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.
Looming elections and populist politics seem to be behind the impasse over talks to agree reforms to unlock much-needed funds. Tunisia's credibility is being hurt by divisions within the government.
The IMF's stark failure to warn of a looming crisis in Lebanon reveals why it has long been controversial, alongside the characteristic shortcomings as the lender of last resort
Egypt, the world's second-largest IMF borrower, has managed to reach several agreements, yet failed to achieve reform goals in the process. Now, Egyptians are bearing the brunt.
Marrakech is hosting the annual meetings of the Bretton Woods institutions in October. This is after being unable to convene in Morocco in 2021 due to the COVID-19 pandemic.
The International Monetary Fund is not expected to downgrade its forecast for 2.7% growth in 2023, the head of the global lender said on Thursday, noting that concerns about an oil price spike had…
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe, and China - all experience weakening activity, the head of the…
Egypt on Thursday lifted a key restriction on imports and approved a list of economic activities the government would leave to the private sector, in an effort to meet two key conditions attached to…
The International Monetary Fund will be watching for a shift by Egypt to a flexible exchange rate after a requirement to finance imports through letters of credit is phased out at the end of this…
Egypt's pound slid 13.5% to a record low against the dollar on Thursday as authorities announced a $3 billion International Monetary Fund deal with a commitment to a "durably flexible exchange rate…
In a wide-ranging interview with Al Majalla, Michael Mainelli discusses Saudi-UK ties, investments in AI and renewable energy and describes Saudi Vision 2030 as 'amazing and ambitious'
Intended as a means of avoiding future deadly conflagrations, nations' refusal to impose sanctions and targeted countries' ability to circumvent them made them ineffective in many cases
After a devastating fire in 2019, this 1,000-year-old symbol of French pride and identity is nearing its reopening, yet few know its connection to Syria's Qalb Lozeh and Middle Eastern architecture