forex news Dollar prices firm after bounce from multi-month lows, focus shifts to Fed Yomna Yasser May 24, 2017 0 The dollar held firm early on Wednesday, having rebounded from 6-1/2-month lows against its major peers thanks…
Banks In surprise move, Egypt’s CBE hikes key interest rates Yomna Yasser May 23, 2017 0 The Central Bank of Egypt raised its key interest rates by 200 basis points on Sunday, citing stronger economic…
Industry & Trade Egypt in $750 mln debt payout to oil firms Yomna Yasser May 17, 2017 0 Egypt is to make a debt payment of $750 million to international oil companies on June 1, Central Bank Governor…
Industry & Trade Cairo to make $750 mln debt payment to foreign oil firms on Jun. 1 Yomna Yasser May 16, 2017 0 Egypt will make a debt payment worth $750 million to international oil companies next June 1st, the country’s…
Banks Egypt to pay $720 million to Paris Club this month Yomna Yasser Jan 2, 2017 0 Egypt plans to pay back around $720 million to the Paris Club of creditor countries this month, the central bank…
Tech news Orange to unveil Egyptian unit’s debt restructuring strategy in January Ghada Ismail Nov 24, 2016 0 Orange Egypt will announce next January a new strategy for debt restructuring plan in coordination with the parent…
Banks EU draft plan targets new bank creditor class to bear losses Yomna Yasser Nov 23, 2016 0 European banks would be able to issue a new category of debt that could be wiped out in a crisis only after shares…
Banks 51% of Egypt’s external debt owed to seven countries: CBE Yomna Yasser Sep 1, 2016 0 37.3 percent of Egypt’s external debt comes from the Arab countries, mainly Saudi Arabia, Kuwait, and the UAE, a…
Banks Egypt returns to Qatar $7 bln, pays pack $250 mln debt to Libya Yomna Yasser Aug 8, 2016 0 Egypt has returned to Qatar $7 billion dues the Gulf state deposited to help prop up the Egyptian central bank's…
International News China foreign debt falls as yuan depreciation fears resurface Noha Gad Jun 30, 2016 0 China's outstanding foreign debt fell by $51.7 billion in the first quarter to $1.36 trillion, the foreign exchange…