Egypt secures $1 billion World Bank reform support
CAIRO: The World Bank Group has approved US$1 billion in new financing for Egypt to support private sector-led job creation, bolster macroeconomic and fiscal resilience, and advance measures...
Tag : emerging markets
India’s 77th Republic Day highlights growing EU economic ties
India marked its 77th Republic Day on Monday with senior European Union leaders attending the national celebrations in New Delhi, underscoring the country’s expanding global...
Argentina settles U.S. Treasury swap obligation in full
MENA Newswire, BUENOS AIRES: Argentina has repaid the United States $2.5 billion that it drew under a short term currency swap credit line from the U.S....
UN flags global economy operating near stagnation
NEW YORK: The global economy is experiencing a period of subdued economic performance marked by weak momentum and limited expansion, according to the latest assessment by the United...
Potential US pullback from IMF could impact credit ratings
Concerns over the United States' commitment to global financial institutions are intensifying following U.S. Treasury Secretary Scott Bessent’s absence at recent G20 meetings. His no-show...
IFC allocates 40% of $56B to climate initiatives in 2024
MENA Newswire News Desk: The International Finance Corporation (IFC), a member of the World Bank Group, achieved record-breaking financing of $56 billion during the fiscal...
Chinese Yuan hits record lows against surging US dollar
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China's domestic...