On a recent afternoon, Lebanese cryptocurrency trader Mario Awad was sorting out the details of a $2 million deal with a high-profile customer – complete with a hotel stay...

Lebanon's parliament began a session on Monday to discuss the new cabinet's policy programme and hold a vote of confidence, but proceedings were delayed by almost an hour due...

Lebanon's cabinet yesterday approved a policy programme that aims to tackle one of the worst financial meltdowns in history, Reuters reports. With Lebanon in the throes of economic collapse, three quarters...

Lebanon will sign a new contract for a forensic audit of the central bank with Alvarez & Marsal (A&M) within days, the outgoing Finance Minister Ghazi Wazni said today,...

The International Monetary Fund (IMF) said yesterday that it expects Oman's economy to recover this year with a projected growth of 2.5 per cent, spurred by non-hydrocarbon GDP growth...

Lebanon's caretaker minister of social affairs today announced the launch of cash subsidy cards for 500,000 families saying that negotiations were under way for them to be partly funded...

At the Sidi Bahri market in Tunis, shoppers were pleased with the president's attacks on corruption and high prices since he seized control of the government last month in...

A year has passed and Lebanon still has no government. A week feels like a year, and a year feels like a constant reminder of the decades-old problems Lebanon...

Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, announced yesterday that Lebanon will receive $860 million from the IMF's Special Drawing Rights (SDR) Fund, to strengthen the...

Sudan's annual inflation rate rose to 412.75 per cent in June, up from 378.79 per cent in May, according to state news agency SUNA. The latest spike was as a...

Algerian Prime Minister Abdelaziz Djerad said yesterday that his country has refused to borrow money from the IMF in order not to undermine its sovereignty, Anadolu reported. The PM said that his government...

IMF member countries have agreed to clear Sudan's arrears to the institution, France's president said yesterday, removing a final hurdle to the African nation getting wider relief on the...

Saudi Arabia will press Sudan's creditors to reach a broad agreement to reduce the African country's $50 billion-plus debt pile, said a Saudi official who will be directly involved...

The International Monetary Fund head on Thursday warned that policy support provided as part of measures to combat the COVID-19 pandemic should be withdrawn very carefully, saying countries need...

46.5% of the country's population lives below the poverty line and calls are increasing for the UK to grant Sudan a debt amnesty

Just 18 months have passed since mass protests against Lebanon's political class brought down one government, and nearly eight more months since a huge explosion destroyed the port of...

Lebanon's Prime Minister-designate Saad Al-Hariri said today after meeting with President Michel Aoun that the priority was to form a government to halt the country's financial collapse and re-start...

Egyptian subsidies on petroleum products dropped by about 45 per cent in the first half of the current financial year 2020-21, the petroleum minister announced yesterday. Tarek El-Molla said...

The International Monetary Fund (IMF) has said that Tunisia "need to lower the wage bill and limit energy subsidies while prioritizing health and investment expenditure and protecting targeted social...

The economies of countries in the Middle East and North Africa (MENA) region will grow by 3.1 per cent during 2021, compared to 2020's 3.8 per cent contraction due...

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...