The Egyptian Minister of Education, Tarek Shawki, yesterday announced the approval of a $500 million loan from the World Bank to support education development in the country. The loan...

The Tunisian General Labour Union (the largest trade union organization in the country) has blamed the government for the deterioration of the Tunisian economy. Samir Al-Shafi, Assistant Secretary-General of the...

The Turkish government has revealed details of a $34 billion investment package aimed at creating jobs and reducing the country’s rising deficit, according to Hurriyet Daily News. The project-based...

Qatar has weathered the worst of the Gulf’s economic boycott, the International Monetary Fund (IMF) announced earlier this month, the latest in a series of reports that has seemingly...

Teacher Abdelrahman Ali wonders if he will be able to afford diapers for the second child his wife is expecting. He can no longer put meat on the dinner...

Algeria is facing tough options proposed by the International Monetary Fund (IMF) in an attempt to reform the country’s economy. Earlier this week, an IMF team concluded a visit...

Jordan’s Prime Minister Hani Mulki reshuffled his cabinet on Sunday and appointed the king’s chief of staff as his special deputy for economic affairs in an apparent bid to...

Saudi Arabia has become the biggest deal-maker in the Middle East after its Public Investment Fund (PIF) spent about $54 billion on investments last year, Bloomberg reported on Tuesday....

Egypt’s Central Bank (CBE) said yesterday that the volume of remittances from Egyptians working abroad increased by 29.3 per cent year-on-year to reach $2.6 billion in December last year....

Middle Eastern countries should pursue fiscal policies to support growth and build broader tax bases to fund infrastructure projects and social spending, IMF Managing Director Christine Lagarde said today....

Egypt yesterday signed an agreement to receive the third $500 million tranche of a $1.5 billion loan package from the African Development Bank (AfDB). The loan agreement, which was...

On 13 November last year, a report was released by the International Monetary Fund (IMF) on the state of consumer subsidies in Sudan. It received scant media coverage but...

Tourism revenue in Egypt will rise 105 per cent by the end of the year, taking it to $7 billion, Deputy Tourism Minister, Adela Ragab, said. According to Tariq...

Remittances from Jordanians living abroad has risen by 0.7 per cent during the period from January to September this year, the state-run Jordan News Agency (Petra) reported quoting figures released by the...

The International Monetary Fund (IMF) warned that the continuing diplomatic crisis in the Gulf region could weaken the GCC’s economic growth. “A protracted rift could slow progress toward greater...

Egypt’s Ministry of Social Solidarity will launch a project to expand the establishment of nurseries, including a new system for home nurseries, later next year. The government intends to...

The International Monetary Fund (IMF) called on Friday for Algeria to diversify its income sources, fearing it would be affected by the decline in oil prices, Ennaharonline.com has reported....

Egypt and the US signed eight bilateral assistance agreements amounting to some $121.6 million, aimed at promoting development in the country, the US Embassy in Egypt announced yesterday. The...

The International Monetary Fund (IMF) has praised the Egyptian government’s plan to reform the economy, which include an increase in electricity tariffs and a rise in fuel prices in...

Algeria’s newly appointed Prime Minister, Ahmed Ouyahia, said yesterday that his country will emerge from the current financial crisis within three years. The prime minister made the remarks as...

Egypt will impose additional taxes on various basic services including electricity and water, an official in the finance ministry revealed. The official, who asked not to be named, said...

The news that Saudi Arabia is applying for a $10 billion loan from the International Monetary Fund (IMF) is shocking. The country is the world’s largest exporter of oil,...

“Let me start with the good news,” announced Christine Lagarde of the International Monetary Fund (IMF) at the Egypt Economic Development Conference in 2015 that outlined President Abdel Fattah...

Despite the rise in Egypt’s interest rate and the local currency slight appreciation, the country’s Inflation unprecedentedly hiked last month, reaching its highest level in more than three decades....

The Tunisian dinar fell to its lowest rate in years trading at 2.83 against the euro and 2.412 against the US dollar. Authorities explained the decline saying that Tunisia...

Egypt received today the final installment of the first $4 billion tranche of the $12 billion International Monetary Fund (IMF) loan, the state-run Middle East News Agency (MENA) reported....

The International Monetary Fund (IMF) announced this morning its approval to grant Egypt the second of $ 1.25 billion of a $12 billion loan. In November 2016, Egypt accepted...

Egypt has increased electricity prices by over 40 per cent as it continues to work towards its plan of lifting all subsidies by the end of 2021-2022, according to...

Egypt today increased gasoline and diesel prices in the second fuel hike since a currency floatation in November last year. Fuel price increases had been widely expected as part...

Egyptian President Abdel Fattah Al-Sisi has confirmed that the government will increase the monthly capacity of ration cards which it uses for its food subsidies distribution from $1.16 per...

The International Monetary Fund (IMF) said it had disbursed $71 million to Jordan after its Executive Board completed its first review of the country’s economy. In a statement issued...

Egypt’s decision to raise interest rates is “unfortunate” and will hinder investments in the country, businessman Naguib Sawiris said. In a brief statement to Al-Mal newspaper on the impact...