Banks EBRD lifts Egypt’s 2025 growth forecast to 4.8% Aya Anwar Sep 25, 2025 0 Egypt’s economy is projected to grow by 4.8 per cent in 2025 before moderating to 4.5 per cent in 2026, according…
Egypt News Egypt to expand health insurance to cover quarter of population in 2 years – PM Aya Anwar Sep 17, 2025 0 Egypt’s Universal Health Insurance System (UHIA) will cover more than 25 per cent of the population within the next…
Africa News Uganda in debt financing talks for 85% of $3.15b railway project Aya Anwar Aug 20, 2025 0 Uganda is finalising talks with development finance institutions and export credit agencies to get 85 per cent of a…
Industry & Trade Aramco profit drops in Q2 ’25 Aya Anwar Aug 5, 2025 0 Saudi Arabia’s Aramco posted a 22 per cent year on year (YoY) drop in second-quarter net profit to $22.7 billion on…
Featured EU urges France to stay the course on budget cuts Aya El Sayed Dec 10, 2024 0 France must stay on course with its plans to lower debt and narrow its budget deficit, European Economics…
Featured UK deficit surpasses expectations, pressuring Reeves Aya El Sayed Oct 22, 2024 0 The UK government recorded a larger-than-expected deficit of £79.6 billion ($103.6 billion) for the first half of…
Featured China stands at critical juncture to unlock growth – IMF head Aya Anwar Mar 24, 2024 0 China stands at a critical juncture, as IMF Kristalina Georgieva emphasised the need to choose between traditional…
Africa News Kenya announces $2bln bond-buyback programme Aya Anwar Feb 8, 2024 0 Kenya announces that it would be selling new securities and making an offer to buy back its $2 billion in debt.
Stocks Ocean Marine UAE to settle its debt via a new deal Aya Anwar Jan 21, 2024 0 Ocean Marine, which is 51 per cent owned by Maridive, is in the process of finalising a deal to sell a marine unit…
Featured U.S. national debt hits record high $34 trillion Sama Mousa Jan 3, 2024 0 The United States' gross national debt has passed $34 trillion, in an all-time record high, Associated Press…
Money Egypt is capable of meeting all global debt obligations – PM Yomna Yasser Apr 30, 2023 0 Egypt is fully capable of meeting its international debt obligations, Prime Minister Moustafa Madbouly said on…
Money IMF: Egypt plans to reduce debt, lengthen maturities Yomna Yasser Jan 10, 2023 0 The authorities in Egypt plan to lengthen debt maturities to reduce rollover risks along with adopting debt…
Money IMF sees Egypt’s government gross debt hitting 91.4% of GDP in 2021 Amwal Al Ghad English Oct 14, 2021 0 The International Monetary Fund (IMF) projected on Wednesday Egypt’s government gross debt to reach 91.4 percent of…
Money Egypt’s external debt rises to $134.8 billion at March-end mohamed Hamdy Jul 11, 2021 0 Egypt’s external debt rose 21.15 percent year-on-year to $134.8 billion at the end of March from $123.5 billion in…
Money Egypt repaid $6.8 billion in foreign debt in Q1 – c.bank Amwal Al Ghad English Sep 1, 2020 0 Egypt repaid $6.8 billion in foreign debt throughout the first quarter of the year, the central bank said in a…
Money Egypt’s domestic debt hikes to more than 4 trillion pounds – c.bank Ahmed Ali Jun 16, 2020 0 Egypt’s domestic debt rose to 4.354 trillion pounds ($269.1 billion) at the end of 2019, around 69.5 percent of the…
Money Egypt’s domestic debt falls for first time in 11 years Ahmed Ali Jan 28, 2020 0 Egypt’s domestic debt shrank for the first time in more than 11 years during the first quarter of the 2019/2020…
Money Egypt to pay $1.6 billion as debt to Arab countries in 2H 2020: CBE Amwal Al Ghad English Jan 13, 2020 0 Egypt has to pay $1.694 billion during the first half of 2020, $5.167 billion during the second half, and $681…
Featured PM: Egypt debt-to-GDP at safe levels Amwal Al Ghad English Dec 28, 2019 0 Egypt’s public debt is currently at the limit of the level that can be considered safe, Prime Minister Moustafa…
Money Egypt’s debt to reach 83% of GDP in FY2019/20 Amwal Al Ghad English Dec 23, 2019 0 Egypt’s public debt is expected to decline this financial year at 83 percent from 90.5 percent at the end of last…
Money IMF keeps Egypt economic forecasts, sees FY21 inflation easing to 7.4% Amwal Al Ghad English Oct 12, 2019 0 The International Monetary Fund on Thursday confirmed its Egypt’s economic growth forecast of 5.9 percent this…
Money Capital Intelligence affirms Egypt’s B+ rating, maintains stable outlook Yomna Yasser Sep 10, 2019 0 Rating agency Capital Intelligence (CI) affirmed on Friday Egypt’s long-term foreign currency rating (LT FCR) and…
Money Moody’s keeps Egypt B2 rating, cites large debt load Amwal Al Ghad English Sep 1, 2019 0 Ratings agency Moody's confirmed on Thursday Egypt’s credit rating at B2 with stable outlook, but warned against…
Money Egypt’s debt likely to fall 77.5% in June 2022 – ministry Amwal Al Ghad English Aug 17, 2019 0 Egypt is targeting a 77.5 percent drop in the government debt at the end of 2022, allowing debt service burdens to…
Banks World Bank: Egypt external debt rises to $106 billion as of end March Amwal Al Ghad English Aug 15, 2019 0 Egypt’s external debt rose to $106.2 billion at the end of March from $96.6 billion at the end of 2018, according…
Money Egyptian Cabinet approves Euroclear deal for local debt Amwal Al Ghad English Jun 27, 2019 0 Egyptian Cabinet has approved on Thursday an agreement with Belgium-based Euroclear clearing house to settle the…
Money Egypt pays $406 mln debt to Afreximbank: central bank Ahmed Ali Jun 2, 2019 0 Egypt paid back $406 million of debt to the African Export-Import Bank (Afreximbank) at the end of May, the central…
Money Egypt’s domestic debt surges 4.108 trillion pounds in 2018 – c.bank Ahmed Ali May 22, 2019 0 Egypt’s domestic debt surged 20.3 percent to 4.108 trillion Egyptian pounds ($242 billion) in the year to…
Money Egypt central bank governor says foreign debt not worrying Dina Abdel Fattah Apr 13, 2019 0 Egypt’s central bank governor said on Friday the country was not worried about its levels of foreign debt.
Financial Institutions Egypt’s debt likely to fall 74% of GDP in FY2023: IMF Amwal Al Ghad English Apr 8, 2019 0 Egypt's debt is expected to decline around 74 percent of the gross domestic product (GDP) within the financial year…
Financial Institutions Saudi Arabia to issue debt up to $31.5 billion in 2019 Amwal Al Ghad English Mar 31, 2019 0 Saudi Arabia seeks to issue 118 billion riyals ($31.5 billion) in debt within 2019 to help finance the national…
Featured Egypt eyes 89% debt-to-GDP ratio in FY2020 Amwal Al Ghad English Mar 23, 2019 0 Egypt's government is targeting a public debt/GDP ratio of 89 percent within the financial year 2019/2020, the…
Financial Institutions Egypt’s short-term dollar debt drops to $14bn at 2018-end Amwal Al Ghad English Feb 3, 2019 0 Egypt’s short-term dollar-denominated debt fell $3.25 billion to about $14 billion at the end of 2018, the deputy…
Industry & Trade Egypt’s inflation likely to fall 10.7% in FY2019/20: Pharos Amwal Al Ghad English Jan 9, 2019 0 Egyptian inflation rate is expected to decline by 10.7 percent in financial year 2019/2020, Pharos Research…
Money Fitch sees Egypt fiscal deficit narrowing to 6.4% in FY2019/20 Amwal Al Ghad English Dec 12, 2018 0 Fitch Solutions said it expects Egypt’s fiscal deficit to continue to shrink to 7.8 percent and 6.4 percent in the…
Financial Institutions Egypt’s EFG Hermes to expand debt restructuring next year Amwal Al Ghad English Dec 4, 2018 0 Egypt's investment bank EFG Hermes is planning to expand its debt restructuring and securitisation activities…
Banks Egypt’s tax change could spur banks to step up private lending Amwal Al Ghad English Dec 2, 2018 0 A proposed change to the way Egypt taxes bank profits could encourage lenders to boost credit to the private sector…
Featured Egypt on track to achieve its financial targets: FinMin Amwal Al Ghad English Nov 24, 2018 0 Egypt’s state revenues grew 35.5 percent in the first quarter of this financial year, putting the government on…
Featured Egypt to repay all debts to foreign oil companies by end-2019 – ministry sources Mahmoud Shaaban Nov 5, 2018 0 Egypt plans to repay all of its $1.2 billion debt to foreign oil and gas companies by the end of 2019, oil ministry…
Financial Institutions Egypt’s debt to GDP to reach 80% in 4yrs Amwal Al Ghad English Nov 3, 2018 0 The Egyptian government is planning to reduce the ratio of public debt to the gross domestic product (GDP) to the…