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War on Gaza - War on Gaza
2/11/2024 6:15:31 PM
The Israeli war on Gaza has devastated the economies of both the embattled Gaza Strip and the occupied West Bank, the International Monetary Fund's chief said Sunday, adding that only "durable peace" would improve the outlook.

Sports - World
2/7/2024 10:45:06 PM
UEFA pledged Wednesday to pay at least 2.46 billion euros ($2.65 billion) in prize money to clubs playing in the Champions League next season when it expands to 36 teams.

Business - Economy
2/6/2024 11:36:31 AM
Shares were mixed Tuesday in Asia, where Chinese stocks surged after a government investment fund said it would step up stock purchases and a report said leader Xi Jinping was set to meet with officials to discuss the markets.

Al-Ahram Weekly - World
2/5/2024 7:57:06 PM
The decision by several countries to suspend funding for the UN Relief and Works Agency for Palestinian Refugees following Israeli allegations will affect its ability to fulfil its crucial role in Gaza and the region.

Sports - World
2/5/2024 3:43:24 PM
Organisers of a Hong Kong football match which drew boos after star man Lionel Messi failed to play said Monday they deeply regretted the no-show, and would withdraw a bid for a HK$16 million ($2 million) government grant.

Business - Economy
2/4/2024 7:54:26 PM
Goldman Sachs, the renowned American investment bank, anticipated that Egypt is on the verge of securing a $12 billion financing deal with the International Monetary Fund (IMF), according to a report by Asharq Bloomberg on their official account on X on Sunday.

Egypt - Foreign Affairs
2/3/2024 2:26:18 PM
Egypt’s Minister of Foreign Affairs Sameh Shoukry and his Norwegian counterpart Espen Barth Eide discussed in a phone call Saturday the challenges besetting the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) following the decision of some countries to suspend their funding to the agency.

Business - Economy
2/2/2024 7:28:02 PM
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva stated that Egypt and the lender are in advanced discussions regarding the augmentation of the Egyptian loan programme.

Business - Economy
2/2/2024 4:13:43 AM
The International Monetary Fund (IMF) announced on Thursday the successful completion of its delegation's visit to Cairo, focusing on discussions aimed at finalizing the first and second reviews of Egypt's reform program supported by the IMF's Extended Fund Facility (EFF).

Business - Economy
2/1/2024 9:51:33 PM
Negotiations are underway with international companies and funds regarding an agreement for developing Ras El-Hikma City in Egypt’s North Coast, according to Al Qahira News, citing a source.

War on Gaza - War on Gaza
2/1/2024 6:17:30 PM
The UN aid agency for Palestinian refugees said Thursday that international funding cuts may force the shutdown of its operations across the region "by the end of February".

Business - Economy
2/1/2024 12:28:44 PM
The global economy is expected to grow by 3.1 percent in 2024 and edge slightly higher to 3.2 percent in 2025, with projections indicating a moderate growth trajectory and a gradual easing of inflationary pressures over the next couple of years, according to the International Monetary Fund’s 2024 World Economic Outlook Report.

War on Gaza - War on Gaza
1/31/2024 10:15:00 PM
The UN continued to warn of the potential "collapse of the humanitarian system" in the Gaza Strip after some Western countries suspended funding to the UNRWA per wild Israeli allegations against the Palestinian refugee agency.

War on Gaza - War on Gaza
1/31/2024 8:49:31 PM
The United Nations agency for Palestinian refugees said on Wednesday that it is "extremely important" to conduct an independent investigation into Israeli allegations that 12 of its employees were involved in the October 7 Hamas operation against Israeli targets.

Business - Economy
1/31/2024 6:55:56 PM
Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), told Ahram Online that Egypt's GDP growth rate could increase by 5-6 percent if the government allows the private sector to play a leading role in Egypt's economy and reconsiders the role of the public sector.

War on Gaza - War on Gaza
1/30/2024 11:00:00 PM
The Israeli occupation army was preparing to shift some of its forces from Gaza to the restive Lebanese border, as international mediators pushed for a new deal to halt its war on the Strip. With Gazans already facing dire humanitarian conditions, the United Nations chief was set to meet on Tuesday with key donors who paused funding after members of the UN's Palestinian refugee agency were accused of taking part in the October 7 attack.

War on Gaza - War on Gaza
1/30/2024 10:21:07 PM
Around a dozen key donor countries have said they will halt funding to the UN agency for Palestinian refugees following Israel's allegations that staff members took part in Hamas's 7 October attack.

Al-Ahram Weekly - Economy
1/30/2024 9:21:03 PM
Vice President and CEO of the BRICS New Development Bank Vladimir Kazbekov spoke to Mohamed Al-Kazzaz about funding plans for Egypt

Business - Economy
1/30/2024 6:21:03 PM
Egypt’s real GDP growth is expected to recover, reaching 4.7 percent, in the upcoming fiscal year (FY) 2024/2025, backed by the financing and policy package set by the International Monetary Fund (IMF), Daniel Leigh, a division chief at the IMF’s Research Department, told Ahram Online (AO).

Business - Economy
1/30/2024 3:06:10 PM
The International Monetary Fund (IMF) has downgraded its forecasts for Egypt’s real GDP growth in the current FY2023/2024 to three percent, down from the 3.6 percent it projected in October, according to the updated World Economic Outlook (WEO) report released on Tuesday.

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