(1 May 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Dubai, United Arab Emirates – 30 April 2025
1. Wide of street with Burj Khalifa in the background
2. Various of cars on road
3. SOUNDBITE (English) Jihad Azour, Director of the Middle East and Central Asia at the IMF:
"The first issue is uncertainty. Uncertainty has negative impact on growth, and in this report we show that uncertainty could have direct impact on growth to 2% to 2.5% and if it’s not addressed the impact will be even larger, it could reach 4.5%. Uncertainty can have an impact on the real sector, on consumption, on economic activity, but also on investment and the performance of the financial system, therefore countries need to react and need to develop policies in order to protect their economies and to address how this uncertainty could have impact on economic performance.”
4. Various of cars filling up with fuel
5. SOUNDBITE (English) Jihad Azour, Director of the Middle East and Central Asia at the IMF:
“Growth in MENA (Middle East and North Africa) is expected to improve in 2025 by 0.8% and will reach 2.6% this year compared to 1.8% last year. However, the increase in uncertainty due to the geopolitical tension and the recent tariff measures have had a negative impact on the outlook for the region. Of course, this impact is differentiated between countries. Direct impact is limited because of the limited connection or dependence on trade with the U.S., except a few countries like Jordan or Tunisia, however, indirect impact could be large.”
ASSOCIATED PRESS
Dubai, United Arab Emirates – 28 April 2025
6. Various of people at the Arabian Travel Market
7. Sign for Saudi pavilion
ASSOCIATED PRESS
Dubai, United Arab Emirates – 30 April 2025
8. SOUNDBITE (English): Jihad Azour, Director of the Middle East and Central Asia at the IMF:
“Well, on the GCC (Gulf Cooperation Council) impact is limited because the energy sector is exempt. And in terms of trade, trade of goods, outside all is limited with the U.S.. However, the indirect impact could be high, and this is mainly due to potential softening in global demand that will have a negative impact on the oil market and potential drop in the oil price.”
ASSOCIATED PRESS
Idlib, Syria – 28 April 2025
9. Various of Syrian city of Idlib
ASSOCIATED PRESS
Dubai, United Arab Emirates – 30 April 2025
10. SOUNDBITE (English) Jihad Azour, Director of the Middle East and Central Asia at the IMF:
“The Syria recovery will be a long process that would require mobilization of regional and international support. And also a comprehensive program of building institutions, reforming their economy, and also addressing certain number of key issues like infrastructure, refugees and rebuilding a new social contract.”
ASSOCIATED PRESS
Beirut, Lebanon – 30 April 2025
11. Bank of Lebanon exterior
12. Lebanese and Bank of Lebanon flags
13. Tilt down from Bank of Lebanon building to street
ASSOCIATED PRESS
Dubai, United Arab Emirates – 30 April 2025
14. SOUNDBITE (English) Jihad Azour, Director of the Middle East and Central Asia at the IMF:
“Some of the recent measures that were introduced, the recent law on bank secrecy, are very good steps in the right direction. Discussions between the IMF staff and the Lebanese authorities is ongoing.”
15. Cars at petrol station
16. SOUNDBITE (English): Jihad Azour, Director of the Middle East and Central Asia at the IMF:
17. Cars on road
STORYLINE:
This will make energy-exporting economies vulnerable to market fluctuations, it adds.
Produced by Malak Harb
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