Leaders of the G20 countries have committed to injecting more than $5 trillion into the global economy to minimise the social and economic damage of the coronavirus pandemic. The...

The International Monetary Fund (IMF) yesterday announced that its board had approved a four-year $1.3 billion loan programme for Jordan to support the country’s economy and financial stability. “The...

The European Union will send 20 million euros in humanitarian aid to Iran, which is subject to US sanctions, to help alleviate the coronavirus, and will also support Tehran’s...

Iranian President Hassan Rouhani yesterday announced a series of banking and tax relief measures to support companies and poor families in light of the economic pressure brought about by...

Iran has postponed the second round of the country’s parliamentary elections as part of its fight against coronavirus, Anadolu Agency reports. The polls, originally slated for April 17, will be...

Lebanese Prime Minister Hassan Diab is set to address the Lebanese people at 4:30pm (GMT) today, only two days before the country’s Eurobonds mature on 9 March. Though the...

Hezbollah is against allowing the International Monetary Fund to manage Lebanon’s financial crisis, the powerful group said on Tuesday, indicating opposition to any IMF bailout that would impose tough...

Saudi Finance Minister Mohammed Al-Jadaan said the kingdom wants to see a “viable reform plan” before it provides the necessary economic support to Lebanon. In an interview with CNBC...

Tunisia’s designated Prime Minister Elyes Fakhfakh on Wednesday named a new coalition government after reaching an agreement with Ennahda moderate Islamist Party, the biggest power in Parliament, ending an...

Lebanon will invite eight firms to bid to be its financial adviser as it studies all options on its sovereign debt, as the heavily indebted state battles a financial...

A team of IMF experts will begin consultations with the Lebanese government in Beirut on Thursday, a source familiar with the matter said to Reuters, as the heavily indebted...

The Lebanese government will request “technical assistance” from the IMF to draw up a stabilisation plan to resolve the country’s financial and economic crisis, including plans to restructure public...

The International Monetary Fund (IMF) said on Thursday Gulf Arab states — some of the world’s richest countries — could see their financial wealth depleted in the next 15...

Jordan has agreed on a new $1.3 billion programme with the International Monetary Fund (IMF) and will receive the first installment of $140 million by the end of March,...

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,...