debts

Egypt’s debts to foreign oil companies up by US$800 ml in three months
Business

Egypt’s debts to foreign oil companies up by US$800 ml in three months

The government's debt to foreign oil companies increased by US$800 million in the first quarter of 2014 to reach $5.7…
Egypt debts in highest record in country’s history by 2013 end
Business

Egypt debts in highest record in country’s history by 2013 end

Egyptian debt has reached a new high record of LE1,865 billion at the end of December 2013, up from LE1,709…
CBE Governor: Egypt’s foreign reserves rose to $18.9 bn
Business

CBE Governor: Egypt’s foreign reserves rose to $18.9 bn

Gulf assistance packages to Egypt have helped increase its foreign currency reserves to US$18.9 billion, according to Central Bank Governor…
Egypt preparing timetable for energy debts
Business

Egypt preparing timetable for energy debts

Egypt is preparing a timetable for repaying arrears on debts it owes to foreign oil companies operating in the country,…
Egypt could turn $5.4-billion petroleum debts into bonds
Business

Egypt could turn $5.4-billion petroleum debts into bonds

The Egyptian General Petroleum Corporation (EGPC) is looking into proposals that would convert debt owed to foreign oil companies operating…
Wednesday’s papers: Anti-Muslim film stirs anger, Shafiq is ‘wanted’
Egypt

Wednesday’s papers: Anti-Muslim film stirs anger, Shafiq is ‘wanted’

News of the US Embassy protests against a film about Prophet Mohamed as well as former presidential candidate Ahmed Shafiq…
US Chamber of Commerce supports reducing Egypt’s debt
Business

US Chamber of Commerce supports reducing Egypt’s debt

  An official from the US Chamber of Commerce in Cairo on Sunday called for a campaign to reduce Egypt’s…
Government divided over IMF loan
Business

Government divided over IMF loan

Government officials have issued conflicting statements regarding the economic reform program that was designed in return for a loan of…
Foreign ministers discuss Iraqi debts to Egypt
Egypt

Foreign ministers discuss Iraqi debts to Egypt

Egyptian Foreign Minister Mohamed Kamel Amr met on Sunday with his Iraqi counterpart, Hoshyar Zebari, to discuss ways to settle…
Campaign calls for canceling Egypt’s debts amid credit rating downgrade
Business

Campaign calls for canceling Egypt’s debts amid credit rating downgrade

In an effort to ease its US$35 billion debt load, Egypt is hoping to change loan conditions and salvage the…
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