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.
U.S. President Donald Trump has released a trove of documents related to the 1963 assassination of John F. Kennedy, fulfilling a campaign promise to provide greater transparency on the historic event.
U.S. President Donald Trump said on Tuesday that military aid to Ukraine was not discussed during his phone call with Russian President Vladimir Putin, despite the Kremlin stating that Putin had called for an end to U.S. support for Kyiv.
NASA astronauts Butch Wilmore and Suni Williams have returned to Earth after a nine-month mission on the International Space Station (ISS), landing in a SpaceX Crew Dragon capsule on Tuesday following prolonged delays due to technical failures on Boeing’s Starliner spacecraft.
The U.S. government on Tuesday released documents related to a legal battle over Prince Harry’s 2020 visa application but redacted large portions, citing privacy protections and a lack of evidence that he received special treatment.
Ukrainian President Volodymyr Zelenskyy said on Tuesday that Ukraine would support a U.S. proposal to halt attacks on Russian energy infrastructure but warned that Moscow was using the negotiations to delay and weaken Kyiv.
South Korean police will deploy 14,000 officers in Seoul on the day of President Yoon Suk Yeol’s impeachment ruling, anticipating protests and security threats. The Constitutional Court is set to deliver its verdict soon, with heightened measures in place.
China and Kazakhstan have agreed to deepen cooperation in key areas, including trade, security, and Belt and Road projects. At a high-level meeting in Beijing, officials emphasised stronger political ties, economic collaboration, and cultural exchanges to advance their strategic partnership.
NASA astronauts Butch Wilmore and Suni Williams completed an unexpectedly long 286-day mission on the ISS, returning to Earth aboard a SpaceX capsule after delays caused by technical issues with Boeing’s Starliner.
British Prime Minister Keir Starmer spoke with Ukrainian President Volodymyr Zelenskyy on Tuesday to discuss the progress made by U.S. President Donald Trump in ceasefire talks with Russia, with both leaders emphasising the importance of a just and lasting peace in Ukraine.
Fresh hostilities erupted in the Russia-Ukraine conflict on Wednesday, with reported air strikes causing infrastructure damage and evacuations despite a recently agreed partial ceasefire.
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Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
President Donald Trump has vowed to respond to the European Union's counter-tariffs, escalating tensions over the U.S. steel and aluminum duties that have sparked a trade dispute between the two economic powers.
Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders.
South Korean police will deploy 14,000 officers in Seoul on the day of President Yoon Suk Yeol’s impeachment ruling, anticipating protests and security threats. The Constitutional Court is set to deliver its verdict soon, with heightened measures in place.
British Prime Minister Keir Starmer spoke with Ukrainian President Volodymyr Zelenskyy on Tuesday to discuss the progress made by U.S. President Donald Trump in ceasefire talks with Russia, with both leaders emphasising the importance of a just and lasting peace in Ukraine.
Fresh hostilities erupted in the Russia-Ukraine conflict on Wednesday, with reported air strikes causing infrastructure damage and evacuations despite a recently agreed partial ceasefire.
Putin has paused energy facility strikes, but a full ceasefire remains elusive. The move signals ongoing tensions, with discussions about a wider peace deal set to begin, leaving questions about Ukraine’s role in the negotiations.
U.S. President Donald Trump has released a trove of documents related to the 1963 assassination of John F. Kennedy, fulfilling a campaign promise to provide greater transparency on the historic event.
South Korean police will deploy 14,000 officers in Seoul on the day of President Yoon Suk Yeol’s impeachment ruling, anticipating protests and security threats. The Constitutional Court is set to deliver its verdict soon, with heightened measures in place.
China and Kazakhstan have agreed to deepen cooperation in key areas, including trade, security, and Belt and Road projects. At a high-level meeting in Beijing, officials emphasised stronger political ties, economic collaboration, and cultural exchanges to advance their strategic partnership.
NASA astronauts Butch Wilmore and Suni Williams completed an unexpectedly long 286-day mission on the ISS, returning to Earth aboard a SpaceX capsule after delays caused by technical issues with Boeing’s Starliner.
British Prime Minister Keir Starmer spoke with Ukrainian President Volodymyr Zelenskyy on Tuesday to discuss the progress made by U.S. President Donald Trump in ceasefire talks with Russia, with both leaders emphasising the importance of a just and lasting peace in Ukraine.
Fresh hostilities erupted in the Russia-Ukraine conflict on Wednesday, with reported air strikes causing infrastructure damage and evacuations despite a recently agreed partial ceasefire.
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