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Prime Minister Mostafa Madbouly announced that Egypt’s external debt has dropped by over $15 billion in just six months. Speaking after the Cabinet meeting on October 2, he highlighted the government’s continued economic reforms, with a focus on strengthening the Read more
Japan has granted Tunisia $1 million to help the North African country assist vulnerable populations in three governorates gravely affected by the shortage of wheat and inflation, the Japanese mission has announced. The assistance, according to the Japanese embassy in Read more
The Saudi central bank increased Wednesday the interest rate by 50 basis points in a bid to control inflation, Arab News reports. The bank known as SAMA, said the move is in line with objectives of maintaining monetary and financial Read more
The Central Bank of Egypt’s decision to devaluate the Egyptian pound by 14.4% against the US dollar was welcomed by credit rating agency, Fitch, as “credit positive” but added that “insecurity” and “political uncertainty” call for more measures as foreign Read more
A source at the Central Bank of Egypt (CBE) has ruled out plans to devalue the country’s currency as the state continues to struggle with meeting the demands of businessmen through tri-weekly US dollar auctions while balancing foreign reserves. Investment Read more
Another round of talks between Jordan and the International Monetary Fund (IMF) ended with hopes that an agreement could be reached by February with head of the IMF mission, Kristina Kostial, saying that it could be approved by the board Read more
The EU has confirmed after a meeting of foreign ministers that it would not retract the sanctions it has levied on Iran and they will be implemented on the first day of next month. Iran at its end is focusing Read more