Egypt debt

Qandil denies reports US will drop US$1 bn in debt
Business

Qandil denies reports US will drop US$1 bn in debt

Prime Minister Hesham Qandil denied on Tuesday reports that the US would drop US$1 billion from the country’s debt load.…
US delegation arrives in Cairo Tuesday to discuss aid package
Business

US delegation arrives in Cairo Tuesday to discuss aid package

  The US is resuming negotiations with the Egyptian government regarding an economic aid package to help Egypt overcome the…
Update: Finance minister assures IMF won’t interfere with policy, addresses Qatar loan
Egypt

Update: Finance minister assures IMF won’t interfere with policy, addresses Qatar loan

The International Monetary Fund would not interfere with the Egyptian government’s new reform policies, said Finance Minister Momtaz al-Saeed on…
Egypt struggles to buy fuel as credit dries up
Business

Egypt struggles to buy fuel as credit dries up

  LONDON/CAIRO — Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug…
IMF envoys: Egypt visit is to express solidarity, not discuss loan details
Business

IMF envoys: Egypt visit is to express solidarity, not discuss loan details

The International Monetary Fund's delegation in Cairo met with representatives from the economic ministries to agree on the steps Egypt…
After a year of uncertainty, Qatar and IMF open pockets
Egypt

After a year of uncertainty, Qatar and IMF open pockets

The Egyptian government entered negotiations with the International Monetary Fund for a US$4.8 billion loan on Wednesday, taking the most…
Update: IMF loan violates Sharia, says Nour Party
Egypt

Update: IMF loan violates Sharia, says Nour Party

The government should not borrow from the International Monetary Fund to boost the country’s cash reserve, the Salafi Nour Party…
World Bank, IMF offers to Egypt spur debt fears
Business

World Bank, IMF offers to Egypt spur debt fears

If Egypt accepts the US$20 billion potentially on offer from international sources, it will be setting itself for up for…
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