Egypt yesterday denied reports that the government will lift bread subsidies in response to International Monetary Fund (IMF) conditions for loans which Cairo has obtained. The Ministry of Supply and...

Egypt has received the fifth instalment of the International Monetary Fund (IMF) loan programme, worth $2 billion, official MENA reported yesterday, quoting an official source at the country’s Central...

The Tunisian government has extended the country’s state of emergency for another month, amid on-going political tensions as elections approach later this year. Tunisian President Caid Essebsi signed a...

The International Monetary Fund (IMF) will conduct its final review of Egypt’s $12 billion loan programme in June, the country’s finance minister, Mohamed Maait, announced yesterday. In November 2016,...

Egypt’s petroleum minister yesterday announced that his country would reduce fuel subsidies by 15 per cent. Tarek El-Molla told Reuters that Egypt’s fuel subsidy bill amounted to 43.5 billion...

Egypt will “completely” lift subsidies on fuel during the upcoming financial year 2019-20, the country’s petroleum minister announced yesterday. Tarek Al-Molla told Egypt’s daily Al-Youm Al-Sabea that the decision...

Pakistan’s economic woe has forced its newly elected Prime Minister Imran Khan to seek the aid of Gulf States for a second time in three months. This time the...

Egyptians on social media have been poking fun at comments from President Abdel Fattah Al-Sisi calling out Egyptians for being overweight – the second time the former general has...

The International Monetary Fund (IMF) has approved a $2.97 billion Precautionary and Liquidity Line (PLL) to help Morocco face unexpected economic setbacks. The IMF said in a statement that...

The Tunisian government is struggling to cut its fiscal deficit after two initiatives to raise taxes were rejected by the public and parliamentarians this week. Yesterday, Tunisia’s parliament rejected...

Jordan’s Prime Minister Omar al Razzaz said on Sunday the kingdom will pay a heavy price if parliament fails to approve new IMF-backed tax legislation, a main plank of...

Pakistan still plans to seek a bailout from the International Monetary Fund (IMF) despite a Saudi Arabian offer of a $6 billion rescue package, Pakistan’s finance ministry said today....

Extreme poverty in Iran has risen and reached 34 per cent this year, the head of the workers group in the Iranian Shura Council Ali Ridha Mahjoub said. “The...

Unemployment in Egypt is expected to drop to 10.9 per cent by the end of 2018 from 12.2 per cent in 2017, the International Monetary Fund (IMF) announced yesterday....

Last week, International Monetary Fund (IMF) Managing Director Christine Lagarde left a meeting with Egyptian President Abdel Fattah Al-Sisi giving words of praise and commending his economic policies. She...

The International Monetary Fund’s interventions in the amended income tax bill, announced by the Jordanian government on 11 September, sparked an early confrontation between the government and parliament. Deputy...

Pakistani Prime Minister Imran Khan left for Saudi Arabia on Tuesday, the foreign office said, amid speculation he may be seeking economic assistance from a staunch ally instead of another IMF bailout....

The Jordanian government released on Tuesday a revised draft of the income tax bill for the public to make comments within ten days. The Jordanian Prime Minister, Omar al-Razzaz...

The US has threatened to slap Turkey with more sanctions if it does not release a Christian evangelical pastor held on terrorism charges

Turkey’s Treasury and Finance Minister Berat Albayrak held a teleconference with around 6,100 international investors on Thursday. “We are not in talks with the International Monetary Fund. We will...

Qatar is set to be knocked off its perch as the richest country in the world by the Chinese gambling enclave of Macau. For several years the gas rich...

Tunisia’s foreign currency reserves have fallen to record levels, according to data released on Thursday by the Central Bank of Tunisia. The data published on the Bank’s website showed...

Tunisian airport employees have called off a strike slated to take place this week after a deal was reached with the government to improve work conditions, their union said...

Egypt said on Saturday it was raising the price of natural gas for home and commercial use by up to 75 per cent, the latest move in an IMF-backed austerity...

The unemployment crisis in the Middle East and North Africa (MENA) region has the potential to trigger another wave of instability if it isn’t addressed, the International Monetary Fund...

German Chancellor Angela Merkel yesterday has pledged a $100 million loan to the Kingdom of Jordan in order to help implement reforms required by the International Monetary Fund (IMF)....

Lebanon requires “an immediate and substantial” fiscal adjustment to improve the sustainability of public debt that stood at more than 150 per cent of gross domestic product (GDP) at...

Egypt is set to be given the fourth $2 billion tranche of the $12 billion International Monetary Fund (IMF) loan, Finance Minister Mohamed Maait has announced. The money will...

Qatar has extended a $500 mln aid package to Jordan that includes investments, project finance and job opportunities for Jordanians, an official source in Amman said on Wednesday. Two...

Jordan is pinning hopes on oil-rich Gulf states led by Saudi Arabia committing to a multi-billion dollar aid package to help it weather an economic crisis that sparked rare...

Jordan will ask the IMF to give it more time to implement reforms after some of the largest protests in years showed pushing the debt-burdened country beyond its means...

Tunisia will raise fuel prices in the coming days but hold off increasing public wages this year to meet terms of the International Monetary Fund (IMF) for its next...