IMF Completes Egypt Review, Approves New Arrangement
The Executive Board of the International Monetary Fund (IMF) has completed the fourth review of Egypt’s economic reform program supported by the EFF arrangement. This enables the authorities to immediately draw about US$1.2 billion (SDR 922.87 million), bringing Egypt’s total purchases under the EFF to about US$3,207 million (SDR 2,420.22 million or 119 percent of quota). Egypt’s 46-month...
US Dollar Faces Weekly Losses Amid Trade Tariff De-Escalation
markets analysis on behalf of Konstantinos Chrysikos Head of Customer Relationship Management at Kudotrade
The US Dollar remained under pressure, poised to end the week in negative territory as easing trade tensions boost risk appetite. Investor sentiment improved after the US rolled back tariffs on imports from Mexico and Canada, following Wednesday’s decision to halt a planned...
Nigeria to Expand Access to Clean Energy for 17.5 Million People
The World Bank: today approved the Nigeria Distributed Access through Renewable Energy Scale-up (DARES)...
Standard Chartered partners with Dubai FinTech Summit to drive the future of digital financial innovation
International banking group Standard Chartered has taken on host sponsorship...
Dubai Chamber of Commerce supports growth of Chinese logistics company
With the support of Dubai Chamber of Commerce, Chinese logistics company J&T Express has expanded...
Olympics will take Egypt construction to new heights
Following the news that Egypt is planning to bid to host the 2036 Olympic Games;
Colin Foreman, Deputy Editor...
Africa Set To Become a Digital Talent Powerhouse
according to experts at inaugural GITEX Global Leaders Vision Summit
Africa is poised to power the world’s digital...
Agricultural technology in Africa at the heart of the continent's food Security action plans
A collaborative effort to invest in agriculture, agri-tech solutions and...
What Egypt"s plans to adapt to the ‘New Normal’ Post-COVID Economy
Egypt is welcoming the international community to “the new normal” — a two-speed world...
COVAX expects to start sending millions of COVID-19 vaccines to Africa in February
COVAX has notified countries in Africa of the estimated dose allocation for...
Quarantine Measures Threaten Aviation Restart in Africa & the Middle East
The International Air Transport Association (IATA) urged governments in Africa and the Middle...
