DUBAI DeMarre Carroll Women's Jersey , May 2 (Xinhua) -- Despite the rebound in oil prices in the last 12 months, the International Monetary Fund (IMF) Director of Middle East and Central Asia Department Jiahd Azour said Tuesday that more reforms and fiscal consolidation are needed in the Gulf region's two biggest economies to spur growth.

Briefing the media about the IMF's outlook study the Middle East, North Africa and Pakistan released today, Azour said the IMF expects the UAE real gross domestic product to increase by 1.5 percent in 2017, down from 2.7 percent last year.

The picture look even bleaker for Saudi Arabia, the region's biggest economy D'Angelo Russell Women's Jersey , for which the IMF expects 0.4 percent this year, compared to 1.4 percent last year.

Both the UAE and Saudi Arabia are major oil suppliers. Azour noted while last year's agreement by major oil-producing countries to crude oil production has helped increase oil prices (from below 26 U.S. dollars in January 2016 to around 50 dollars nowadays), the IMF expects the price of oil to remain volatile around and to average 55 dollars per barrel (159 liter) in 2017 and in 2018.

Azour noted that energy price reforms in both countries have eased fiscal pressure and that the six Arab countries of the Gulf Co-operation Council (GCC) will introduce a five percent value-added tax on Jan. 1 2018. Consequently, the IMF expects the GCC to generate in 2017 a combined current account surplus, after two years of current account deficits.

In addition, liquidity in the Emirati and Saudi banking sector has eased in recent months Caris LeVert Women's Jersey , said the Washington-based multinational lender IMF in its outlook. For the UAE, the IMF sees loan demand rising due to the "idiosyncratic event," the World Expo which the UAE sheikhdom of Dubai will host from October 2020 to April 2021.

"However, more fiscal reforms and investments into non-oil sectors, education, healthcare Allen Crabbe Women's Jersey , capital and social protection are needed," he added.

Azour said the UAE and Saudi GDP growth would pick up to 4.4 percent and 1.3 percent, respectively.

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KUNMING, Nov. 10 (Xinhua) -- Mongolian Tuulkhangai Tuguldur of Team Attila enjoyed a？flawless victory in the second stage and retained？the yellow jersey in 2015 Colorful Yunnan International Granfondo Cycling Festival.

Tuguldur won the photo finish of the second stage at 4 hours 26 minutes and 41 seconds. Team Attila also won the opening stage on Sunday.

The 174-kilometer second stage starts at？Nieer Square and ends at？Angsana Hotel in the city of Yuxi.

"It's very difficult Trevor Booker Jersey , but I won, and that means a lot to our team. We deserved the victory,"？Tuguldur said.

The 2015 Colorful Yunnan International Granfondo Cycling Festival attracted more than 1,000 cyclists from 29 countries and regions including ？the United States, Italy, Mongolia Timofey Mozgov Jersey , Finland and Mexico.

The third stage of the 7-day Cycling Festival will be held in Chuxiong on Wednesday.？

Golden Triangle Tours in India highlight the three most famous cities of the country: Agra, Delhi and Jaipur. These cities of India proffer the foundational essence of ancient history and contemporary present along with colourful culture in just about a few days and in a single tour.

Delhi is the capital city of the country and is one of the fastest cities. A part of the remnants of its beautiful past has been taken over by the elements of industrialisation, yet some of the finest monuments, cultural places, and politically important structures remain well preserved, displaying architecture and grandeur of the bygone days. The commercial complexes Sean Kilpatrick Jersey , boutiques, museums, speciality restaurants, open parks and gardens, and cultural events showcasing classical dances of India are some of the factors that make the life in Delhi full of fun and life and entice tourists.

Agra is one of the most prominent destinations in the catalogue of world tourism sites. Being a world heritage site, Agra features a number of exotic attractions like the Taj Mahal Rondae Hollis-Jefferson Jersey , Red Fort, and Fatehpur Sikri. The land has been home to innumerable art and religious philosophers who have enriched the humankind and moulded human thought over the centuries. A pleasant city, Agra is famous around the world for its excellent inlay work on marble and sandstone. It is also famous for its carpets, leather shoes and gold thread embroidery.

Once been the capital of the Mughal Empire, it seems to linger in the past even today. The monuments that still stand unbent remind the tourists of the glorious past of the land. When the Taj Mahal turns golden as the sun sets in the evening, it signifies the impeccable beauty and wealth of India. The passion of the Mughals for constructing beautiful structures endowed the city with some of the finest structures in the world. The best time to visit Agra is from October to March as the temperatures are mild during the period Nik Stauskas Jersey , climatic conditions are stable, and winter seasons will help you avoid the scorching heat of the plains that may be inconvenient to European and American travellers not used to tropical environs.

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