Lebanon's central bank governor said the dollar peg is "finished" in an interview with France24 last week. Riad Salameh, 70, who has headed Lebanon's central bank since 1993, told the French...

There is more bad news for the Gulf economy following reports that the UAE will likely suffer a deeper economic contraction this year than previously estimated. This follows a...

The International Monetary Fund (IMF) approved the release of $1.67bn in financial aid to Egypt on Friday over fears COVID-19 is threatening its economic recovery, The New Arab reported....

The Executive Board of the International Monetary Fund (IMF) has said that Jordan's "monetary policy should remain supportive given the still-fragile economy" calling for more efforts "to preserve stability...

Human Rights Watch (HRW) called on the International Monetary Fund (IMF) to ask the Egyptian government to disclose the financial information of companies owned by the military before disbursing...

Egyptian subsidies on petroleum products decreased by about 46 per cent in the first quarter of the current financial year 2020-21, the petroleum minister announced yesterday. "Subsidies on petroleum...

Turkey is contributing to debt relief to Somalia by pledging around 2.4 million in Special Drawing Rights (SDR), an International Money Fund (IMF) reserve currency, the country's official Gazette announced on...

Egypt's Ministry of Civil Aviation has denied reports that the government plans to privatise EgyptAir, the state-owned flag carrier. The ministry, along with the media centre of the Egyptian cabinet, said...

Sudan has transferred the compensation it has agreed to pay US victims of militant attacks and their families, paving the way for its reintegration into the global economy after...

The International Monetary Fund is willing to work with Lebanon to solve its financial problems and restructure its debt, but needs a partner in the Lebanese government, IMF Managing...

Jordan's King Abdullah on Monday swore in a new government led by veteran diplomat Bisher al Khaswaneh that will seek to accelerate IMF-backed reforms as the economy faces its...

Egypt's headline inflation came in at under 4% in September, potentially triggering consultations with the International Monetary Fund (IMF) that could lead to lower interest rates, Reuters reports. Under...

Egypt's inflation has fallen to some of its lowest levels in well over a decade, potentially triggering consultations with the International Monetary Fund under the conditions of a new...

The Executive Board of the International Monetary Fund (IMF) has approved an agreement signed with Sudan's transitional government that will see Sudan obtaining $1.5 billion annually, and its debts...

A senior member of Lebanon's negotiating team with the International Monetary Fund (IMF) has resigned, becoming the third to do so over deadlocked talks, a source close to the...

Foreign donors have made it clear there will be no aid until Beirut enacts long-stalled reforms to tackle state waste and corruption

Lebanese Prime Minister Hassan Diab said yesterday that the visit of French Foreign Minister Jean-Yves Le Drian to his country brought nothing new. This came in a statement delivered...

Lebanon's Moody's rating has been cut to the lowest possible grade, a C, the same classification as Venezuela, the agency said in a statement yesterday. The downgrading reflects an...

A new economic forecast of Arab economies by the United Nations has painted a gloomy picture of the region. The spread of the coronavirus pandemic is expected to exact...

The International Monetary Fund urged Lebanese authorities on Monday to unite around a government rescue plan and warned that attempts to lower losses from the financial crisis could only...

Negotiations between representatives of the International Monetary Fund (IMF) and the Lebanese government have been suspended in the middle of the worst economic crisis that the country has endured....

Negotiations are underway to install a new cabinet, with former Prime Minister Saad Hariri returning to take the helm, as a way to solve the current crisis, Lebanese media...

The economies of countries in the Gulf Cooperation Council (GCC) will shrink by 7.6 per cent this year following the coronavirus outbreak, the International Monetary Fund (IMF) announced yesterday....

A senior member of Lebanon's negotiating team with the IMF resigned as finance ministry director-general on Monday, saying vested interests were undermining the government's economic recovery plan. Alain Bifani,...

Egypt's foreign reserves dropped $1 billion, the Central Bank of Egypt (CBE) announced yesterday. "Foreign reserves declined to $36 billion in May, down from $37 billion in April," the...

Lebanon has scant chance of securing badly needed aid from the International Monetary Fund as the government fails to enact reforms demanded by donors to address its financial crisis,...

Egypt's talks with the IMF about a standby loan to help it through the coronavirus pandemic will focus on structural reforms to remove constraints on private businesses, Egypt's planning...

France's ambassador urged Lebanon to make rapid progress in talks with the IMF, local media said on Monday, as the country seeks help to escape a dire financial crisis....

Former Egyptian Minister of Investment Yehia Hamed announced that: "The insistence of the coup regime leader, Abdel-Fattah Al-Sisi, to move forward with the policy of borrowing from the International...

Egypt is in talks with the International Monetary Fund for a second bundle of financial support after receiving nearly $2.8 billion in emergency financing, the central bank deputy governor...

As much as 20 per cent of Yemen's total foreign currency deposits were held in Lebanon's banks as of October 2019, and are now trapped, new research by the Sana'a...

Lebanon's government today started negotiations with the International Monetary Fund (IMF), Al-Joumhouria has reported. The negotiations, said the local daily, are set to be "long and arduous" and will...