IMF

"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...

Egyptian President Abdel Fattah al-Sisi sought to ease the concerns of Egyptians grappling with rising prices ahead of the Muslim holy month of Ramadan by pledging a raft of...

An International Monetary Fund (IMF) delegation will arrive in Cairo on Sunday to review Egypt's progress on economic reforms before it disburses the second instalment of a $12-billion loan...

The International Monetary Fund (IMF) has reportedly lowered its economic forecasts for Saudi Arabia and Egypt, two of the Arab world's largest economies, due to the slow growth rates as a...

The International Monetary Fund said on Wednesday that it expects the total foreign reserves in Arab countries to fall by 5.6 per cent to $1 trillion by the end...

Jordanians took to the streets across the country yesterday in protest against price hikes and called for the government and the parliament to be ousted, the Safa news agency...

Egyptians have been busy recently with concerns that their country may be heading for bankruptcy, especially in light of a report by the US Foreign Relations Council about to...

The flow of money, it seems, defies the laws of physics. Despite endless promises of a fairer distribution of wealth, money has actually been gushing upstream towards a greater...

Egyptian President Abdel Fattah Al-Sisi has confirmed in an interview with state newspapers that he will be reshuffling his cabinet soon. "Yes, there will be a reshuffle and very...

The World Bank's board of executive directors has approved a second $1 billion disbursement of a $3 billion loan package to Egypt, a statement from the World Bank Group...

The African Development Bank (AfDB)'s board has approved payment of a $500 million loan to Egypt, as the second tranche of a 3-year $1.5 billion loan, Egyptian Minister of...

The 2011 Arab Spring not only brought winds of political and socio-economic change to the Middle East-North Africa (MENA) region, but it also unlocked an opportunity for the extended...

The Tunisian government pledged to fulfil its obligations to the International Monetary Fund (IMF) and the General Labour Union (GLU) on Monday with regards to controlling public sector wages,...

Importers of baby milk in Egypt have raised the price by 50 per cent, Moheet news network reported on Monday. The chairman of the Pharmacies' Committee of the General...

Egyptian lawyer Ali Ayoub filed a lawsuit on Monday demanding a halt to the proceedings of the government's agreement with the International Monetary Fund (IMF) for a three-year $12...

Egypt won International Monetary Fund approval on Friday for a three-year, $12 billion bailout program aimed at reviving a struggling economy, bringing down public debt and controlling inflation while...

The Central Bank in Egypt had no other option but to move the Egyptian pound to a free market exchange rate with other currencies. The alternative was to lower...

The International Monetary Fund said that it will disburse an initial $2.75 million loan tranche to Egypt on Friday assuming that the Fund's board votes to approve the $12...

The Egyptian Central Bank has announced that it has devalued the Egyptian pound by 48 per cent in an apparent effort to meet the demands of International Monetary Fund...

The United States views the International Monetary Fund's proposed $12 billion bailout for Egypt as "essential" and is working with G7 economic powers to ensure that it is fully...

During an interview on Al-Jazeera, the managing director of the International Monetary Fund, Christine Lagarde, has expressed her optimism about the Egyptian economy. "The measures that the Egyptian authorities...

Armed conflicts in the Middle East and North Africa are not only devastating the economies gripped by fighting, but are sapping growth in neighbouring countries and those hosting millions...