economy

US eyes virus ‘plateau’ as world weighs cautious reboot
World

US eyes virus ‘plateau’ as world weighs cautious reboot

Coronavirus deaths in the hard-hit United States were flat for a second consecutive day, with New York’s governor saying the…
Pandemic a ‘perfect storm’ for South Asia, World Bank says
World

Pandemic a ‘perfect storm’ for South Asia, World Bank says

South Asia is on course for its worst economic performance in 40 years, with decades of progress in the battle…
V-shaped or U-shaped? Some economists upbeat on virus recovery
World

V-shaped or U-shaped? Some economists upbeat on virus recovery

The coronavirus pandemic has hit like a worldwide hurricane, shutting activity in most economies simultaneously, but some forecasters are more…
Iran presses for IMF loan; some business to stay shut despite easing
Middle East

Iran presses for IMF loan; some business to stay shut despite easing

DUBAI (Reuters) – President Hassan Rouhani pressed harder on Wednesday for a US$5 billion emergency IMF loan Iran has sought…
Egypt’s foreign currency reserves fall due to coronavirus crisis
Business

Egypt’s foreign currency reserves fall due to coronavirus crisis

The Central Bank of Egypt (CBE) said that it has used US$5.4 billion from its foreign currency reserves during March…
Jordan IMF program needs adjusting after coronavirus: central bank governor
Middle East

Jordan IMF program needs adjusting after coronavirus: central bank governor

AMMAN (Reuters) – Jordan is in discussions with the IMF seeking to change some of the objectives of a four-year…
Egyptian govt. to provide assistance to private sector if needed: Sisi
Egypt

Egyptian govt. to provide assistance to private sector if needed: Sisi

Egypt’s government will provide assistance to the private sector of the economy if needed, President Abdel Fattah al-Sisi said on…
National Bank of Egypt opens bank account for donations against coronavirus
Economy

National Bank of Egypt opens bank account for donations against coronavirus

The National Bank of Egypt (NBE) on Monday opened bank account #111111 to receive donations from citizens supporting doctors and…
‘Complete collapse of economies’ ahead as Africa faces virus
World

‘Complete collapse of economies’ ahead as Africa faces virus

KAMPALA, Uganda (AP) — Some of Uganda’s poorest people used to work here, on the streets of Kampala, as fruit…
Egypt confirms six new deaths, 69 additional coronavirus cases, raising total to 779
Egypt

Egypt confirms six new deaths, 69 additional coronavirus cases, raising total to 779

Egypt on Wednesday confirmed six additional deaths and 69 new coronavirus cases, bringing the country’s number of confirmed total cases…
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