IMF: global debt had hit a record high, and 3 states are to blame
Global debt has reached a record high, and three countries account for more than half of it, according to a new…
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Financial Institutions
Egypt’s FinMin to address parliament on FY2018/19 budgeting
Egypt's Minister of Finance Amr El-Garhy is scheduled Sunday to address the parliament on the country's new…
Egypt issues preliminary financial statement for FY2018/19 budgeting
Egypt's Finance Ministry issued Friday the preliminary financial statement for the 2018/2019 budget for the third…
Egypt closes €2 bln euro-denominated bond issuance: ministry
Egypt closed a €2 billion euro-denominated two-tranche bond issuance on Monday that was 3.8x oversubscribed, the…
Egypt to increase a maximum of €2 bln with planned bond
Egypt will raise up to €2 billion with its planned dual-tranche bond, which is expected to price later on Monday, a…
Egypt to maintain customs exchange rate at 16 pounds per $1 for 6 month in a row
Egypt has decided to maintain its current customs exchange rate of EGP 16 per $1, effective in April, for the…
Mastercard unveils roadmap for contactless payment consistency
Mastercard announced an initiative to create greater payment consistency by making “tap and go” standard in the…
Egypt’s Finance Ministry dismisses reports of exchange rate 17.5 pounds to 1 USD
Sources at the Egyptian Ministry of Finance denied that the government has fixed the exchange rate for EGP to USD…
NKC expects strong rebound for Egypt economy after reforms
Egypt’s economy is expected to witness more rebound in the coming period, an economist at Oxford Economics’…
Egyptian external debt may exceed $87.5 bln on Eurobond sale
Egypt’s external debt could surpass $87.5 billion now, on the back of issuing Eurobonds, according to a…