Morocco
Aya Gold & Silver triples output as Morocco mine scales up
Aya Gold & Silver has kicked off 2025 with a sharp surge in production, signaling a major ramp-up at its flagship Zgounder mine in Morocco.
IMF says making 'excellent progress' in talks with Egypt
1 min Mena Today
There was "excellent progress" in talks with Egypt to enhance its IMF loan program, and "comprehensive support" was needed to help the country deal with pressures posed by refugees from the war in Gaza, the International Monetary Fund said on Thursday.
IMF spokesperson Julie Kozack told a regular news briefing that IMF staff and Egyptian authorities agreed on the main elements of program changes under combined first and second reviews © Mena Today
There was "excellent progress" in talks with Egypt to enhance its IMF loan program, and "comprehensive support" was needed to help the country deal with pressures posed by refugees from the war in Gaza, the International Monetary Fund said on Thursday.
IMF spokesperson Julie Kozack told a regular news briefing that IMF staff and Egyptian authorities agreed on the main elements of program changes under combined first and second reviews of Egypt's existing $3 billion loan and "authorities have expressed a strong commitment" to them.
She declined to discuss details of the Egypt package as the negotiations are continuing.
Regarding pressure on the talks posed by the issue of Gaza refugees, Kozack said: "There is a need to have a very comprehensive support package for Egypt and we're working very closely with both the Egyptian authorities and their partners to ensure that Egypt does not have any residual financing needs and also to ensure that the program is able to ensure macroeconomic and financial stability in Egypt."
By Andrea Shalal
Related
Turkey
Turkish tycoon Yildirim launches $2B nickel push to challenge China’s grip
Turkish billionaire Robert Yuksel Yildirim is setting his sights on a $2 billion spree of nickel acquisitions, aiming to carve out a major role in the global battery metals supply chain and offer a Western-backed alternative to China’s dominance in the sector.
Palestine
Cairo supports EU aid plan, rejects Hamas role in Gaza
Egypt has thrown its full diplomatic weight behind the European Commission’s newly announced €1.6 billion multi-year support program for the Palestinian Authority (PA), calling it a clear affirmation of Europe’s commitment to Palestinian statehood and institutional resilience — explicitly excluding any role for Hamas in Gaza’s future.
Subscribe to our newsletter
