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IMF chief says Egypt review may happen before the end of 2023
“We are very keen to see progress on the review as quickly as we can resolve the remaining issues. And yes, it is possible to have the review done within this year,” Kristalina Georgieva said. Middle East -
Pakistan PM thanks UAE President for financial help, explores ties in phone call
UAE President Sheikh Mohamed bin Zayed and Pakistan’s Prime Minister Shehbaz Sharif discussed ties and financial support over a phone call on ... Gulf -
China begins nationwide push to reveal hidden government debt
China has begun a fresh round of nationwide inspections to work out how much money local governments’ owe, according to people familiar with the ... World News -
Byju’s skips $40 million loan payment in dispute with lenders
Byju’s, once a high-flying Indian tech startup, has elected not to make any further payment to lenders of a $1.2 billion loan until a dispute is ... Technology -
Sri Lanka could wrap up debt restructure talks by September: President Wickremesinghe
Crisis-stricken Sri Lanka should be able to conclude newly-launched debt restructuring talks by September, or November at the latest, its president ... World News -
UAE imposes sanctions on 8 banks for failure to comply with NDDSF rules
The UAE Central Bank imposed administrative sanctions on eight banks over their failure to comply with rules linked to the Nationals Defaulted Debts ... Banking & Finance -
Adani pays back $200 million Holcim debt, seeks loan extension
Adani Cement Industries Ltd. has pre-paid $200 million in the past week, helping pare a $1 billion mezzanine loan taken from global banks to fund the ... Financial Markets -
UK confirms further $500 million in loan guarantees for Ukraine
Britain is ready to provide an extra $500 million of loan guarantees to Ukraine, taking the total this year to $1 billion, British finance minister ... World News -
Oman repays $2.9 billion in loans in Q1: Finance ministry
Oman repaid 1.1 billion rials ($2.86 billion) in loans in the first quarter, finance ministry figures show, bringing total public debt at the end of ... Gulf -
UAE bank ADCB denies it is in talks to sell $3.7 bln of bad loans
Abu Dhabi Commercial Bank PJSC (ADCB) is not in talks with funds to sell 13.5 billion dirham ($3.68 billion) of bad loans, it said late on Thursday in ... Banking & Finance -
Pakistan moves closer to IMF loan after Saudi Arabia commits $2 billion loan
Pakistan moved a step closer to an International Monetary Fund bailout after Saudi Arabia assured the global lender it will provide a $2 billion loan ... Saudi Arabia -
China rolls over $2 bln loan to Pakistan: Finance minister
Pakistan’s finance minister, Ishaq Dar, said on Friday that China had rolled over a $2 billion loan that matured last week, providing relief during ... World News -
Pakistan awaits China’s decision on rollover of $2 billion loan: Report
China is working on a request from cash-strapped Pakistan to roll over a $2-billion loan that matured last week, a top finance ministry official told ... World News -
Sri Lanka leader says IMF deal imminent after China’s pledge
Sri Lanka’s president said Tuesday that China has given crucial debt restructuring assurances that mean the bankrupt Indian Ocean nation could get its ... World News -
Markets brace for Pakistan default risk as $7 billion debt looms
Bondholders are bracing for a potential default by Pakistan as the beleaguered nation struggles to meet billions of dollars in debt repayments by June ... Economy -
Saudi Arabia eyes boosting investment in Pakistan to over $10 billion
Saudi Arabia’s Crown Prince Mohammed bin Salman has ordered exploring increasing the Kingdom’s assistance and investments in Pakistan, a step toward ... Saudi Arabia -
Most valuable Indian startup Byju’s seeking to restructure $1.2 billion loan
Indian online-education provider Byju’s is seeking to restructure its $1.2 billion loan as it struggles with steep losses and cost reduction targets, ... Technology -
China, Saudi Arabia assure $13 billion funding to Pakistan: Report
China and Saudi Arabia have assured $13 billion in funding to Pakistan as the cash-strapped nation grapples with the aftermath of catastrophic floods, ... World News -
Tunisia expects to reach loan agreement with IMF in coming weeks: Cenbank governor
Tunisia expects to reach a deal with the International Monetary Fund (IMF) in coming weeks on a loan of between $2 billion and $4 billion over three ... North Africa -
Egypt’s current account deficit widens to $2.8 billion in July-Sept
Egypt’s current account deficit widened to $2.8 billion in the July-September quarter from $1.4 billion in the same quarter of 2019 as the coronavirus ... Economy
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