The International Monetary Fund Executive board approved a three-year, $6 billion loan package for Pakistan on Wednesday.
The tranches were fully subscribed by a syndicate of leading UAE banks, the government statement said.
Egypt will remove subsidies on most energy products by June 15, it told the International Monetary Fund in a January letter released by the IMF on Saturday as part of a review of Cairo’s three-year, $12 billion loan programme with the lender.
The International Monetary Fund (IMF) cut its forecast for Russian economic growth in 2019 to 1.2% from 1.4% after a weak first quarter, saying broader reforms would be needed for stronger growth.
Euro zone stocks surged on Wednesday as investors piled into firms with big dividends on hopes European Central Bank chief nominee Christine Lagarde will maintain the ECB’s dovish stance, while Italian shares jumped over 2% on avoiding a EU sanction threat. The blue-chip eurozone STOXX index
China wants to reach an initial trade deal with the United States, President Xi Jinping said on Friday, but is “not afraid” to fight back when necessary and will enact economic reforms at its own pace.
Breakbulk Middle East, an internationally acclaimed conference and exhibition, reveals ‘Education Day” initiative. The event, which will take place from 25th February to 26th February 2020 at Dubai World Trade Center,
Experts and analysts revealed during the 8th Chief Audit Executive Conference (CAE) in Dubai that the UAE is marching ahead in the region in adopting Artificial Intelligence and smart technologies.