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...
New Fund for Pandemic Prevention, Preparedness and Response Formally Established
The new financial intermediary fund (FIF) for pandemic prevention, preparedness, and response (PPR) was officially established by...
Unemployment rate in the OECD area falls further to 5.5% in November 2021
The monthly unemployment rate in the OECD area fell to 5.5% in November 2021,...
Global academics and young people bring first Riyadh Philosophy Conference to a close
The inaugural Riyadh Philosophy Conference closed today after three days in which...
FRANCE ALUMNI MEETINGS IN RAMALLAH
Mr. René Troccaz, Consul General of France in Jerusalem, and Ms. Béatrice Khaiat, Director General of Campus France, will open...
Pre-Cyber Monday Digital Sales Up 18% Despite Higher Prices, Smaller Discounts, and Fewer Products
Early holiday shopping is driving an increase in digital sales this...
What awaits the most popular financial markets this year?
Q: What do you foresee the best-performing markets to be in 2020?
A: In the current climate it is...
Business ties
France & the Middle East
by Franco-Arab Chamber of Commerce – Paris
One of Middle East Business› objectives is to encourage investment in the region....
