U.A.E. Placed on Global Watch List for Money Laundering, Terrorism Financing

DUBAI—A global watchdog censured the United Arab Emirates for not doing enough in confronting money laundering and terrorism financing activities, adding it to a list of countries requiring increased monitoring, in a blow to the Middle East nation’s image as a safe business and investment hub.

The Financial Action Task Force, a Paris-based intergovernmental body that audits the ability of nations to detect and disrupt illicit finance, on Friday clubbed the U.A.E. with 22 other countries, including Pakistan, Syria and Nicaragua, in a so-called gray list of jurisdictions that are deemed deficient but working with the FATF to improve. Zimbabwe was removed from the list.

FATF said the U.A.E. has committed to combating sanctions evasion, increasing resources to use financial intelligence to pursue money laundering, demonstrating a sustained increase in investigations and prosecutions of such activities.

The U.A.E. has “made a high-level political commitment” to strengthen the effectiveness of its

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UN Forecasts Lower Global Economic Growth for 2022 and 2023 | Business News

By EDITH M. LEDERER, Associated Press

UNITED NATIONS (AP) — The United Nations forecast lower global economic growth for 2022 and 2023 on Thursday, saying the world is facing new waves of coronavirus infections, persistent labor market challenges, lingering supply chain issues and rising inflationary pressures.

The U.N. said that after expanding 5.5% in 2021 — the highest rate of global economic growth in more than four decades — the world economy is projected to grow only 4% in 2022 and 3.5% in 2023.

Liu Zhenmin, the U.N. undersecretary-general for economic and social affairs, said at a news conference releaseasing the economic report that two years after the start of the COVID-19 pandemic “we are still living in a time of great uncertainty.”

“At the start of 2022, the global economic picture in the market is still murky,” he said. “Job creation has not yet made up for the earliest

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Global $9.4 Bn MRI Markets Analysis, Forecast & Opportunities, 2016-2020 & 2021-2026 – ResearchAndMarkets.com

DUBLIN–()–The “Global MRI Market, By Field Strength (High-Field MRI Systems (1.5t MRI Systems, 3t MRI Systems), Low-To-Mid-Field MRI Systems (<1.5t), Very-High-Field MRI Systems (4t and Above)), By Type, By Architecture, By Application, By End User, By Region, Forecast & Opportunities, 2026” report has been added to ResearchAndMarkets.com’s offering.

The Global MRI Market was valued at around USD6 billion in 2020 and is expected to witness a growing CAGR of around 8% during the forecast period to reach around USD9.4 billion through 2026.

This growth is attributed to technological advancements such as the inclusion of MRI with PET or CT that provides imaging possibilities with less exposure to harmful radiations. MRI devices are finding wide applications in the detection of severe internal injuries.

Furthermore, the increasing patient pool suffering from neurological and musculoskeletal disorders coupled with the growing need for quick and effective diagnostic procedures is acting as

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World Bank downgrades 2022 global economic growth forecast to 4.1%

The global economy is on track to grow by 4.1 per cent in 2022, down 0.2 percentage point from a previous projection, the World Bank Group said in its latest Global Economic Prospects release.

“The global recovery is set to decelerate markedly amid continued Covid-19 flare-ups, diminished policy support, and lingering supply bottlenecks,” the semiannual report added on Tuesday.

The global outlook is “clouded by various downside risks,” including renewed Covid-19 outbreaks due to new virus variants, the possibility of unanchored inflation expectations, and financial stress in a context of record-high debt levels, according to the report.

After rebounding to an estimated 5.5 per cent in 2021, global growth is expected to decelerate markedly to 4.1 per cent in 2022, the report noted. The latest projection for 2021 and 2022 is 0.2 percentage point lower than

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