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Topic - Jihad Azour

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FILE - In this April 15, 2020 file photo, a billboard urges people to stay home during the coronavirus pandemic in Dubai, United Arab Emirates. Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase in oil prices. But the International Monetary Fund warned Sunday, April 11, 2021, that an uneven vaccine distribution would derail the region's rebound, as the prospects of rich and poor countries diverge. (AP Photo/Jon Gambrell, File)

IMF: Vaccine inequity threatens Mideast’s economic recovery

By ISABEL DEBRE - Associated Press

FILE - In this Wednesday, Feb.3, 2021 file photo, a man registers to make a medical appointment and get the COVID-19 vaccine, in Algiers, Algeria. In a new report released Thursday, Feb. 4, 2021, the International Monetary Fund said broad access to different coronavirus vaccines remains crucial for an economic recovery in the Mideast. (AP Photo/Fateh Guidoum, File)

IMF says vaccines to fuel Mideast recovery, tough path ahead

By JON GAMBRELL - Associated Press

FILE - In this Sept. 20, 2019 file photo, workers stand on a platform at a Saudi Aramco oil separator processing facility in Abqaiq, near Dammam in the Kingdom's Eastern Province. The International Monetary Fund said in the latest outlook released Monday, July 13, 2020, that the Middle East’s energy producers are expected to earn $270 billion less in oil revenue compared to last year. That's as the region’s economic heavyweight, Saudi Arabia, sinks deeper into recession amid the coronavirus pandemic. Oil importing Mideast countries, which include Egypt, Jordan and Sudan, are expected to see average economic contraction of 1.1%, but inflation is expected to reach 10%. (AP Photo/Amr Nabil, File)

IMF: Mideast loses $270B oil income amid virus, recession

By AYA BATRAWY - Associated Press