Pakistan is aiming to secure a new loan agreement with the International Monetary Fund (IMF) by early July, Reuters reported on Tuesday, citing its Finance Minister Muhammad Aurangzeb.
The new deal, if secured, would be a significant long-term (...)
Egypt is anticipating a $400 million infusion in budget support from the UK over two years, marking the latest contribution to a comprehensive global bailout aimed at bolstering its economy.
Rania Al-Mashat, Egypt's International Cooperation (...)
Interest rate futures were fully factored in on Monday in an initial quarter-point interest rate reduction by the Bank of England (BoE) for August, with expectations of a second cut before the year's end. This marks an earlier commencement of cuts (...)
Governors of the European Central Bank (ECB) have expressed concerns over releasing their interest rate forecasts, in a sign an approach to follow the US Federal Reserve's practice may be hard to sell, Reuters reported on Monday.
They attributed (...)
The International Finance Corporation (IFC), the World Bank's private investment arm, plans to fund $1.9 billion worth of projects in Ukraine over the next 18 months, an IFC official told Reuters on Monday.
More than half of that is covered from the (...)
Angola is planning to re-enter the international bond markets this year with a $1 billion bond, Finance Minister Vera Daves de Sousa told Reuters.
Daves de Sousa anticipates that the government could reduce its debt-to-GDP ratio to 60 per cent or (...)
Palestinian President Mahmoud Abbas once again threatened to reconsider the relationship with Washington.
Abbas criticized the United States for aborting a draft Arab resolution demanding that Palestine be granted full membership in the United (...)
Egypt's Finance Minister, Dr. Mohamed Maait, affirmed the country's commitment to a comprehensive debt management strategy aimed at lowering the debt-to-GDP ratio to below 80% by 2027, according to a Cabinet statement published on Thursday.
"The (...)
Egypt's Finance Minister, Dr. Mohamed Maait, stressed the detrimental impact of Africa's financing gap on development investment rates. He emphasised the need for debt alleviation to achieve developmental and climate goals across African nations, (...)
Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, views the recent surge in the local currency naira positively, attributing it to effective measures against inflation rather than direct interventions to support the currency, Bloomberg (...)
In a roundtable discussion with African finance ministers during the IMF and World Bank Spring Meetings, Mohamed Maait, Egypt's Minister of Finance, highlighted the decline in public health indicators across Africa. This downturn is attributed to (...)
تضع وزارة الخارجية الروسية خططا لمحاولة إضعاف خصومها الغربيين، بما في ذلك الولايات المتحدة، والاستفادة من الحرب في أوكرانيا لتشكيل نظام عالمي خال مما تعتبره هيمنة أمريكية، وفقا لوثيقة سرية لوزارة الخارجية الروسية، وذلك بحسب تسريبات تلك الوثيقة (...)
Egypt's Finance Minister Mohamed Maait has raised concerns about worsening public health indicators across Africa driven by confluence of international tensions that pushed inflation to unprecedented levels, according to a Cabinet post on (...)
The private sector should make up at least 65 – 70 per cent of Egypt's economy, said Finance Minister Mohamed Maait during a panel discussion in Washington on Wednesday.
Speaking at of the International Monetary Fund's (IMF) Governor Talks series (...)
Turkey will bolster its medium-term economic programme (MTP) with a three-pronged strategy: enhancing public savings, prioritising investments, and hastening structural reforms, Reuters reported on Wednesday, citing President Tayyip Erdogan.
Vice (...)
Egypt's economy will grow by 3.0 per cent in 2024, slower than previously forecast, the International Monetary Fund (IMF) said in its upgraded World Economic Outlook on Tuesday.
The IMF also forecast Egypt's economic growth at 4.4 per cent in 2025 (...)
Hala El-Said, Minister of Planning and Economic Development and Chairperson of the Sovereign Fund of Egypt (TSFE) is currently participating in the 2024 Spring Meetings of the World Bank and the International Monetary Fund (IMF), held in Washington, (...)
Egypt's Minister of International Cooperation and Governor for the World Bank Group Rania Al-Mashat began her participation in the 2024 World Bank and International Monetary Fund (IMF) Spring Meetings in Washington D.C. on Monday.
The meetings, (...)
Egypt's economic growth is expected at 2.8 per cent in the 2024 financial year – which runs from July 2023 to June 2024, the World Bank said on Monday.
The growth outlook for 2024 was reduced from 3.5 per cent as forecast in January.
According to (...)
Iran warned that it would escalate its military response if Israel or the US retaliated for the recent Iranian strike on Israel. The strike, conducted on Saturday night, utilised over 300 drones and missiles, marking Iran's first direct attack on (...)
Mohamed Maait, Egypt's Finance Minister and the head of the Comprehensive Health Insurance Authority, will engage in a series of significant activities in the upcoming hours. Starting Monday, he is scheduled to attend the spring assemblies of the (...)
The Paris Club, a group mainly comprising developed country creditors, has extended Ethiopia's deadline to secure a preliminary bailout deal with the International Monetary Fund (IMF) by three months, now ending in June, Bloomberg reported on (...)
The American relief organization World Central Kitchen announced on Tuesday that seven of its employees were killed in an Israeli strike on the Gaza Strip.
The Washington-based non-governmental organization said in a statement: "Seven members of our (...)
أن يهَبَ الشخص ممتلكاته من أجل البحث عن كنز غارق في قاع المحيط واحدة من المغامرات التي لا يصدقها عقل، خاصة إذا صدر الأمر من شخص لا يحتاج إلى هذه الكنوز، لكن روح المغامرة جعلت قطب الأعمال في تكساس، كارل ألين، يبيع شركته الخاصة بأكياس القمامة في عام (...)
Shein, an online fast-fashion retailer, has more than doubled its profits of $2 billion in 2023 and is awaiting regulatory approval from Beijing for its upcoming listing in New York or London, Financial Times reported on Sunday.
The company recorded (...)