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...

The International Monetary Fund on Monday said its executive board approved $2.77 billion in emergency financing to help Egypt grapple with the new coronavirus pandemic that has brought tourism...

Lebanese banks are working on their own national financial rescue plan after rejecting the government’s proposals, Reuters reported. Banks are seeking to provide more protection for the sector and to prevent a...

Secretary-General of Lebanon’s Hezbollah, Hassan Nasrallah, has called on people to give the government of Prime Minister Hassan Diab a chance to prove its competence and save the country...

Egyptian Finance Minister Mohamed Maait said yesterday that Cairo had requested the International Monetary Fund and the World Bank provide it with exemptions not to pay some debts or...

Initial talks between Lebanon and the International Monetary Fund (IMF) have been “productive”, the managing director of the organisation said yesterday. Talks took place over the phone between Lebanon’s...

Hezbollah’s leader hailed the Lebanese government’s crisis plan as an “important step” on Monday and warned the country should not blindly surrender in talks with the IMF to terms...

An economic rescue plan that will form the basis of Lebanon’s talks with the International Monetary Fund (IMF) was panned by banks on Friday as one that would “further...

Coca Cola shuts down in Lebanon

Egyptian Prime Minister Moustafa Madbouly announced that his government has started discussions on a new loan from the International Monetary Fund (IMF), adding that the funding will be accompanied...

In 2020, the world economy will experience its worst recession since the Great Depression, surpassing that seen during the global financial crisis a decade ago, Gita Gopinath, the International...

US President Donald Trump said yesterday he would be willing to provide aid to Iran to help deal with the coronavirus pandemic if Tehran requested it. “If Iran needed...

The Emirate of Abu Dhabi has priced a $7 billion multi-tranche international bond offering as an integral component of its medium-term strategy to combat the drop in oil prices...

The economic and finance adviser to Iraq’s Prime Minister has revealed that talks are taking place with the International Monetary Fund (IMF) for a deferment of the country’s foreign...