United Arab Emirates

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1475505752
Size: 52.39 MB
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United Arab Emirates. This Selected Issues and Statistical Appendix Paper look at the global spillovers to the United Arab Emirates (UAE) financial system. It finds an uneven degree of spillovers to different segments of the UAE financial system. Regarding domestic equity markets, the combined market capitalization losses in the Abu Dhabi and Dubai stock exchanges between September 2008 and end-March 2012 exceeded $100 billion. The paper concludes that although financial vulnerabilities of the UAE have decreased since the 2008 global real estate collapse, given UAE’s interconnectedness, it remains exposed to global financial conditions.

United Arab Emirates

Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1475522258
Size: 33.59 MB
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United Arab Emirates. This Selected Issues paper discusses performance and risks posed by government-related entities (GREs) in the United Arab Emirates (UAE). GREs continue to be a major source of growth and development for the UAE, but they also pose significant fiscal and financial risks. GREs’ debt remains high in the UAE, although it is declining and remains actively managed. To mitigate GREs’ risks, the authorities should build on recent progress and develop an integrated approach, including implementing prudent fiscal policies, enhancing macro- and microprudential frameworks, controlling GREs’ borrowing and integrating them into the public debt management framework, and further strengthening corporate governance and transparency.

United Arab Emirates Selected Issues

Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1498344542
Size: 52.18 MB
Format: PDF
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United Arab Emirates Selected Issues. This Selected Issues paper focuses on the real estate market and Expo 2020 in the United Arab Emirates. It discusses the measures that could mitigate risks associated with the real estate cycle and the international experience with real estate booms and hosting large events such as World Expos, Olympic Games, and World Cup tournaments. The paper discusses the recent developments in the segments of the real estate market in Abu Dhabi and Dubai, focusing on changes in sales prices, rents, and supply in the market. It also takes stock of measures the authorities have introduced recently to reduce the potential for speculative pressure in the real estate market.

United Arab Emirates Selected Issues And Statistical Appendix

Author: International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451801125
Size: 36.21 MB
Format: PDF
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United Arab Emirates Selected Issues And Statistical Appendix. This Selected Issues paper and Statistical Appendix presents five essays examining issues in the United Arab Emirates related to the financial sector, long-term fiscal trends, fiscal sustainability, the competitiveness of the non-oil economy, and the labor market, as well as estimates of the real gross domestic income. The paper presents trends of financial soundness indicators; recent developments in the nascent equity, bond, and insurance markets; as well as progress made in implementing legislation on antimoney laundering and the combating of terrorism financing. It also assesses long-term trends and cross-Emirate variation in the fiscal structure.

The Wages Of Oil

Author: Michael Herb
Publisher: Cornell University Press
ISBN: 0801454689
Size: 68.14 MB
Format: PDF, Docs
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The Wages Of Oil. The contrast between Kuwait and the UAE today illustrates the vastly different possible futures facing the smaller states of the Gulf. Dubai's rulers dream of creating a truly global business center, a megalopolis of many millions attracting immigrants in great waves from near and far. Kuwait, meanwhile, has the most spirited and influential parliament in any of the oil-rich Gulf monarchies. In The Wages of Oil, Michael Herb provides a robust framework for thinking about the future of the Gulf monarchies. The Gulf has seen enormous changes in recent years, and more are to come. Herb explains the nature of the changes we are likely to see in the future. He starts by asking why Kuwait is far ahead of all other Gulf monarchies in terms of political liberalization, but behind all of them in its efforts to diversify its economy away from oil. He compares Kuwait with the United Arab Emirates, which lacks Kuwait's parliament but has moved ambitiously to diversify. This data-rich book reflects the importance of both politics and economic development issues for decision-makers in the Gulf. Herb develops a political economy of the Gulf that ties together a variety of issues usually treated separately: Kuwait's National Assembly, Dubai's real estate boom, the paucity of citizen labor in the private sector, class divisions among citizens, the caste divide between citizens and noncitizens, and the politics of land.

Imf Survey No 6 2003

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 145528100X
Size: 22.83 MB
Format: PDF, Docs
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Imf Survey No 6 2003. The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx

Sudan Selected Issues

Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN: 1484365593
Size: 74.22 MB
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Sudan Selected Issues. This Selected Issues paper examines the monetary policy framework in Sudan, and assesses the effectiveness of monetary transmission mechanism since the secession of South Sudan. The econometric analysis concludes that reserve money, the exchange rate, and private sector credit are the main determinants of inflation after the secession of South Sudan and that the transmission lags have been shortened significantly compared with previous studies. These findings reinforce the need for a comprehensive package of fiscal and monetary measures that strengthens the monetary policy framework and improves its effectiveness.