International Monetary Fund Managing Director Kristalina Georgieva told Reuters the Fund was "seriously considering" a possible augmentation of Egypt's $3 billion loan program.
Kristalina Georgieva © Mena Today
International Monetary Fund Managing Director Kristalina Georgieva told Reuters the Fund was "seriously considering" a possible augmentation of Egypt's $3 billion loan program due to economic difficulties posed by the Israel-Hamas war.
Georgieva told Reuters in an interview on the sidelines of the Asia Pacific Economic Cooperation Summit that the conflict is "devastating" Gaza's population and economy and has "severe impacts" on the West Bank's economy and is also posing difficulties for neighboring countries Egypt, Lebanon and Jordan through the loss of tourism and higher energy costs.
Masdar, the United Arab Emirates’ leading renewable energy company, announced on Thursday that it has fully acquired Greek renewables firm Terna Energy, marking a significant step in its international growth strategy.
President Tayyip Erdogan said that Turkey is not expecting a negative situation for its trade, production and exports as a result of U.S. President Donald Trump's tariffs, which went into effect on Wednesday.
Egyptian Minister of Foreign Affairs, Badr Abdelatty, met on Wednesday with UAE Deputy Prime Minister and Foreign Minister, Sheikh Abdullah bin Zayed Al Nahyan, to discuss ways to enhance cooperation across political, economic, investment, and trade sectors.
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