The move comes despite a backdrop of deteriorating global prospects, the multilateral lender said yesterday.
It expects the regional economy to expand this year by 5.5 per cent, up from the IMF's previous forecast in April of 4.2 per cent.
|TASI (Saudi Stock Market)||6641.3||-0.33%|
|DFM (Dubai Financial Market)||1516.53||0.93%|
|ADX (Abudhabi Securities Exchange)||2456.89||-0.16%|
|KSE (Kuwait Stock Exchange)||5860.38||0.09%|
|BSE (Bahrain Stock Exchange)||1115.14||0.23%|
|MSM (Muscat Securities Market)||5498.51||0.56%|
|QE (Qatar Exchange)||8295.03||0.14%|
|LSE (Beirut Stock Exchange)||1143.19||0.06%|
|EGX 30 (Egypt Exchange)||4740.53||0.46%|
|ASE (Amman Stock Exchange)||1886.13||0.07%|
|TUNINDEX (Tunisia Stock Exchange)||5115.53||0.50%|
|CB (Casablanca Stock Exchange)||9693.91||0.26%|
|PSE (Palestine Securities Exchange)||443.43||0.05%|