debt

Egypt’s central bank keeps interest rates unchanged
Economy

Egypt’s central bank keeps interest rates unchanged

Egypt’s central bank kept its key interest rates unchanged on Thursday as inflation remained in double digits a year after…
Egypt to receive next IMF loan disbursal in December – minister
Egypt

Egypt to receive next IMF loan disbursal in December – minister

Egypt is set to receive its next International Monetary Fund loan disbursal in December, Finance Minister Amr El Garhy said…
Britain says no link between £400 million debt to Iran and jailed worker
Middle East

Britain says no link between £400 million debt to Iran and jailed worker

British Prime Minister Theresa May’s spokesman said on Thursday there was no link between a 400 million pound ($528 million)…
Egypt’s CIB to boost Tier 2 debt as it looks to African growth
Economy

Egypt’s CIB to boost Tier 2 debt as it looks to African growth

Egypt’s Commercial International Bank (CIB) plans to boost Tier 2 capital through dollar-denominated subordinated loans as it seeks to diversify…
Egypt pays off $1 bln debt to Turkey, pays Libya $250 mln
Business

Egypt pays off $1 bln debt to Turkey, pays Libya $250 mln

Egypt has paid off the final installment, worth $200 million, of a $1 billion loan it took out from Turkey…
Chinese woman undergoes plastic surgery to evade $3.7 million debt
World

Chinese woman undergoes plastic surgery to evade $3.7 million debt

A 59-year old woman from the central Chinese city of Wuhan transformed her appearance through plastic surgery in order to…
Cairo Metro at risk of power cuts due to LE300 million in unpaid bills
Egypt

Cairo Metro at risk of power cuts due to LE300 million in unpaid bills

Drinking water and electricity companies have threatened cut off services to the Cairo Metro due to the delayed payment of LE300…
Egypt’s debts to international oil companies rise to $3.58 bln at end-Sept: minister
Business

Egypt’s debts to international oil companies rise to $3.58 bln at end-Sept: minister

Egypt's debts to international oil and gas companies rose to $3.58 billion by the end of September, the oil minister…
CBE pays back US$1 billion debt owed to Qatar
Business

CBE pays back US$1 billion debt owed to Qatar

Egypt has returned to Qatar US$1 billion deposited by the Gulf state to help prop up the Egyptian central bank's…
Govt bank threatens state agencies over delayed debts
Egypt

Govt bank threatens state agencies over delayed debts

The Planning Ministry’s National Investment Bank has threatened to take legal action against several debt-defaulting government agencies, a source has…
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