IMF

Lebanon’s Hezbollah won’t oppose IMF aid under ‘reasonable conditions’: chief
Middle East

Lebanon’s Hezbollah won’t oppose IMF aid under ‘reasonable conditions’: chief

Lebanon’s powerful Hezbollah movement, which has strongly opposed foreign interference in the country’s crisis-hit economy, said Friday it could accept…
Iran asks for billions in loans as virus deaths climb to 429
Middle East

Iran asks for billions in loans as virus deaths climb to 429

TEHRAN, Iran (AP) — Iran said Thursday it had asked for an emergency $5 billion loan from the International Monetary…
Lebanon hopes debt talks could be wrapped up within nine months: minister
Middle East

Lebanon hopes debt talks could be wrapped up within nine months: minister

BEIRUT (Reuters) – Negotiations to restructure Lebanon’s foreign currency debt should not last more than nine months if well-intentioned, the…
290 million students out of school as global virus battle intensifies
World

290 million students out of school as global virus battle intensifies

Almost 300 million students worldwide faced weeks at home on Thursday with Italy the latest country to shut schools over…
IMF deal seen as only way out for Lebanon
Middle East

IMF deal seen as only way out for Lebanon

BEIRUT (Reuters) — The Lebanese government must swallow its misgivings and reach a rescue deal with the International Monetary Fund…
Mashat discusses cooperation between Egypt, World Bank during visit to US
Business

Mashat discusses cooperation between Egypt, World Bank during visit to US

Egypt’s Minister of International Cooperation Rania al-Mashat met with President of the World Bank Group David Malpass during her official…
Egypt’s Ministry of Finance says will launch ‘social dialogue’ on Draft State General Budget
Business

Egypt’s Ministry of Finance says will launch ‘social dialogue’ on Draft State General Budget

Egypt’s Finance Ministry said on Sunday that it would open up the new draft of the government’s  2020/2021 budget to…
Lebanon weighs defaulting or paying Eurobond next month
Middle East

Lebanon weighs defaulting or paying Eurobond next month

BEIRUT (AP) — Lebanon’s finance minister said Thursday the country’s new government is weighing whether to pay or default on…
Egypt non-oil private sector shrinks faster in January: PMI
Business

Egypt non-oil private sector shrinks faster in January: PMI

CAIRO (Reuters) – Non-oil private economic activity in Egypt contracted at the quickest rate in almost three years in January…
Rania Al-Mashat appointed Egypt’s governor at World Bank, several other financial institutions
Egypt

Rania Al-Mashat appointed Egypt’s governor at World Bank, several other financial institutions

Egypt’s Minister of International Cooperation Rania Al-Mashat has been appointed Egypt’s governor at the World Bank and several other economic…
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