debt
External debt is $79 bn, says Finance Minister after financial outlook improves
Business
January 17, 2018
External debt is $79 bn, says Finance Minister after financial outlook improves
Minister of Finance Amr al-Jarhi stated on Tuesday that Egypt’s external debt stood at $79 billion at the end of…
Parliament approves first preliminary bankruptcy law
Egypt
January 10, 2018
Parliament approves first preliminary bankruptcy law
In an effort to improve Egypt’s ranking as an attractive market for investment, the Egyptian General Assembly in Parliament approved the…
Egypt’s central bank keeps interest rates unchanged
Economy
January 2, 2018
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
November 23, 2017
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
November 16, 2017
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
November 15, 2017
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
November 2, 2017
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
August 1, 2017
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
March 14, 2017
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
October 12, 2016
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…