G7 finance chiefs ignore rising debt load
The G7 finance chiefs gathered in Italy for their annual meeting, with debt concerns notably absent from the agenda…
Browsing Tag
debts
Climate spending may push nations to debt crisis
Emerging countries are facing a record external debt service of $400 billion this year as they allocate the…
Egypt is capable of meeting all global debt obligations – PM
Egypt is fully capable of meeting its international debt obligations, Prime Minister Moustafa Madbouly said on…
Egypt’s Agricultural Bank launches an initiative to settle EGP6.3 bln for defaulting…
The state-owned Agricultural Bank of Egypt (ABE) announced the launch of an initiative to settle debts worth of 6.3…
Railway Authority’s debts in Egypt at EGP 250 billion- spokesperson
The total debts of Egypt's Railway Authority reached around 250 billion Egyptian pounds ($15.9 billion), according…
CBE announces regulations for paying postponed debts
The Central Bank of Egypt (CBE) announced a new mechanism to collect the proceeds on debts an loans during the…
Egypt pays foreign debts of $1.3 bln during H1 of FY 2018/2019
Egypt's pays foreign debts of $1.3 billion at the first half of FY 2018/2019 compared with $1.2 billion in the…
Iron, Steel to pay EGP 750mn to Banque Misr to settle long-standing debt dispute
Egypt's state-owned Iron and Steel Company will pay 750 million pounds to Banque Misr after a new deal was signed…
Egypt paid $30 bln in loans last year: c.bank
Sources in the Central Bank of Egypt (CBE) announced on Wednesday that Egypt paid $US30 billion to foreign bodies…
Egypt to fully pay off foreign oil companies’ debts in two years: minister
Egypt will fully pay off its debt to foreign oil companies within two years if it keeps making payments at the same…
10.9% drop in Egypt’s FY2016/17 budget deficit
Egypt's budget deficit fell by 10.9 percent during the financial year year 2016/2017 from 12.5 percent during the…
EALB bank eyes debt settlement deals of 750mn Egyptian pounds this year
The state-run Egyptian Arab Land Bank (EALB) plans to reach settlement deals with troubled clients for debts worth…
UAE’s Dana Gas receives overdue $20 million additional payment from Egypt
Sharjah-based Dana Gas said Sunday it has received an additional $20 million (AED 74 million) from the Egyptian…
UAE’s Dana Gas receives overdue $50 million payment from Egypt
Sharjah-based Dana Gas said Thursday it received $50 million from the Egyptian government as partial payment of…
Egypt doubles ticket price on Cairo metro to two pounds
Transport Minister Hesham Arafat issued a decision doubling the metro ticket price to two Egyptian pounds starting…
Egypt PM: government mulls ways to repay Metro debts
Egyptian Prime Minister Sherif Ismail said the government is grappling with the financial woes of Cairo's vital…
Egypt’s central bank, investors reach deal to settle pre-float credit lines: bankers
Egypt's central bank has agreed with Egyptian investors to settle credit lines opened before it floated the pound…
UAE’s Dana Gas says freezes new Egypt investments over debts
Dana Gas will not make new investments in Egypt because of delays in obtaining payments owed to it there, its chief…
Egypt’s debts to foreign oil companies hit $3.6 billion – minister
Egypt’s debts to foreign oil companies have reached $3.6 billion, the country’s Petroleum Minister Tarek el-Molla…
National Bank of Egypt may delay tourism clients’ installments to 2018-end
Egypt’s largest bank, the state-owned National Bank of Egypt (NBE) may delay collecting debts for clients operating…
Debts to international oil firms hit $3.5b end-Sept: Egypt’s minister
Egypt's debts to international oil and gas companies rose to $3.58 billion by the end of September, the oil…
Venezuela uses distressed bonds to settle debts with drugmakers
Venezuela has settled debts with at least three global drug companies by giving them bonds that trade at a heavy…
Venezuela uses distressed bonds to settle debts with drugmakers
Venezuela has settled debts with at least three global drug companies by giving them bonds that trade at a heavy…
Egypt’s National Bank injects $2.5mn to float debts of paper firm
The National Bank of Egypt (NBE) has pumped 20 million Egyptian pounds (US$2.5 million) to float the debts of a…
NBE non-performing debts portfolio hits $792mn end-October
National Bank of Egypt's (NBE) non-performing debts portfolio reached 6.2 billion Egyptian pounds (US$791.8…
NBE settles $7million-debts of a Contracting Firm this Week
The National Bank of Egypt (NBE) reached a debt settlement with a contracting firm this week, Executive board…
IDB rebuts Bloomberg’s Statement on Egypt Repayment Issues
Ahmad Mohamed Ali, president of the Islamic Development Bank Group, has emphatically denied allegations on…
BG says It believes Egypt’s Debts Will Be Paid Off
BG Group PLC says it has no doubt that the Egyptian government will repay all its debts, confirming that it looks…
Mobinil Says May Divest Non-core Assets to Reduce Debts
Egyptian Company for Mobile Services – Mobinil announced it is currently studying a number of options to reduce its…
Egypt Says Preparing Timetable for Energy Debts
Egypt is preparing a timetable for repaying arrears on debts it owes to foreign oil companies operating in the…
Egypt’s Economic Woes Deepen as Mursi Marks One Year in Office
One year after President Mohammed Morsi came to office, foreign investors are still waiting for reassurances it is…
Egypt Ranked 10th Riskiest Debtor In World; Study
Egypt was named as the 10th riskiest debtor in the world in a study by CMA Sovereign Global, a research agency for…
Fujitsu Demands Its EGP 30 Mln Dues at Government
The amount of debts owned by the government to Fujitsu for computers and technological infrastructure has reached…
Mahlab: Arab Contractors Owes the Government EGP 9 Mln
Eng. Ibrahim Mahlab, Chairman of Arab Contractors, has justified his resignation highlighting that he believes in…
UK credit rating threat underlines need to deal with debts, says Osborne
The chancellor, George Osborne, has defended the government's economic strategy and described the threat…