Egypt to receive $1.2 billion as part of IMF program in January, finance minister says

Egypt to receive $1.2 billion as part of IMF program in January, finance minister says
Ahmed Kouchouk, Egypt's Finance Minister looks on during a press conference to review the results of the financial performance at the headquarters of the Ministry of Finance in the government district at the New Administrative Capital (NAC) in the east of Cairo, Egypt, August 6, 2024. (Reuters)
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Updated 06 January 2025
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Egypt to receive $1.2 billion as part of IMF program in January, finance minister says

Egypt to receive $1.2 billion as part of IMF program in January, finance minister says

CAIRO: Egypt is expected to receive a $1.2 billion disbursement from the International Monetary Fund this month as part of an $8 billion program with the international lender, Finance Minister Ahmed Kouchouk said on Sunday.
Last month, the IMF said it reached a staff-level agreement with Egypt on the fourth review of the 46-month Extended Fund Facility arrangement, potentially unlocking the $1.2 billion disbursement.
“The (IMF’s executive) board will convene in January and, God willing, we will receive the amount in January,” Kouchouk told ON TV in an interview, adding Egypt had not requested an increase to the $8 billion loan.
Egypt, grappling with high inflation and shortages of foreign currency, agreed to the expanded IMF program in March. A sharp decline in Suez Canal revenue caused by regional tensions over the last year compounded its economic woes.
Kouchouk also said Egypt is targeting about $3 billion in the remainder of the current fiscal year, which runs until the end of June, through “diverse issuances” to investors, without elaborating further. His comments came in response to a question about whether Egypt plans to offer new bonds to foreign investors this year.


University students lead a strike in Serbia as populist president plans a rally to counter protests

University students lead a strike in Serbia as populist president plans a rally to counter protests
Updated 57 min 3 sec ago
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University students lead a strike in Serbia as populist president plans a rally to counter protests

University students lead a strike in Serbia as populist president plans a rally to counter protests
  • Daily traffic blockades took place on Friday in various cities and towns in the Balkan nation
  • “Let’s take freedom in our hands,” students told the citizens in their strike call

BELGRADE: A student-led strike closed down numerous businesses and drew tens of thousands into the streets throughout Serbia on Friday as populist President Aleksandar Vucic planned a big rally to counter persistent anti-government protests that have challenged his tight grip on power.
Daily traffic blockades took place on Friday in various cities and towns in the Balkan nation, held to commemorate the victims of a deadly canopy collapse which killed 15 people in November. Huge crowds later flooded the streets for noisy protest marches through the capital Belgrade and elsewhere in the country.
“Let’s take freedom in our hands,” students told the citizens in their strike call.
Many in Serbia believe the huge concrete canopy at a train station in the northern city of Novi Sad fell down because of sloppy reconstruction work that resulted from corruption.
Weeks-long protests demanding accountability over the crash have been the biggest since Vucic came to power more than a decade ago. He has faced accusations of curbing democratic freedoms despite formally seeking European Union membership for Serbia.
It was not immediately possible to determine how many people and companies joined the students’ call for a one-day general strike on Friday. They included restaurants, bars, theaters, bakeries, various shops and bookstores.
Vucic will gather his supporters in the central town of Jagodina later on Friday. He has announced plans to form a nationwide political movement in the style of Russia’s President Vladimir Putin that would help ensure the dominance of his right-wing Serbian Progressive Party.
The president and his mainstream media have accused the students of working under orders from foreign intelligence services to overthrow the authorities while pro-government thugs have repeatedly attacked protesting citizens.
No incidents were reported during the 15-minute traffic blockades on Friday that started at 11.52, the exact time of the canopy collapse in Novi Sad.
During a blockade last week in Belgrade, a car rammed into protesting students, seriously injuring a young woman.
Serbian universities have been blockaded for two months, along with many schools. A lawyers’ association also has gone on strike but it remained unclear how many people stayed away from work in the state-run institutions on Friday.
As well as Belgrade and Novi Sad, protest marches were also held Friday in the southern city of Nis and smaller cities, and even in Jagodina ahead of Vucic’s arrival.
“Things can’t stay the same anymore,” actor Goran Susljik told N1 regional television. “Students have offered us a possibility for a change.”
Serbia’s prosecutors have filed charges against 13 people for the canopy collapse, including a government minister and several state officials. But the former construction minister Goran Vesic has been released from detention, fueling doubts over the probe’s independence.
The main railway station in Novi Sad was renovated twice in recent years as part of a wider infrastructure deal with Chinese state companies.


Ukraine to evacuate more children from frontline villages

Ukraine to evacuate more children from frontline villages
Updated 24 January 2025
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Ukraine to evacuate more children from frontline villages

Ukraine to evacuate more children from frontline villages
  • “I have decided to start a mandatory evacuation of families with children” from around two dozen frontline villages and settlements, Donetsk region governor Vadym Filashkin said
  • Around 110 children lived in the area affected

KYIV: Ukraine on Friday announced the mandatory evacuation of dozens of families with children from frontline villages in the eastern Donetsk region.
Russia’s troops have been grinding across the region in recent months, capturing a string of settlements, most of them completely destroyed in the fighting since Russia invaded in February 2022.
“I have decided to start a mandatory evacuation of families with children” from around two dozen frontline villages and settlements, Donetsk region governor Vadym Filashkin said on Telegram.
Around 110 children lived in the area affected, he added.
“Children should live in peace and tranquility, not hide from shelling,” he said, urging parents to heed the order to leave.
The area is in the west of the Donetsk region, close to the internal border with Ukraine’s Dnipropretovsk region.
Russia in 2022 claimed to have annexed the Donetsk region, but has not asserted a formal claim to Dnipropretovsk.
The order to leave comes a day after officials in the northeastern Kharkiv region announced the evacuation of 267 children from several settlements there under threat of Russian attack.


Trump to visit disaster zones in North Carolina, California on first trip of second term

Trump to visit disaster zones in North Carolina, California on first trip of second term
Updated 24 January 2025
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Trump to visit disaster zones in North Carolina, California on first trip of second term

Trump to visit disaster zones in North Carolina, California on first trip of second term
  • The president is also heading to hurricane-battered western North Carolina

WASHINGTON: President Donald Trump is heading into the fifth day of his second term in office, striving to remake the traditional boundaries of Washington by asserting unprecedented executive power.
The president is also heading to hurricane-battered western North Carolina and wildfire-ravaged Los Angeles, using the first trip of his second administration to tour areas where politics has clouded the response to deadly disasters.


Kyiv says received bodies of 757 killed Ukrainian troops

Kyiv says received bodies of 757 killed Ukrainian troops
Updated 24 January 2025
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Kyiv says received bodies of 757 killed Ukrainian troops

Kyiv says received bodies of 757 killed Ukrainian troops
  • The exchange of prisoners and return of their remains is one of the few areas of cooperation between Moscow and Kyiv

KYIV: Kyiv said Friday it had received the bodies of hundreds of Ukrainian troops killed in battle with Russian forces, in one of the largest repatriations since Russia invaded.
The exchange of prisoners and return of their remains is one of the few areas of cooperation between Moscow and Kyiv since the Kremlin mobilized its army in Ukraine in February 2022.
The repatriation announced by the Coordination Headquarters for the Treatment of Prisoners of War, a Ukrainian state agency, is the largest in months and underscores the high cost and intensity of fighting ahead of the war’s three-year anniversary.
“The bodies of 757 fallen defenders were returned to Ukraine,” the Coordination Headquarters said in a post on social media.
It specified that 451 of the bodies were returned from the “Donetsk direction,” probably a reference to the battle for the mining and transport hub of Pokrovsk.
The city that once had around 60,000 residents has been devastated by months of Russian bombardments and is the Kremlin’s top military priority at the moment.
The statement also said 34 dead were returned from morgues inside Russia, where Kyiv last August mounted a shock offensive into Russia’s western Kursk region.
Friday’s repatriation is at least the fifth involving 500 or more Ukrainian bodies since October.
Military death tolls are state secrets both in Russia and Ukraine but Ukrainian President Volodymyr Zelensky revealed last December that 43,000 Ukrainian troops had been killed and 370,000 had been wounded since 2022.
The total number is likely to be significantly higher.
Russia does not announce the return of its bodies or give up-to-date information on the numbers of its troops killed fighting in Ukraine.


EU says it is ready to ease sanctions on Syria

EU says it is ready to ease sanctions on Syria
Updated 24 January 2025
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EU says it is ready to ease sanctions on Syria

EU says it is ready to ease sanctions on Syria
  • The top EU diplomat said the EU would start by easing sanctions that are necessary to rebuild the country

ANKARA: The European Union’s foreign policy chief said the 27-member bloc is ready to ease sanctions on Syria, but added the move would be a gradual one contingent on the transitional Syrian government’s actions.
Speaking during a joint news conference in Ankara with Turkiye’s foreign minister on Friday, Kaja Kallas also said the EU was considering introducing a “fallback mechanism” that would allow it to reimpose sanctions if the situation in Syria worsens.
“If we see the steps of the Syrian leadership going to the right direction, then we are also willing to ease next level of sanctions,” she said. “We also want to have a fallback mechanism. If we see that the developments are going to the wrong direction, we are also putting the sanctions back.”
The top EU diplomat said the EU would start by easing sanctions that are necessary to rebuild the country that has been battered by more than a decade of civil war.
The plan to ease sanctions on Syria would be discussed at a EU foreign ministers meeting on Monday, Kallas said.