CAIRO: Egypt received approval on Friday from the International Monetary Fund’s executive board for an expanded, $8 billion financial support program that enables the immediate release of $820 million, the IMF said in a statement.
LONDON: Ashleigh Plumptre, the intrepid Al-Ittihad center-back, admits she is not easily starstruck, but there is one sportswoman, that if they were to meet, would make her quite “nervous.” Since arriving in Saudi Arabia in September, she has not rushed to seek autographs or take selfies with icons such as Karim Benzema or N’Golo Kante, … Read more
RIYADH: Lebanon’s steep economic distress has led US-based Moody’s Investors Service to uphold its rating to “C” in light of its bondholders’ losses likely to exceed 65 percent. According to Moody’s, the rating reflects the losses incurred due to Lebanon’s ongoing default since March 16, 2020. The country has steeped in an economic, financial and … Read more