The International Monetary Fund (IMF) called on Friday for Algeria to diversify its income sources, fearing it would be affected by the decline in oil prices, Ennaharonline.com has reported....

Egypt and the US signed eight bilateral assistance agreements amounting to some $121.6 million, aimed at promoting development in the country, the US Embassy in Egypt announced yesterday. The...

The International Monetary Fund (IMF) has praised the Egyptian government’s plan to reform the economy, which include an increase in electricity tariffs and a rise in fuel prices in...

Algeria’s newly appointed Prime Minister, Ahmed Ouyahia, said yesterday that his country will emerge from the current financial crisis within three years. The prime minister made the remarks as...

Egypt will impose additional taxes on various basic services including electricity and water, an official in the finance ministry revealed. The official, who asked not to be named, said...

The news that Saudi Arabia is applying for a $10 billion loan from the International Monetary Fund (IMF) is shocking. The country is the world’s largest exporter of oil,...

“Let me start with the good news,” announced Christine Lagarde of the International Monetary Fund (IMF) at the Egypt Economic Development Conference in 2015 that outlined President Abdel Fattah...

Despite the rise in Egypt’s interest rate and the local currency slight appreciation, the country’s Inflation unprecedentedly hiked last month, reaching its highest level in more than three decades....

The Tunisian dinar fell to its lowest rate in years trading at 2.83 against the euro and 2.412 against the US dollar. Authorities explained the decline saying that Tunisia...

Egypt received today the final installment of the first $4 billion tranche of the $12 billion International Monetary Fund (IMF) loan, the state-run Middle East News Agency (MENA) reported....

The International Monetary Fund (IMF) announced this morning its approval to grant Egypt the second of $ 1.25 billion of a $12 billion loan. In November 2016, Egypt accepted...

Egypt has increased electricity prices by over 40 per cent as it continues to work towards its plan of lifting all subsidies by the end of 2021-2022, according to...

Egypt today increased gasoline and diesel prices in the second fuel hike since a currency floatation in November last year. Fuel price increases had been widely expected as part...

Egyptian President Abdel Fattah Al-Sisi has confirmed that the government will increase the monthly capacity of ration cards which it uses for its food subsidies distribution from $1.16 per...

The International Monetary Fund (IMF) said it had disbursed $71 million to Jordan after its Executive Board completed its first review of the country’s economy. In a statement issued...

Egypt’s decision to raise interest rates is “unfortunate” and will hinder investments in the country, businessman Naguib Sawiris said. In a brief statement to Al-Mal newspaper on the impact...