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IMF agrees on $5.2B for Egypt as virus threatens economy

The International Monetary Fund said Friday it has reached an agreement with authorities in Egypt to allocate $5.2 billion to help the country cope with the economic fallout of the coronavirus outbreak. "This will safeguard the gains achieved by Egypt over the past three years and put...

OPEC, allies meet to discuss output cuts

OPEC and its allies are to meet via video conference Saturday to assess their current deal to slash production as oil prices tentatively recover on easing coronavirus lockdowns. The meeting, originally scheduled for next week, was brought forward to Saturday at the suggestion of...

Italy expels Tunisian tied to Berlin Christmas market attack

Italy's interior ministry said Saturday it had expelled a Tunisian national linked to the man who carried out a deadly 2016 attack on a Berlin Christmas market. Montassar Yaakoubi, described by the ministry as "an associate of the Tunisian terrorist Anis Amri," was flown to Tunisia on a...

Iran to stay open despite second wave fears

President Hassan Rouhani insisted Saturday that the country had no option but to keep its economy open despite warnings of a second wave of the epidemic that Rouhani claimed to have spawned from a wedding party in the country. Iran, which has been gradually relaxing its lockdown since...