IMF

Coronavirus shakes Saudi state’s foundations
Middle East

Coronavirus shakes Saudi state’s foundations

More than elsewhere, the coronavirus outbreak has put Saudi Arabia’s vision for the future in jeopardy. The collapse in oil…
Lockdown tensions grow as people seek to resume work or play
World

Lockdown tensions grow as people seek to resume work or play

WASHINGTON (AP) — The coronavirus is touching all levels of society and increasing tensions as governments start to ease restrictions…
Saudi Arabia faces coronavirus crisis with strong reserves, low debt-minister
Economy

Saudi Arabia faces coronavirus crisis with strong reserves, low debt-minister

CAIRO (Reuters) — Saudi Arabia is facing the global crisis from a position of strength, given its strong financial position…
Poorer countries face big risks in easing virus restrictions
World

Poorer countries face big risks in easing virus restrictions

BEIRUT (AP) — As some wealthier Western nations begin easing coronavirus restrictions, many developing countries, particularly in the Middle East…
IMF predicts global recession, forecast for Egypt is positive
Business

IMF predicts global recession, forecast for Egypt is positive

The International Monetary Fund on Tuesday significantly reduced its expectations for global economic growth, anticipating a global recession amid the…
Middle East economies battered by virus, oil prices and conflict
Middle East

Middle East economies battered by virus, oil prices and conflict

DUBAI, United Arab Emirates (AP) — The Middle East, already wracked by high numbers of unemployed youth, unrest, conflict and…
US job losses surge as world leaders urge Easter distancing
World

US job losses surge as world leaders urge Easter distancing

NEW YORK (AP) — A staggering 16.8 million Americans lost their jobs in just three weeks, a measure of how…
Iran presses for IMF loan; some business to stay shut despite easing
Middle East

Iran presses for IMF loan; some business to stay shut despite easing

DUBAI (Reuters) – President Hassan Rouhani pressed harder on Wednesday for a US$5 billion emergency IMF loan Iran has sought…
Jordan IMF program needs adjusting after coronavirus: central bank governor
Middle East

Jordan IMF program needs adjusting after coronavirus: central bank governor

AMMAN (Reuters) – Jordan is in discussions with the IMF seeking to change some of the objectives of a four-year…
Europe’s virus toll surges, world plunges into recession
World

Europe’s virus toll surges, world plunges into recession

Europe was reeling from a staggering surge in coronavirus deaths Saturday, still days or weeks from what experts desperately hope…
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