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Egypt strikes expanded $8bn deal with the IMF

March 6, 2024

The deal comes as the central bank said it would let the Egyptian pound trade freely. Egypt has signed an expanded $8bn deal with the International Monetary Fund (IMF), Egypt’s Prime Minister Mostafa Madbouly has said. The new agreement announced on Wednesday is an expansion of the $3bn, 46-month Extended Fund Facility that the IMF struck with Egypt back in December 2022, which was predicated on the shift...

Russia takes more ground in east Ukraine but loses another ship at sea

March 6, 2024

Russian troops continued a relentless march in eastern Ukraine for a third straight week, giving defenders no respite since seizing Avdiivka on February 17. Geolocated footage on February 29 showed Russian troops had advanced 5km (3 miles) west of Avdiivka to the outskirts of Orlivka and Berdychi. The following day, they were in central Orlivka. By Monday, they were spotted close to a road that connects Orlivka to...

FEATURED POST

President-elect Trump has tapped former Sen. David Perdue, R-Ga., to serve as U.S. Ambassador to China.  In his announcement, Trump said Perdue …

The Police have barricaded the Ambala-Delhi border as the farmers will leave from Shambhu Border for Delhi at 1 pm.