Business
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Economy
1/10/2023 9:22:09 PM
Egypt has committed to the International Monetary Fund (IMF) to endure structural reforms in its macroeconomic schemes, fuel prices and foreign exchange policies (FX) as well as its debt structure among several monetary and fiscal policies, according to the fund staff report released on Tuesday.
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Sports
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World
12/23/2022 4:08:43 PM
The Asian Champions League is set to be revamped in the 2024-25 season as part of reforms that should add a third club soccer competition for the continent.
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World
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Region
12/23/2022 1:58:21 PM
French President Emmanuel Macron called on Lebanon Friday to "get rid" of its political leaders who have for months blocked reforms vital to save its stricken economy.
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Business
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Economy
12/22/2022 11:25:48 PM
US senators approved a sweeping annual spending package Thursday that includes $45 billion in Ukraine aid and reforms to election law aimed at avoiding a repeat of last year's assault on the Capitol.
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Business
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Economy
12/20/2022 6:08:36 PM
The IMF will be looking for "a shift by Egypt to a flexible exchange rate" once the letter of credit system for financing imports is phased out by the end of December, Vladkova Hollar, the IMF mission chief for Egypt, said in an interview with Reuters on Monday.
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World
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International
11/30/2022 11:00:00 AM
Former President Jiang Zemin, who led China out of isolation after the army crushed the Tiananmen Square pro-democracy protests in 1989 and supported economic reforms that led to a decade of explosive growth, died Wednesday. He was 96.
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Egypt
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Politics
11/21/2022 4:05:27 PM
Egyptian MPs approved on Sunday in principle legal amendments that would allow contractors who have suffered losses because of recent economic reforms to obtain financial compensation from the government.
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Egypt
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Politics
11/21/2022 2:31:37 PM
Egyptian MPs approved in principle on Sunday legislative amendments that would allow contractors who have suffered losses due to the recent economic reforms to obtain financial compensation from the government.
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Egypt
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Politics
10/23/2022 7:14:00 PM
President Abdel-Fattah El-Sisi said that decisive solutions and understanding from the public have been required to move ahead with drastic economic reforms in Egypt to face crises the country witnessed over the past 50 years.
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Business
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Economy
10/16/2022 6:56:58 PM
The Central Bank of Egypt (CBE) and the Ministry of Finance announced on Sunday that Egypt and the International Monetary Fund (IMF) have reached an agreement on the economic and structural policies and reforms for Egypt’s new IMF-backed economic reform programme.
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World
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Region
10/8/2022 12:38:38 PM
A year since Iraq's last elections, it remains without not only a new government but a budget too, obstructing much-needed reforms and infrastructure projects in the oil-rich but war-ravaged country.
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Egypt
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Foreign Affairs
9/28/2022 11:04:24 PM
The Arab Pensions and Social Insurance Conference kicked off on Wednesday under the title ‘Arab Pensions Outlook 2050 – Change and Opportunity’ to discuss challenges facing the pension systems in the Arab world and how to overcome them.
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World
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Region
9/28/2022 5:37:08 PM
Lebanon will weaken its official exchange rate for the first time in more than two decades, a central bank official said, as part of efforts to tackle a crippling financial crisis.
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World
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Region
9/21/2022 9:11:02 PM
The International Monetary Fund on Wednesday condemned Lebanon's "very slow" progress on implementing reforms needed to unlock a $3-billion-dollar loan crucial to revive its battered economy.
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War in Ukraine
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Diplomacy
9/20/2022 9:44:18 PM
US President Joe Biden plans to urge reform of the UN Security Council when he attends the General Assembly, White House National Security Advisor Jake Sullivan said Tuesday.
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World
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International
9/1/2022 9:07:36 PM
Mexico President Andres Manuel Lopez Obrador has proposed legislation that would transfer the country's nominally civilian National Guard to total military authority, completing a dramatic shift for a politician who earlier in his career called for soldiers to return to the barracks.
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War in Ukraine
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Diplomacy
8/29/2022 2:44:10 PM
German Chancellor Olaf Scholz on Monday pledged emphatic backing for Ukraine and other hopefuls to join the European Union, underlining however that enlarging the bloc to "30 or 36" would require reforms.
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Business
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Economy
8/25/2022 10:57:40 PM
Prime Minister Mostafa Madbouly has issued a decree reconstituting the board of directors of Egypt's Financial Regulatory Authority (FRA), a cabinet statement read on Thursday.
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World
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International
7/31/2022 10:47:18 AM
Sri Lanka's new president Ranil Wickremesinghe has formally invited MPs to join an all-party unity government to revive the bankrupt economy by undertaking painful reforms, his office said Sunday.
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World
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International
7/29/2022 3:24:45 PM
The World Bank said Friday it would not offer new funding to Sri Lanka unless the bankrupt island nation carried out "deep structural reforms" to stabilise its crashing economy.
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