Egypt reserves cross $55 billion for first time in June
Egypt’s net international reserves reached a provisional $55.0723 billion at the end of June 2026. The total exceeded $55 billion for the first time and...
Tag : IMF
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...
Bahrain and UK review regional tensions and economic risks
MANAMA: Bahrain and the United Kingdom said after meetings in Manama that they had reviewed regional and international developments, with both sides emphasizing the security and economic...
South Korea FX reserves fall in March on stronger dollar
SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations...
India forex reserves hit record $728.49bn on RBI data
MUMBAI: India’s foreign exchange reserves rose to a record $728.494 billion in the week ended Feb. 27, according to data released by the Reserve Bank of India on...
UAE President meets IMF Managing Director in Abu Dhabi
MENA Newswire, ABU DHABI: UAE President Sheikh Mohamed bin Zayed Al Nahyan received Kristalina Georgieva, Managing Director of the International Monetary Fund, at Qasr Al Shati in Abu...
Modi’s fiscal strategy propels India’s GDP growth to 6.2% in Q3
India's economy grew at a rate of 6.2% in the third quarter of the financial year 2024-25, up from 5.6% in the previous quarter, according...
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...
Argentina’s Milei in political turmoil over $LIBRA cryptocurrency crash
Argentine President Javier Milei is facing significant political fallout after endorsing a cryptocurrency token that quickly skyrocketed in value before crashing, leading opposition lawmakers to...
IMF to cut surcharges for member countries starting November 1
MENA Newswire News Desk: The International Monetary Fund (IMF) has announced a significant reduction in borrowing costs for its member countries, cutting these costs by...