Kuwait Times 1-11-2017.Qxp Layout 1
SAFAR 12, 1439 AH WEDNESDAY, NOVEMBER 1, 2017 Max 32º 32 Pages 150 Fils Established 1961 Min 21º ISSUE NO: 17370 The First Daily in the Arabian Gulf www.kuwaittimes.net Passenger seatbelt required to Jordan water crisis worsens as Historic Jewish quarter of Invincible Guardiola is 3 avoid vehicle impoundment 11 Mideast tensions slow action 32 Marrakesh sees revival 15 ripping up record books IMF urges Gulf to switch from oil, projects deficits of $160bn Fund warns GCC rift could dampen growth, endorses Saudi business zone DUBAI: The IMF yesterday advised economies to accelerate their diversi- energy-rich Gulf economies to speed fication outside oil and to promote a Dust hits up their diversification away from oil greater role for the private sector to after projecting the worst growth for lead growth and create additional the region since the global financial jobs,” said Jihad Azour, director of Kuwait with crisis. Oil exporters in the Middle the Middle East and Central Asia at East, especially those in the Gulf IMF. “Preparing their economies to cold winds Cooperation Council, have been hit the post-oil era is something that is hard by the collapse in crude prices becoming a priority for authorities all KUWAIT: A dust wave gripped which provided a major part of their over the GCC,” Azour said. “We are Kuwait in the early hours of yesterday, finances. Following the slump, GCC seeing governments developing causing visibility to drop drastically. members Bahrain, Kuwait, Oman, diversification strategies and intro- Along with the storm, relatively cold Qatar, Saudi Arabia and United Arab ducing a certain number of reforms to winds were blowing with the visibility Emirates undertook fiscal measures allow the economy to be prepared for level at 500 m in some areas.
[Show full text]