IMF

Cash-strapped Egypt has created a golden opportunity for Gulf countries to acquire significant assets in major Egyptian companies, as Cairo awaits a new $3 billion bailout loan from the...

Gulf countries have provided Arab states with $54 billion over the past five years to support them in facing challenges, Managing Director of the International Monetary Fund (IMF), Kristalina...

Egyptian President, Abdel Fattah Al-Sisi, sought on Thursday to play down a rare media spat with Saudi Arabia, which recently signalled greater conditionality over financial backing to allies such as Egypt,...

Speculation is growing about a crisis between Saudi Arabia and Egypt manifested in relations between senior figures in both countries. Tension has come to the surface during the serious...

Egypt's government aims to announce a detailed plan next week to offer stakes in at least 20 state companies over the coming year, Prime Minister Moustafa Madbouly said after...

The International Monetary Fund's new loan agreement with Egypt leaves the economic rights of millions unprotected, Human Rights Watch (HRW) and DAWN have said. The $3 billion loan is...

It is the unfortunate – or fortunate, depending on one's propensity to autocracy – nature of every decentralised system in this modern age to become centralised under the scope...

Since the collapse of the economic situation in Egypt on the morning of the eleventh of this January and the dollar has exceeded the level of thirty pounds, the...

Our world is increasingly plagued by war, famine and poverty. Political and other leaders will meet during the World Economic Forum (WEF) in Davos between 16 and 20 January...

Tunisian President Kais Saied carried out a tour of Avenue Habib Bourguiba in the capital, Tunis, on the eve of the Tunisian opposition's preparations to protest against him on...

Egypt's pound weakened by more than 13 per cent to a new low below 32 to the US dollar on Wednesday as the Central Bank moved to a more...

Egypt's President Abdel Fattah Al-Sisi has vowed to reduce the military's undue influence over the country's economy as part of a new $3 billion International Monetary Fund (IMF) bailout....

The Central Bank of Tunisia acknowledged the difficult financial situation the country is facing, adding that it expects the crisis to increase if no agreement is reached with the...

The Executive Board of the International Monetary Fund (IMF) has once again postponed discussing the Tunisian file until the end of March because of "a negative notice issued by...

The International Monetary Fund early Saturday approved a $3 billion loan for Egypt under a 46-month program. In a statement, the IMF said the arrangement under the Extended Fund...

Tunisia has issued a plan to start the gradual abolition of bread subsidies over the next four years, an informed source told Al-Araby Al-Jadeed. In the first stage of...

The Tunisian General Labour Union (UGTT) warned the government yesterday not to take any "unilateral action" on economic reform. The union also denied any knowledge of the agreement concluded...

The overall annual inflation rate in Egypt jumped to 19.2 per cent last month, its highest level since November 2017, according to data from the state-run Central Agency for...

Egypt hopes to receive the first $750 million installment of a recently approved International Monetary Fund (IMF) loan before the end of the year, the Finance Minister, Mohamed Maait,...

Most private flour mills in Egypt, the world's largest importer of wheat, have been forced to shut down due to a supply crisis, Africa Intelligence website revealed on Monday....

The Secretary-General of the Tunisian General Labour Union (UGTT), Noureddine Taboubi, warned yesterday of any step that could dismantle the troubled public sector institutions within the package of reforms...

In many ways, the COP27 climate conference being held in Egypt is a cruel but necessary irony. The tyranny of the host government — the sweeping arrests, arbitrary checking...

World leaders, policymakers and delegates from nearly 200 countries are at the COP27 UN Climate Summit in Egypt, where they hope to keep alive a goal to avert the worst...

The Head of the International Monetary Fund (IMF) has called for a global standard on carbon pricing, emphasising the goal to reach stated climate goals by the year 2030....

Oman recorded a budget surplus of $2.92bn (OR1.12), the country's Finance Ministry says, local media reports. According to the report, the high price of oil and an increase in gas...

Egypt's non-oil private sector has continued to sharply contract in October, marking the 23rd consecutive month of decline, a report by S&P Global showed yesterday. The S&P Global Egypt...

Jordan's Prime Minister, Bisher Al Khasawneh, announced a cabinet reshuffle on Thursday to improve his administration's performance under IMF-guided economic reforms, Reuters reports. The British-educated former veteran diplomat and...

Egypt announced, Thursday, a 3-billion-dollar agreement with the International Monetary Fund (IMF) to shore up its economy, Anadolu News Agency reports. "The IMF's $3 billion loan is part of...

Egypt is pushing to tie up a crucial financial package from the International Monetary Fund at annual meetings in Washington this week, hoping to stem a currency crisis that...

The International Monetary Fund (IMF) loan which Tunisia is working to obtain will help the country's general budget but not solve its economic crisis, former Minister of Trade and...

The Director-General of the International Monetary Fund, Kristalina Georgieva, said on Tuesday that the economies of the Gulf States are expected to grow by 6.5 per cent this year....

Tunisia's powerful UGTT Labour Union has no deal with the government on reforming subsidies and publicly owned companies and will lead street protests over any "painful" changes, it said...