The International Monetary Fund (IMF) has approved a $1.2 billion disbursement to Egypt, completing the fourth review of Cairo’s $8 billion economic reform programme, the lender announced on Tuesday.
The IMF also granted Egypt access to an additional $1.3 billion under its resilience and sustainability facility, bringing total new funding to $2.5 billion.
The approval comes after the IMF allowed Egypt to waive its primary budget surplus target, revising the country’s fiscal commitments. The primary balance surplus is now expected to reach 4% of GDP in the 2025/26 fiscal year, beginning July 1.
The IMF programme, signed in March 2024, aims to stabilize Egypt’s economy, which has been hit by high inflation, currency shortages, and regional trade disruptions.
President Vladimir Putin’s announcement of a temporary Easter ceasefire in Ukraine has drawn strong criticism from Kyiv, as Ukrainian leaders question the sincerity behind Moscow’s gesture amid continued hostilities and deep mistrust.
President Volodymyr Zelenskyy has denounced a Russian drone strike that occurred just hours after the start of a declared Easter truce, calling it proof of Vladimir Putin’s blatant disregard for both the holiday and human life.
Elon Musk announced on Saturday that he plans to visit India later this year, following a discussion with Indian Prime Minister Narendra Modi about potential collaboration in technology and innovation.
Mount Etna, one of the world's most active volcanoes, erupted once more early on Saturday, with ash and lava spewing from the southeastern crater. The eruption, which began late Friday night, continued through midday, local sources reported.
In a groundbreaking event, China hosted the world’s first humanoid robot race, where robots and humans competed side by side. The competition saw Chinese-made Tien Kung Ultra emerge victorious in the half-marathon, completing the 21-kilometer course in an impressive 2 hours and 40 minutes.
The U.S. Supreme Court has paused the Trump administration’s deportation of alleged Venezuelan gang members, citing legal concerns.
Protesters and police clashed in the Israeli town of Mazor as crowds rallied against Prime Minister Netanyahu’s ongoing war in Gaza.
Hamas claims it has lost contact with the group holding Edan Alexander, a U.S.-Israeli soldier, after an Israeli airstrike reportedly killed one of his guards.
Tehran and Washington have wrapped up their second round of nuclear talks, aiming to revive stalled diplomacy and explore the path to a potential agreement.
Jordan's King Abdullah II and Egypt's President Abdel Fattah al-Sisi held a phone conversation on Saturday to discuss ongoing efforts to end the Israeli war on Gaza, which has been ongoing since October 7, 2023.
The Russian ruble has emerged as the top-performing currency globally in 2025, registering an impressive 38% appreciation against the US dollar since the beginning of the year, according to a report by Bloomberg.
A small plane crashed near Kopake, New York, on April 13, killing at 6 people. The Mitsubishi MU-2B aircraft, carrying six people, went down under unclear circumstances. This marks the second aviation accident in New York in a week, raising safety concerns.
The Holy Fire ceremony stands as one of Christianity's most enduring and mysterious rituals, drawing thousands of pilgrims to Jerusalem each year.
Several regions in Ukraine faced heightened alert on Palm Sunday, as reports of explosions and missile threats drew public attention and official responses.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
The U.S. Supreme Court has paused the Trump administration’s deportation of alleged Venezuelan gang members, citing legal concerns.
Protesters and police clashed in the Israeli town of Mazor as crowds rallied against Prime Minister Netanyahu’s ongoing war in Gaza.
Hamas claims it has lost contact with the group holding Edan Alexander, a U.S.-Israeli soldier, after an Israeli airstrike reportedly killed one of his guards.
Tehran and Washington have wrapped up their second round of nuclear talks, aiming to revive stalled diplomacy and explore the path to a potential agreement.
Jordan's King Abdullah II and Egypt's President Abdel Fattah al-Sisi held a phone conversation on Saturday to discuss ongoing efforts to end the Israeli war on Gaza, which has been ongoing since October 7, 2023.
The U.S. Supreme Court has paused the Trump administration’s deportation of alleged Venezuelan gang members, citing legal concerns.
Protesters and police clashed in the Israeli town of Mazor as crowds rallied against Prime Minister Netanyahu’s ongoing war in Gaza.
Hamas claims it has lost contact with the group holding Edan Alexander, a U.S.-Israeli soldier, after an Israeli airstrike reportedly killed one of his guards.
Tehran and Washington have wrapped up their second round of nuclear talks, aiming to revive stalled diplomacy and explore the path to a potential agreement.
Jordan's King Abdullah II and Egypt's President Abdel Fattah al-Sisi held a phone conversation on Saturday to discuss ongoing efforts to end the Israeli war on Gaza, which has been ongoing since October 7, 2023.
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