Egypt reserves cross $55 billion for first time in June
CAIRO / RankWire.AI / – Egypt’s net international reserves reached a provisional $55.0723 billion at the end of June 2026. The total exceeded $55 billion...
Tag : IMF
Egypt secures $1 billion World Bank reform support
Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide....
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 expanded by 6.2% in Q3 FY25, driven by robust rural demand, higher government spending, and strong exports despite global trade uncertainties....
Potential US pullback from IMF could impact credit ratings
US Treasury Secretary Scott Bessent’s absence at G20 fuels fears of an American retreat from the IMF and World Bank, raising concerns over global financial...
Argentina’s Milei in political turmoil over $LIBRA cryptocurrency crash
Argentina’s opposition calls for Milei’s impeachment after he promoted $LIBRA, a crypto token that surged then crashed, sparking backlash and a government investigation....
IMF to cut surcharges for member countries starting November 1
The IMF has reduced member borrowing costs by 36%, cutting annual surcharges by $1.2 billion. Five countries, including Argentina and Egypt, will benefit from the...