Register for our free newsletter
Egypt will approach the International Monetary Fund (IMF) and other financial institutions to help get its economy back on track once new President Mohamed Mursi appoints a government, one of his financial advisers told Reuters.
July 2, 2012 3:45
Egypt's central bank sold 2.5 billion Egyptian pounds ($414.24 million) in five and seven-year bonds on Monday, the same amount it had initially sought, the finance ministry said.
June 12, 2012 11:14
UAE banks only moderately exposed to Europe; Able to handle significant rise in bad loans; but foreign funding shock could tighten bank liquidity
June 10, 2012 5:52
In its annual review of the world's top oil producer, the IMF said growth was likely to slow to 6 percent, down from 7.1 percent last year.
May 30, 2012 1:27
Signs of revival in Tunisian economy; Tourism, foreign investment coming back; No request for IMF financing
May 27, 2012 12:12
Refinancing the debts of the United Arab Emirates’ government-related entities (GREs) remains a challenge made more difficult as European banks…
May 22, 2012 9:06
The recent tightening of international sanctions against Iran are expected to only have a “moderate” impact on the economic growth…
May 21, 2012 8:54
Bahrain must consider policies to help restore confidence in its economy after last year's pro-democracy uprisings hurt the small oil exporter's growth, the IMF said on Tuesday; Bahrain's economic growth slowed to 2.2 percent in 2011, down from 4.5 percent in the previous year after social unrest forced businesses to close and investors to withdraw from the country's mutual funds
April 25, 2012 10:49
Egyptian Planning Minister Faiza Abu El-Naga said on Monday that Egypt is expected to sign a $3.2 billion financing package with the International Monetary Fund in June, three months later than it had previously hoped.
April 3, 2012 3:58
After a sharp setback last week, UAE stock markets are now showing high trading volumes. But some say it remains fragile, speculative and depends on a benign global backdrop.
March 15, 2012 11:07
The International Monetary Fund said on Thursday a delegation will visit Egypt later in March for discussions on an IMF lending program after Egyptian authorities recently submitted economic plans to the global lender.
March 10, 2012 5:05
Egypt attracted solid demand at an auction of seven-year treasury bonds on Monday amid optimism that foreign donors will help ease the country's fiscal crisis, traders said.
March 6, 2012 10:57
The International Monetary Fund (IMF) flagged higher oil prices as a rising threat to the global economy on Friday, urging policymakers to keep a close eye on western tensions with Iran, which is facing punitive measures against its crude supplies.
February 25, 2012 12:14
Abu Dhabi's Etihad is interested in holding talks with the Irish government over the sale of its 25 percent stake in Aer Lingus, the Middle East airline's Chief Executive James Hogan told the Irish Independent newspaper.
February 11, 2012 6:16
Saudi Arabia's Finance Minister Ibrahim Al-Assaf said on Tuesday that it was too early for his country to offer a fresh financial contribution to the International Monetary Fund.
February 7, 2012 2:31
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
