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...
Korea’s foreign reserves hit five-year low despite monthly increase
The Republic of Korea’s foreign reserves saw a slight increase in December compared to the previous month but recorded their lowest year-end level in five...
UAE’s non-oil economy set for 4.7% growth in 2024, says UBS expert
MENA Newswire News Desk: The UAE's non-oil economy is projected to grow by 4.7% in 2024, according to Michael Bolliger, Chief Investment Officer for Global...
IMF’s 2024 global growth forecast highlights U.S. resilience
The International Monetary Fund (IMF) has revised its global growth projection for 2024, increasing it by 0.2 percentage points to 3.1%. This upward revision is...
IMF highlights AI’s threat to 40% of global jobs, rising inequality
In a recent assessment by the International Monetary Fund (IMF), it has been revealed that nearly 40% of jobs worldwide could be influenced by the...
Pakistan drowns in economic turmoil and terrorism despite IMF lifeline
In a recent move to help stabilize Pakistan's severe economic crisis, the International Monetary Fund (IMF) has sanctioned a nine-month Stand-by Arrangement of US$3 billion....