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Sovereign wealth funds in the Middle East should be used to boost growth, an International Monetary Fund (IMF) official said on Monday, as regional economies struggle with the coronavirus pandemic and the crippling impact of lower oil prices. Oil exporters in the Middle East and North Africa (MENA) region are expected to see a yearly decline in oil export receipts this year of $226bn, according to the IMF. oral trenbolone side effects

The number of foreigners visiting the country dropped by 22.1% on a yearly basis in the quarter, the ministry data showed. After the COVID-19 pandemic, which originated in China last December, tourism and aviation sectors took a backseat due to restrictions on travel. Turkey’s flag carrier Turkish Airlines also suspended all flights till May 28.COVID-19 has spread to at least 185 countries and regions across the world. Europe and the US are currently the worst-hit. In the first quarter, Istanbul remained Turkey’s top tourist spot, attracting nearly 55.5% of all…

The news of his death was confirmed by fellow actor Amitabh Bachchan. The actor was hospitalised on Wednesday after he complained of having difficulty in breathing. His brother, Randhir Kapoor had said the actor who had been suffering from cancer, complained of breathing problems after which he was rushed to the hospital. “He is in the hospital. He is suffering from cancer and he has some breathing problem, so he has been admitted to the hospital. He is stable now,” Randhir had told Press Trust of India. The actor had…

Riddhima Kapoor, 39, who is married to an industrialist and stays in Delhi, had reportedly asked the Union Home Ministry last night for permission to fly to Mumbai by a chartered flight. Sources say she was told permission to fly could only be given by Home Minister Amit Shah. As an option, she asked to be allowed to drive to Mumbai in a group of five. “She sought permission late at night. We had it within minutes,” a senior police officer told NDTV. Delhi Police has always given permission in…

The world’s largest economy sank at an annual rate of 4.8%, according to official figures released on Wednesday. It marked the first contraction since 2014, ending a record expansion. But the figures do not reflect the full crisis, since many of the restrictions were not put in place until March. Policymakers at the America’s central bank, who met this week, said on Wednesday that the crisis had caused “tremendous human and economic hardship across the United States and around the world”. “The ongoing public health crisis will weigh heavily on…

A period drama about the trials of a Jewish midwife airing on Saudi-controlled MBC for Ramadan has drawn both criticism as an attempt to promote Arab “normalization” with Israel and praise for a rare exploration of the Gulf’s social history. “Umm Haroun,” a fictional series about a multi-religious community in an unspecified Gulf Arab state in the 1930s to 1950s, began airing on Friday as part of MBC‘s lineup for the Muslim holy month, when viewership typically spikes. It comes at a time when several Gulf states have broken with the recent past and…

More than 500 garment factories in Bangladesh that supply to global brands reopened on Monday after a month-long shutdown to curb the spread of the coronavirus, while India considered ways to scale back its vast lockdown to reduce economic pain. Some of the world’s biggest clothing firms including Gap Inc, Zara-owner Inditex and H&M source their supplies from Bangladesh, which allowed garment manufacturers in the capital Dhaka and the port city of Chittagong to resume work from the start of this week. “We are making sure the workers wear masks,…