Tags :International Monetary Fund

Banking Featured News Regional

More French Banks Likely to Exit Morocco

Global Business Magazine May 9, 2024

When French bank Societe Generale Marocaine de Banques (SocGen) announced its decision to quit Morocco, the North African country, last month, it Read More

Finance Featured News Regional

Egypt’s Forex Reserves Increase by $5 Billion Till March This

Global Business Magazine April 8, 2024

Egypt has added $5 billion to its net foreign reserves, the highest level since Russia’s war on Ukraine two years ago that Read More

Energy Featured News Regional

Egypt Plans to Import More Gas from Israel

Global Business Magazine December 12, 2023

With the much-feared risks from Israeli war on Gaza subsiding, Egypt’s Liquefied Natural Gas (LNG) from Israel has jumped 52% during the Read More

Energy Featured Finance News World

IFC and OCP sign Agreement for Green Loan to Build

Global Business Magazine October 13, 2023

International Finance Corporation (IFC) and OCP Group, the world's largest phosphate-based fertilizer producer in Morocco, took a new step in their collaboration Read More

Energy Featured News Regional

Fossil-fuel Subsidies Surge to Record $7 Trillion in 2022, says

Global Business Magazine August 28, 2023

Fossil-fuel subsidies surged to a record $7 trillion last year as governments supported consumers and businesses during the global spike in energy prices Read More

Economy Featured News Regional

Revenues of UAE Stood at $31.47 billion in Q1 of

Global Business Magazine July 26, 2023

The UAE government’s revenues in the first quarter of 2023 stood at $31.47 billion, while expenditures totalled $25.18 billion, the Ministry of Finance said Read More

Finance Environment Featured News Regional

Climate Finance is Grossly Inadequate in Developing Countries, says UAE

Global Business Magazine July 3, 2023

Sultan Al Jaber, the UAE’s Minister of Industry and Advanced Technology and COP28 President-Designate expressed concern over the availability of climate Read More

Economy Business Featured News

Egyptian Government Sells 9.5% Stake in Telecom Egypt

Global Business Magazine May 16, 2023

As part its economic reforms aimed at attracting private investors, the Egyptian government announced the selling of 9.5% stake (162.2 million shares) of state-owned Read More

Banking Featured News Regional

GCC Banks hike interest rates in line with US FED

Global Business Magazine November 3, 2022

In line with the US FED’s decision to hike the interest rates, the Central Banks in the UAE, Saudi and Bahrain Read More

Economy Featured News Regional

Saudi Arabia’s economy poised to grow at 7.6% in 2022,

Global Business Magazine September 1, 2022

The International Monetary Fund (IMF) said in its annual report that Saudi Arabia’s economy would register a growth rate of 7.6% during Read More

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