Macron has spent a fortune, bond yields are going up, stocks are falling, Brussels is demanding reform, the IMF is preparing an emergency package, and populists are at the gate... Sacré bleu!
The Egyptian Pound is weak, and the country is losing income from Houthi missiles, causing ships to avoid the Suez Canal. The timing is bad, as Cairo asks the IMF for $750mn in loans.
The global debt burden decreased for the second year in a row, even though it remains above its already-high pre-pandemic level, according to the latest update of the International Monetary Fund’s…
Downgrade was prompted by declining foreign exchange inflows, continued restrictions to the Egyptian pound's exchange rate, as well as external pressures to the economy
Egypt has finalized a staff-level agreement with the international monetary fund (IMF) on the components of its program, and will issue an announcement "very soon," the country's finance minister…
Debt hysteria is the best terminology that can be used to describe what’s going on. It feels like the world will end when you hear headlines saying the USA is going to run out of money by the end of…
Several factors contributed to the Sudanese Armed Forces finally reclaiming the country's capital from the RSF paramilitaries who seized it two years ago at the outbreak of civil war.
The man many think could end Erdoğan's quarter-century reign was arrested just days before he was nominated as the CHP presidential candidate. Who is he, and why is he behind bars?
The passion and imagination of the Uruguayan writer remain timeless, not least over Gaza. Ten years since his passing, Al Majalla revisits his works and words.