IMF To Open New Regional Office In Saudi Arabia

IMF Warns of Broad Global Impact Due to Conflict in the Middle East

IMF Warns of Broad Global Impact, Due to Conflict in the Middle East. According to 'The Guardian,' the International Monetary Fund recently highlighted the risks of escalating conflict in the Middle East with two new reports. . The reports, titled World Economic Outlook (WEO) and the Global Financial Stability Review (GFSR), comes amid heightened fears of a war between Iran and Israel. The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy. The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy. That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war. That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war. 'The Guardian' reports that previous Middle East conflicts have resulted in significantly higher oil prices. . Pierre-Olivier Gourinchas, the IMF’s economic counsellor, said the organization was evaluating the potential for another commodity shock from the conflict. The increased inflation that would come from higher energy prices would trigger a response from central banks that would tighten interest rates in order to secure inflation coming back to target, and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'. The increased inflation that would come from higher energy prices would trigger a response from central banks that would tighten interest rates in order to secure inflation coming back to target, and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'. It would do so in a context in which, in some countries, activity and growth is already fairly weak, so that might also have a strong effect there, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'. According to Gourinchas, the impact of a 15% increase in the price of oil, combined with higher shipping costs, could result in a 0.7% increase in global inflation. According to Gourinchas, the impact of a 15% increase in the price of oil, combined with higher shipping costs, could result in a 0.7% increase in global inflation. Gourinchas also warned that such an increase would also bring down business confidence and global investment.

IMF Question Pakistan Over Claims of Meeting Targets Even Before Proper Review| Oneindia News

The IMF team, led by Nathan Porter, expressed dismay at Pakistan's finance ministry for prematurely claiming fulfillment of structural benchmarks. Before completing their review, the team arrived to analyze economic data. The ministry's premature announcement left the IMF unable to provide feedback. Pakistan's finance minister assured such incidents wouldn't recur. Discussions continue for the release of the last $1.1 billion tranche, with speculation of a potential mini-budget to boost revenues. #IMF #NathanPorter #PakistanEconomicCrisis #IMFPakistan #PakistanEconomy #IMFBailout #Worldnews #Pakistannews #Economynews #Oneindia #Oneindianews ~HT.178~PR.152~GR.123~

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Blinken In Israel: Blinken says he will press Netanyahu on Gaza aid measures | Oneindia

Antony Blinken, the U.S. Secretary of State, has initiated a series of discussions with Israeli leaders to address the issue of increasing humanitarian aid into Gaza. Simultaneously, he has been urging Hamas, the Palestinian militant group, to accept a proposed deal aimed at securing the release of hostages and achieving a ceasefire. Following his visits to Riyadh and Amman earlier in the week, Blinken is now in Israel, the final stop of his broader Middle East tour. Reports indicate that Blinken is currently meeting with Prime Minister Benjamin Netanyahu in Jerusalem. This marks Blinken's seventh visit to the region, which has been engulfed in conflict since October 7th when Hamas launched an attack on Israel. Blinken's main focus during his time in Israel is to pressure the Israeli government into taking specific actions to enhance the flow of humanitarian aid into Gaza. He emphasised the need to address the suffering of the people in Gaza amidst the ongoing crossfire instigated by Hamas, while also striving to secure a ceasefire and the release of hostages. #BlinkenInIsrael #GazaAid #Netanyahu #IsraelHamasWar #Ceasefire #GazaCeasefire #AidMeasures #PressingForAction #MiddleEastDiplomacy #HumanitarianEfforts ~PR.152~ED.194~GR.124~HT.96~

McDonald's Posts Disappointing Q1 Results Amid Ongoing Boycotts

McDonald's Posts , Disappointing Q1 Results , Amid Ongoing Boycotts. 'The Independent' reports that McDonald's posted weaker- than-expected results in the first quarter of 2024, as a result of a boycott over the company's perceived support for Israel. . 'The Independent' reports that McDonald's posted weaker- than-expected results in the first quarter of 2024, as a result of a boycott over the company's perceived support for Israel. . According to McDonald's, higher sales in the United States helped the fast-food giant overcome weakness in markets where the brand is being boycotted. According to McDonald's, higher sales in the United States helped the fast-food giant overcome weakness in markets where the brand is being boycotted. The company saw same-store sales rise by 1.9% worldwide between January and March, below the Wall Street forecast of 2.1%. Increased menu pricing and delivery demand saw same-store sales in the U.S. increase by 2.5%. In international markets, sales fell by 0.2% for the first time since 2020. Despite this, McDonald's said the company's revenue increased 5% to reach $6.17 billion, while net income went up 7% to $1.93 billion, in-line with Wall Street estimates. 'The Independent' reports that Muslim-majority markets like Indonesia, Malaysia and the Middle East have been boycotting McDonald's for months. The boycotts started after a McDonald's franchise in Israel announced in October that it would provide free meals for Israeli troops amid the ongoing war in Gaza. In the months since then, the company has tried to limit the fallout by taking over all 225 McDonald's in the country with the purchase of Alyonal Limited, its Israeli franchise. Our hearts remain with the communities and families impacted by the war in the Middle East. We abhor violence of any kind and firmly stand against hate speech, and we will always proudly open our doors to everyone, McDonald's statement, via 'The Indepndent'. Our hearts remain with the communities and families impacted by the war in the Middle East. We abhor violence of any kind and firmly stand against hate speech, and we will always proudly open our doors to everyone, McDonald's statement, via 'The Indepndent'

Saudi Arabia Triggers Online Crackdown on Online Critics of Israel Amid Hamas War| Oneindia News

Saudi Arabia intensifies arrests for social media posts on Israel-Hamas conflict, signaling a potential shift in its stance on diplomatic relations with Israel. Security concerns post-October 7 drive the crackdown. Despite silence from authorities, opposition figures push for reforms. Arrests highlight Saudi's tough stance on dissenting voices. #SaudiArabia #IsraelHamas #SaudiArabiaisrael #IsraelHamas #Gazawar #Palestine #IsraelwarLive #Worldnews #Oneindia #OneindiaNews ~HT.178~PR.152~ED.103~GR.125~

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US steps up pressure for 'extraordinarily generous' Gaza ceasefire deal

Bliken was speaking in Saudi Arabia ahead of a visit to Israel this week, in what will be his seventh to the Middle East since the Israel Hamas war started in October.

Blinken Urges Hamas to Accept Israel's ‘Extraordinarily Generous’ Truce Offer | Oneindia News

US Secretary of State Blinken urges Hamas to accept Israel's ceasefire proposal swiftly in Riyadh. Hamas is yet to respond to the truce offer, despite it being termed "extraordinarily generous." Britain's Foreign Secretary also backs the proposal, urging Hamas to seize the opportunity. Meanwhile, Israel adjusts its demands regarding hostage release, emphasizing the need for civilian protection amidst escalating tensions in Gaza. #US #AnthonyBlinken #Hamas #Riyadh #IsraelGazawar #HamasTruce #Truceoffer #Hamasnews #Israelwarnews #Worldnews #Oneinda #Oneindia news ~PR.320~ED.101~GR.121~

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