Egypt debt

Egyptian minister calls on developed world to reduce debt burden on developing countries
Economy

Egyptian minister calls on developed world to reduce debt burden on developing countries

  Minister of Investment and International Cooperation Sahar Nasr on Monday urged developed countries to help alleviate the debt burden…
Average yields on Egypt’s 3- and 7-year T-bonds rise at auction
Economy

Average yields on Egypt’s 3- and 7-year T-bonds rise at auction

Average yields on Egypt’s three-year and seven-year treasury bonds rose at an auction on Monday, central bank data showed. The…
Egypt says 4 bln dollars of debt paid to African Export-Import Bank
Economy

Egypt says 4 bln dollars of debt paid to African Export-Import Bank

 Egypt has paid back a total $4 billion to the African Export-Import Bank, the central bank said on Tuesday. The…
Egypt PM says very close to IMF deal
Business

Egypt PM says very close to IMF deal

Egypt aims to secure agreement on a US$4.8 billion loan from the International Monetary Fund in a few days to…
PM: IMF loan must support Egypt’s poor
Egypt

PM: IMF loan must support Egypt’s poor

Egypt will not accept a US$4.8 billion International Monetary Fund loan unless it is consistent with economic reform policies that…
Loan negotiations could conclude by November, says IMF
Egypt

Loan negotiations could conclude by November, says IMF

The International Monetary Fund is optimistic that negotiations for a US$4.8 billion loan to Egypt could conclude by mid-November, said…
Egypt scraps T-bill sale, seen as bid to keep rates low
Business

Egypt scraps T-bill sale, seen as bid to keep rates low

Egypt's Finance Ministry said it had cancelled an auction of LE3.5 billion (US$573.8 million) of treasury bills planned for Wednesday,…
The alternative guide to solving Egypt’s economic crisis
Business

The alternative guide to solving Egypt’s economic crisis

Egypt is currently taking a series of massive measures which officials say will help fix the country’s ailing economy. In…
No opportunity for Morsy-Obama meeting in New York
Egypt

No opportunity for Morsy-Obama meeting in New York

President Mohamed Morsy is not planning to meet with US President Barack Obama during his trip to New York later…
Egypt public debt reaches record LE1.386 trillion
Business

Egypt public debt reaches record LE1.386 trillion

Domestic public debt in Egypt has reached an unprecedented LE1.386 trillion according to Finance Ministry indices based on a report…
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