Mario Nawfal: IMF data projects severe impact from full Gulf energy collapse

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Olga Shendetskaya

17.05.2026

Mario Nawfal: IMF data projects severe impact from full Gulf energy collapse — IMF projects global growth halved

Mario Nawfal, founder & CEO at IBC Group, shares insights from IMF analysis showing the severe global economic consequences of a potential full Gulf energy collapse.

Referencing commentary by Financial Times columnist Martin Wolf, Nawfal highlights that global economic growth could be cut in half compared to forecasts made earlier this year and next.

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Nawfal previously discussed the resilience of the UAE economy, citing strong business activity despite regional instability. He also reported on a case where a JPMorgan $1 million settlement offer was rejected in a harassment lawsuit. Both events highlight recent developments in regional growth and the banking sector addressed by Nawfal.

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