World News

IMF Names Jihad Azour as Director of the Middle East and Central Asia Department

1/12/2016/IMF Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today announced her intention to appoint Jihad Azour as Director of the Middle East and Central Asia Department. He will assume his new position on March 1, 2017, replacing Masood Ahmed who left the Fund in October. “Mr. […]

Nigeria to finish Eurobond sale by end Q1, make currency more flexible: vice president

November 30, 2016/Reuters By Felix Onuah Nigeria hopes to conclude the sale of a $1 billion Eurobond by the end of the first quarter of 2017 and will seek to make its foreign exchange market more flexible, vice president Yemi Osinbajo said on Tuesday. Nigeria is in its deepest recession […]

OPEC begins debate on oil cuts amid deep disagreement

November 30, 2016/Reuters By Rania El Gamal and Alex Lawler VIENNA (Reuters) – OPEC began on Wednesday debating a deal to curtail oil production and prop up the price of crude, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action. Ministers from the Organization […]