IMF

IMF predicts global recession, forecast for Egypt is positive
Business

IMF predicts global recession, forecast for Egypt is positive

The International Monetary Fund on Tuesday significantly reduced its expectations for global economic growth, anticipating a global recession amid the…
Middle East economies battered by virus, oil prices and conflict
Middle East

Middle East economies battered by virus, oil prices and conflict

DUBAI, United Arab Emirates (AP) — The Middle East, already wracked by high numbers of unemployed youth, unrest, conflict and…
US job losses surge as world leaders urge Easter distancing
World

US job losses surge as world leaders urge Easter distancing

NEW YORK (AP) — A staggering 16.8 million Americans lost their jobs in just three weeks, a measure of how…
Iran presses for IMF loan; some business to stay shut despite easing
Middle East

Iran presses for IMF loan; some business to stay shut despite easing

DUBAI (Reuters) – President Hassan Rouhani pressed harder on Wednesday for a US$5 billion emergency IMF loan Iran has sought…
Jordan IMF program needs adjusting after coronavirus: central bank governor
Middle East

Jordan IMF program needs adjusting after coronavirus: central bank governor

AMMAN (Reuters) – Jordan is in discussions with the IMF seeking to change some of the objectives of a four-year…
Europe’s virus toll surges, world plunges into recession
World

Europe’s virus toll surges, world plunges into recession

Europe was reeling from a staggering surge in coronavirus deaths Saturday, still days or weeks from what experts desperately hope…
Lebanon’s Hezbollah won’t oppose IMF aid under ‘reasonable conditions’: chief
Middle East

Lebanon’s Hezbollah won’t oppose IMF aid under ‘reasonable conditions’: chief

Lebanon’s powerful Hezbollah movement, which has strongly opposed foreign interference in the country’s crisis-hit economy, said Friday it could accept…
Iran asks for billions in loans as virus deaths climb to 429
Middle East

Iran asks for billions in loans as virus deaths climb to 429

TEHRAN, Iran (AP) — Iran said Thursday it had asked for an emergency $5 billion loan from the International Monetary…
Lebanon hopes debt talks could be wrapped up within nine months: minister
Middle East

Lebanon hopes debt talks could be wrapped up within nine months: minister

BEIRUT (Reuters) – Negotiations to restructure Lebanon’s foreign currency debt should not last more than nine months if well-intentioned, the…
290 million students out of school as global virus battle intensifies
World

290 million students out of school as global virus battle intensifies

Almost 300 million students worldwide faced weeks at home on Thursday with Italy the latest country to shut schools over…
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