debt

Govt: IMF to toughen Egypt’s loan conditions
Business

Govt: IMF to toughen Egypt’s loan conditions

The International Monetary Fund (IMF) will impose more stringent conditions on loans to Egypt, a senior Egyptian government official told…
Arabs may buy Egypt debt to cut highest yield since 2008
Business

Arabs may buy Egypt debt to cut highest yield since 2008

Arab governments or their investment arms may soon buy Egyptian treasury bills to help the government reduce the highest borrowing…
Egyptian contractors unable to compete for World Cup contracts
Business

Egyptian contractors unable to compete for World Cup contracts

Domestic contractors owed money by the Egyptian government are facing difficulties winning bids for infrastructure projects Qatar is planning for…
Co-opting Egypt’s farmers no longer feasible after 25 January
Egypt

Co-opting Egypt’s farmers no longer feasible after 25 January

Amid rising labor and social protests across Egypt, the ruling Supreme Council of the Armed Forces (SCAF) planned to breathe…
Egypt to rely on local market for financing, says minister
Business

Egypt to rely on local market for financing, says minister

ABU DHABI - Egypt has no plans to issue an international bond currently and will rely on local market to…
Egypt’s local borrowing may backfire on economy
Business

Egypt’s local borrowing may backfire on economy

Egypt’s increased reliance on local lenders to finance its budget shortfall may stifle any economic recovery by reducing the incentive…
Govt reaches deal with Iraq over ‘yellow remittances’ debt
Business

Govt reaches deal with Iraq over ‘yellow remittances’ debt

Egypt and Iraq have reached a final settlement on the money Iraq owes to Egyptian expatriates who returned home during…
PM to discuss frozen remittances with Iraqi delegation
Business

PM to discuss frozen remittances with Iraqi delegation

Prime Minister Essam Sharaf will meet with a delegation of the Iraqi Finance Ministry on Tuesday to resolve the problem…
World Bank, IMF offers to Egypt spur debt fears
Business

World Bank, IMF offers to Egypt spur debt fears

If Egypt accepts the US$20 billion potentially on offer from international sources, it will be setting itself for up for…
Is the economy on the brink of collapse?
Opinion

Is the economy on the brink of collapse?

Is the Egyptian economy on the brink of collapse? In recent weeks, a great many media reports and official statements…
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