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IMF’s Christine Lagarde praises the ‘courage’ of Arab countries undergoing economic reform

IMF’s Christine Lagarde praises the ‘courage’ of Arab countries undergoing economic reform

Finance
Changes in the world economy and the price of oil mean that many countries across the Arab world will need to undergo significant changes in order to survive, and those that are doing so should be praised, Christine Lagarde, the managing director of the International Monetary Fund (IMF) told CNBC."These countries have gone through a massive transition. Those that were exporting oil have clearly seen a big drop in their growth rates. But those economies have to transition from an oil-fed economy to a more diversified, more inclusive, reformed economy," Lagarde said at the World Government Summit in Dubai.Some countries are ahead of the game, she described, while others are working on reforms. "But certainly we will be seeing different countries in a few years' time, given where the price of...
Liverpool FC news: Jurgen Klopp praises 'incredible young player' Trent Alexander-Arnold after scoring on Champions League debut

Liverpool FC news: Jurgen Klopp praises 'incredible young player' Trent Alexander-Arnold after scoring on Champions League debut

Sports
Liverpool manager Jurgen Klopp praised the character of Trent Alexander-Arnold after the teenager scored a brilliant free-kick in their 2-1 Champions League play-off win over Hoffenheim.The 18-year-old stepped up ahead of more senior colleagues to whip in a set-piece and open the scoring with his first goal for the club on his European debut.Hoffenheim's late strike from Mark Uth came from Alexander-Arnold's side of defence after James Milner's cross had deflected in off Havard Nordtveit to make it 2-0, but Klopp accepts the youngster is still learning and was more interested in what he can do rather than what he cannot."I have to say, for an 18-year-old to have the balls to kick a free-kick is better than the mistake," he said."He is an incredible young player. It was actually because I t...
Henrikh Mkhitaryan praises Jose Mourinho's summer signings, calling Lukaku, Matic and Lindelof 'Manchester United players'

Henrikh Mkhitaryan praises Jose Mourinho's summer signings, calling Lukaku, Matic and Lindelof 'Manchester United players'

Sports
Henrikh Mkhitaryan believes Manchester United's new signings have made the squad much stronger.Two of United's three major summer signings, Romelu Lukaku and Nemanja Matic, caught the eye in an impressive season-opening 4-0 Premier League thrashing of West Ham on Sunday.Lukaku, a £75million buy from Everton, scored the opening two goals while midfielder Matic, bought for £40million from champions Chelsea, was named man of the match.The third new player, £31million defender Victor Lindelof, was not included in the matchday squad as manager Jose Mourinho wants to give the Swede more time to settle.Mkhitaryan, asked initially about Matic's display, said: "It was not only Matic. I want to mention as well the other two new signings, Lindelof and Lukaku. They are very good players. They are, I t