The foreign reserve in Kuwait increased by 3.9 per cent reaching 12.254 billion Kuwaiti dinars ($40.5 billion) during November 2019 compared to from 11.794 billion Kuwaiti dinars ($39 billion)...

Four months into the rule of Sudan’s transitional government and the cracks are beginning to appear. The 2020 budget has yet to be revealed because of major differences emerging...

Lebanon’s caretaker prime minister Saad al-Hariri discussed on Thursday the possibility of technical assistance from the International Monetary Fund and World Bank in drawing up a plan to rescue...

The recent protests in Iran and neighbouring Iraq are based on legitimate grievances. However, as has also happened in Iraq, there have been elements in Iran carrying out arson...

Iran on Thursday began restoring internet access in the capital Tehran and a number of provinces, local news agencies and residents said, after a days-long nationwide shutdown meant to...

Jordan’s cabinet on Monday resigned ahead of a government reshuffle expected in the next few days, the state news agency said. Officials say the reshuffle will solidify Prime Minister...

Lebanon needs a political solution to the country’s crisis in days to regain confidence and avert a future economic collapse, Central Bank Governor Riad Salameh told Reuters on Monday....

Recent talks between Jordan and the International Monitory Fund (IMF) were “important” but Amman “will not accept any proposals that are inconsistent with its national interests”, the country’s minister...

Egypt is currently considering re-visiting energy-dependent services’ fees for the industrial sector every six months, the minister of public business sector said yesterday. “Two weeks ago, the Prime Minister,...

Iran’s economy is expected to shrink by 9.5 per cent this year, the International Monetary Fund (IMF) said, as the country feels the impact of tighter US sanctions, Reuters reported. The...

Egypt is discussing possible further assistance from the International Monetary Fund (IMF) to help it carry out structural reforms once its current three-year IMF programme ends next month, its...

The September  14 attacks on Saudi Aramco facilities had no monetary impact on Saudi Arabia, the kingdom’s central bank governor said in an advance copy of an interview provided...

The International Monetary Fund (IMF) has made a number of recommendations to consolidate the Saudi economy, including doubling the rate of VAT rate to ten per cent. The Washington...

Economists and investment banks say Egypt’s economic reforms have been a huge success. Zeinab doesn’t think so. “Everything is expensive,” said the elderly woman, walking through a market in...

A report published recently by Egypt’s Ministry of Planning has revealed that the government has spent more than 1.3 trillion Egyptian pounds (around $3.7 billion) on social protection programmes...

Prime Minister Saad al-Hariri on Tuesday signalled reservations about International Monetary Fund (IMF) proposals for Lebanon which he said included floating the Lebanese pound, which has been pegged at...

This month, MEMO turns 10 years old. Here we look at our biggest stories of the decade.

Just two weeks away from the long-awaited Bahrain Conference on Israel-Palestine, key Arab nations have yet to confirm their participation. The conference is set to take place in Manama,...

Egypt’s trade deficit rose by more than 10 per cent in March, hitting $4.15 billion compared to $3.77 billion during the same month the previous year, the Central Agency for...

Is Egypt's economy crashing?

Global financial institutions will attend a US-led conference on the Palestinian economy this month that the Trump administration has cast as an overture to its Middle East peace plan,...

Net foreign reserves of the Central Bank of Egypt rose 0.12 per cent on a monthly basis to $44.275 billion by the end of May. The net foreign reserves...

The International Monetary Fund said today its team had reached a staff-level agreement with Egypt to disburse the final $2 billion tranche of a $12 billion loan, Reuters reported....

Egyptian President Abdel Fattah Al-Sisi yesterday ratified a loan agreement between his government and Germany, under which Cairo would borrow €102.5 million ($114.6 million) from Berlin. “Under the presidential...

Saudi Arabia’s economic growth for 2019 is expected to be higher than original estimates as its non-oil sector expands faster than the wider economy, according to Reuters.   “We...

Iran’s economy is expected to shrink for the second consecutive year and inflation could reach 40 per cent, an International Monetary Fund senior official said, as the country copes...

The International Monetary Fund (IMF) has slashed its growth forecast for the Middle East and North Africa (MENA) region in its 2019 report: World Economic Outlook. According to the...

Egypt’s net foreign direct investment (FDI) fell by 24.4 per cent during the first six months of the financial year 2018-19, the country’s central bank announced yesterday. The Central...

Tunisian government yesterday decided to raise fuel prices by about 4 per cent, in an effort to curb its budget deficit and meet reforms requested by the international lenders,...

Some 41.5 per cent of Tunisia’s workforce is employed in the parallel economy, a study conducted by the World Bank has shown. The results of the study, announced yesterday...

Tunisian Central Bank Governor Marwan Abbasi said yesterday that the IMF has postponed its experts’ visit, as part of the fifth review, for an unspecified period following an agreement...

A recent report by the International Monetary Fund (IMF) revealed that, if implemented, economic integration among the countries of the Maghreb region would make it possible to achieve a...