are interested in , you must focus on the craftsmanship. Even if you turn to the best materials on the market, they can be destroyed if you do not work with the right tailor for the custom curtains. You have to find an expert who has done this many times before so you can be sure about the results you will get out of it.
The installation process is also an important part of the process. Even if you have amazing custom curtains that will go into your home, you must be sure they are installed correctly. You have the option to install them on your own as long as you have the skills for it, but you can also allow the experts to do what they do best so you can avoid disaster.
There are quite a few sources you can turn to when you are interested in custom curtains, but not all of them deliver the quality you had in mind. If you are not willing to cut any corners with them and you want to be sure you will get top of the line quality with each product , you should visit the site of ulinky and choose the ones you like best.
Velvet curtainscan make a home look a lot better, but you have to focus on quality above all else. If you do not want to waste too much time trying to find a source for top of the line custom curtains, you should turn to the site named before from the start.
In every detail of our life, there is a certain time that we need money. It is plain common sense that we borrow money in case of financial incapacities. The only options for borrowing money would be through our friends, family members , and private hard money loans.
In particular situations like the purchase of a new property in place for the old one. And money to finance the prospected property would be insufficient, and you plan to sell the old property. However, it would take time to com.