Egypt’s domestic debt hikes 16.9% in FY2017-18: c.bank
Egypt’s domestic debt rose 16.9 percent to 3.695 trillion Egyptian pounds ($206.7 billion) in the financial year…
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Soaring production costs lead to liquidation of Egypt’s National Cement
Due to continued financial losses and debt accumulation, the government has decided to liquidate the National…
Egypt cancels 5 and 10-year treasury bond sales for the second time in a week
Central Bank of Egypt (CBE) data showed on Monday that five and ten-year treasury bond sales worth EGP 3.5 billion…
Egypt’s c.bank issues 16.25 bln pounds treasury bills Sunday
The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth 16.25 billion pounds on Sunday on behalf…
Africa’s richest man arranging $4.5 bln of financing for oil refinery
Africa’s richest man, Aliko Dangote, has arranged over $4.5 billion in debt financing for his Nigerian oil refinery…
Dubai to host MENA’s 1st debt restructuring and NPL-focused summit in Sept.
Middle East Global Advisors, a leading financial intelligence platform spearheading the development of…
Energy group DEA to receive all Egypt areas in late 2019
Energy group DEA said on Tuesday it would receive a payment of all Egypt’s debt arears as promised in late 2019.
Average Egypt debt at 46,656 pounds per person
The average debt per capita of Egypt reached 46,656 Egyptian pounds ($2,607.84) at the end of 2017, according to a…
ECB has lost its independence over debt crisis: ex-member
The European Central Bank (ECB) has lost its independence in the wake of gaining additional powers following the…
Egypt to pay $350 mln debt to Paris Club next month
Egypt plans to pay back $350 million of debt to the Paris Club of creditor countries next month, a senior source…