debt
Lebanon finances point to debt restructuring: Fitch Ratings
Middle East
February 19, 2020
Lebanon finances point to debt restructuring: Fitch Ratings
BEIRUT (AP) — Lebanon’s financial situation points to a likely restructuring of the country’s massive debt and financial sector to…
Bail-in or bail-out? Lebanese banks in need of rescue as crisis bites
Middle East
February 11, 2020
Bail-in or bail-out? Lebanese banks in need of rescue as crisis bites
LONDON (Reuters) – The worst is yet to come for Lebanon’s banks. The old-style way of running the economy –…
Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps
Middle East
February 3, 2020
Exclusive: Draft of Lebanese financial rescue plan promises ‘painful’ steps
BEIRUT (Reuters) – Lebanon’s new government will look to reduce interest rates and recapitalise banks as part of a broad…
Egypt jumps 55 places in Open Budget Index: Finance Minister
Business
December 3, 2019
Egypt jumps 55 places in Open Budget Index: Finance Minister
Egyptian Finance Minister Mohamed Maait announced Monday that Egypt has jumped 55 positions in its budget transparency index the “Open…
Lebanon pays back $1.5 billion Eurobond amid economic crisis
Middle East
November 29, 2019
Lebanon pays back $1.5 billion Eurobond amid economic crisis
BEIRUT (AP) — Lebanon paid back a Eurobond worth $1.5 billion that was scheduled to mature Thursday, a Finance Ministry…
Mayor says Turkish state banks shut out Istanbul after poll win
Middle East
November 25, 2019
Mayor says Turkish state banks shut out Istanbul after poll win
ISTANBUL (Reuters) — Istanbul’s new mayor has said Turkey’s state banks stopped making routine loans to the city after a…
Fear, turmoil in Lebanon as its financial crisis worsens
Middle East
November 21, 2019
Fear, turmoil in Lebanon as its financial crisis worsens
BEIRUT (AP) — On one of Beirut’s main commercial streets, store owners are cutting salaries by half or considering shutting…
Dubai ready to take on more debt if needed: economic adviser
Middle East
October 2, 2019
Dubai ready to take on more debt if needed: economic adviser
DUBAI (Reuters) – Dubai continues to service its debt and is ready to take on more if needed, an economic…
Egypt aims to reduce government debt to 77.5% by June 2022
Business
August 17, 2019
Egypt aims to reduce government debt to 77.5% by June 2022
The Egyptian Finance Ministry announced on Friday that the government is targeting the budget for the fiscal year 2019/2020 with…
Lebanese veterans block highways in budget protest
Middle East
June 27, 2019
Lebanese veterans block highways in budget protest
BEIRUT (Reuters) – Hundreds of veterans burned tyres and blocked highways in Lebanon on Thursday to protest plans to tax…