gas tanker

Controversy Surrounds IMF-EGYPT $12 billion Loan Deal

The International Monetary Fund (IMF) recently reached an initial agreement to lend $12 billion to Egypt to bolster an economy battered by years of unrest, a move that was denounced by some activists who see the loan terms will further cripple the Egyptian economy. A letter by a number of political groups and figures was […]

The GCC Countries in a Multipolar Currency System: Is a New Currency Emerging?

In the mid of the 2008 financial meltdown, countries from the periphery injected their hard-won money into the rescue of Western financial institutions and near-defaulting governments. Those events have definitely cleared the way for the arrival of new powers on the international scene, showed in the rush at calling up an enlarged G-20 in early […]

Moroccan economy shakes off Covid impact, IMF says

Morocco’s economic activity has recovered most of the ground lost during the severe global recession of 2020 with a growth rate of 6.3% last year and medium-term growth prospects of 3.5%, as the country continues its fiscal and monetary stimulus, the IMF said. Morocco has posted the highest growth rate in the MENA region in […]