Israel
Israel’s economy: A Banana Republic run by monopolies
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
IMF may need to augment Egypt program amid Gaza war impacts, Georgieva says
1 min 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.
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.
Related
Egypt
Two CMA CGM vessels navigate the Suez Canal in sign of easing tension
Two vessels from CMA CGM, the world's third-largest container shipping line, have travelled through the Suez Canal, the authority that runs the waterway said on Tuesday, in a sign the disruptions linked to the Gaza war could be easing.
Israel
Private investment in Israeli Tech climbs
Israeli high-tech companies raised $15.6 billion in private funding in 2025, up sharply from $12.2 billion in 2024, according to preliminary data released on Monday by Startup Nation Central (SNC).
Subscribe to our newsletter
