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" borrowing"

144 results

World - Africa
7/5/2024 5:59:24 PM
Kenyan President William Ruto on Friday announced fresh borrowing plans and spending cuts after contentious tax hikes were scrapped following protests that left 39 people dead.

Business - Economy
6/6/2024 4:23:20 PM
The European Central Bank made its first interest rate cut since 2019 Thursday, reducing borrowing costs from record highs, but gave few clues about its next move while warning of continuing inflation pressures.

Business - Economy
4/18/2024 6:51:07 PM
The war in Gaza, Red Sea shipping disruptions, and oil production cuts have exacerbated the high debt and the elevating borrowing cost issues in the Middle East and North Africa (MENA) region, including Egypt, the International Monetary Fund said on Thursday.

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
10/10/2023 3:20:23 PM
The recent decision by international credit rating agency Moody's to downgrade Egypt’s credit rating from B3 to Caa1 will inflate the cost of borrowing and place a heavier debt burden on the country, experts told Ahram Online.

Business - Economy
7/29/2023 10:39:53 PM
The German economy is still failing to grow, figures showed Friday, as the country that should be the industrial powerhouse for all of Europe struggles with high energy prices, rising borrowing costs and a lagging rebound from key trading partner China.

Business - Economy
6/20/2023 5:35:29 PM
Experts and party representatives at the Egyptian National Dialogue emphasized the importance of rationalizing public spending and reducing reliance on loans during a session on reforming the state's general budget on Tuesday.

Business - Economy
6/11/2023 8:40:03 PM
The government should do its best to restrict foreign borrowing to very narrow limits, particularly as high-interest rates are now exerting tremendous pressure on the public finances of world economies, including Egypt, said Chairman of Egypt Parliament's Budget Committee Fakhri El-Fiqi.

Al-Ahram Weekly - Egypt
6/6/2023 9:28:59 PM
The Senate approved the FY 2023-24 socioeconomic development plan amid calls for limits on foreign loans, reports Gamal Essam El-Din

Business - Markets & Companies
5/31/2023 12:28:29 PM
Asian markets sank Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.

Business - Economy
5/28/2023 10:04:21 AM
President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in principle on legislation to increase the nation’s borrowing authority and avoid a default.

World - International
5/25/2023 10:52:33 PM
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.

Business - Economy
5/16/2023 2:42:06 PM
The US government is facing increased borrowing costs due to the political crisis surrounding the nation's borrowing limit, Treasury Secretary Janet Yellen said Tuesday.

Business - Economy
5/16/2023 11:06:22 AM
Equities were mixed Tuesday as traders grew increasingly concerned that US lawmakers remain far apart in their bid to raise the country's borrowing limit to avert a default.

Business - Markets & Companies
3/23/2023 2:21:47 PM
Europe's stock markets opened lower Thursday before interest rate calls in Britain, Norway and Switzerland, after the US Federal Reserve hiked borrowing costs despite banking-sector turmoil.

Al-Ahram Weekly - Egypt
2/3/2023 8:27:00 PM
Transport Minister Kamel Al-Wazir responded to wide-ranging questions from MPs on his policy of borrowing to buy trains from Spain and Russia, reports Gamal Essam El-Din

Business - Economy
2/1/2023 6:30:24 PM
The United States hit its borrowing cap of $31.4 trillion in January, prompting the start of measures to avoid a default as Democrats and Republicans head towards another clash on raising or suspending the country's debt limit.

World - International
1/19/2023 5:45:58 PM
The US Treasury could start taking "extraordinary measures" Thursday to prevent a default on government debt, as Congress heads towards a high-stakes clash between Democrats and Republicans over raising the borrowing limit.

Business - Economy
12/21/2022 11:36:14 AM
UK state borrowing surged last month on fallout from sky-high inflation, notably government financial help for consumers and businesses struggling to afford soaring energy bills, official data showed Wednesday.

Business - Economy
11/22/2022 4:22:15 PM
British state borrowing jumped last month on fallout from costly energy support and soaring inflation, official data showed Tuesday.

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