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" Debt"

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Business - Economy
2/19/2024 1:43:12 PM
The Ministry of Finance will submit a Tax Policy Strategy for Egypt 2024/2030 document to the National Dialogue next week, Minister of Finance Mohamed Maait said in a statement on Monday.

Al-Ahram Weekly - Opinion
1/30/2024 9:34:52 PM
Gamal Wagdy advises against securitising dollar revenues from Egypt’s main hard-currency earners like the Suez Canal

Business - Markets & Companies
1/29/2024 11:35:32 PM
A Hong Kong court ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about China’s rising debt burden.

Business - Economy
1/28/2024 6:19:56 PM
The Central Bank of Egypt (CBE) is set to issue EGP 130 billion treasury bills (T-bills) on Tuesday with four different maturities between April 2024 and January 2025.

Business - Economy
1/21/2024 2:09:18 PM
Egypt-listed Maridive and Oil Services announced that its subsidiary Ocean Marine UAE is finalizing a deal to sell a $40 million marine unit to settle a part of a $45.5 million debt to banks, according to a bourse statement on Sunday.

Business - Economy
1/14/2024 8:17:07 PM
Egypt’s short-term external debt reached an all-time high at around $30.27 billion in the first quarter of the fiscal year (FY)2023/2024 – July/September – up from $28.15 billion in the previous quarter, according to data released on Sunday by the Central Bank of Egypt (CBE).

Business - Economy
1/9/2024 1:34:19 PM
President Abdel-Fattah El-Sisi has instructed the government to increase spending on improving Egyptians’ quality of life in the upcoming fiscal year 2024/2025, which starts on 1 July, Minister of Finance Mohamed Maait stated on Tuesday.

Sports - World
1/8/2024 8:36:59 PM
Ivan Toney said he has to repay Brentford's support after an eight-month betting ban, rather than look for pastures new in the January transfer window as he prepares to return to action.

Business - Economy
1/4/2024 8:19:22 PM
A mission from the International Monetary Fund (IMF) would probably visit Cairo in January to finalize a new time frame for the loan agreement with Egypt, said Cabinet Spokesperson Mohamed El-Hommosani during a phone call with Ala Mas’ouliati TV show on Wednesday.

Al-Ahram Weekly - Opinion
1/2/2024 8:31:05 PM
Could other currencies eventually replace the dollar as the world’s main reserve currency, asks Mahmoud Mohieldin

Sports - World
12/23/2023 4:48:53 PM
Italian side Fiorentina have blasted plans for a breakaway Super League as merely a way for Europe's biggest football clubs to plug gaps in their troubled finances.

Business - Economy
12/20/2023 1:59:04 PM
Egypt has initiated negotiations with India to explore the possibility of issuing rupee-denominated bonds in the Indian markets, Minister of Finance Mohamed Maait said during a press conference on Wednesday.

Business - Economy
12/16/2023 7:32:13 PM
Despite Egypt’s racing time to fulfill its commitments under the $3 billion loan deal with the International Monetary Fund (IMF), 2023 witnessed no progress from the Egyptian side in terms of the completion of the first and second reviews under the programme.

Business - Economy
12/13/2023 10:45:45 PM
Developing countries spent a record $443 billion to service external debt in 2022 as global borrowing costs surged, straining budgets and raising the risk of debt crises, according to the World Bank’s latest International Debt Report.

Business - Economy
12/12/2023 3:47:16 PM
Egypt is required to pay $32.79 billion in debt service in 2024, according to data released by the Central Bank of Egypt (CBE).

Business - Economy
12/12/2023 2:43:35 PM
Egypt could seek to restructure its debt in 2024 to mitigate the burden of debt service payments through 2025, according to a research note by Morgan Stanley titled "Nine Surprises for 2024".

Business - Energy
12/7/2023 1:20:11 PM
Mahmoud Mohieldin, UN climate change high-level champion for Egypt, emphasized the significance of implementing debt swaps as a key mechanism to finance climate and development initiatives in developing countries.

Business - Economy
12/6/2023 2:02:02 PM
Egypt’s budget deficit will increase by one percent in the fiscal year (FY) 2023/2024 to account for 7.1 percent of GDP, up from 6.1 percent in FY2022/2023, due to the increase in debt service payments, according to a report by Investment bank HC Securities and Investment on Wednesday.

Business - Economy
12/4/2023 3:29:52 PM
Egypt’s budget deficit rose to 3.85 percent of GDP during the first quarter (July-September) of FY 2023/2024, up from 2.05 percent in the corresponding quarter in FY 2022/ 2023.

Business - Economy
11/30/2023 10:47:57 PM
The UAE has renewed a $1 billion deposit at the Central Bank of Egypt (CBE) for three years to 1 July 2026 instead of 1 July 2023, according to the External Position report released on Thursday.

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