debt
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…
CBE pays back US$1 billion debt owed to Qatar
Business
July 2, 2016
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
October 11, 2015
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…