debt

External debt is $79 bn, says Finance Minister after financial outlook improves
Business

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

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

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…
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