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Business
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Economy
4/2/2023 5:50:56 PM
Egypt’s external debt rose by 5.1 percent in the fourth quarter (4Q) of 2022, reaching $162.94 billion compared to 154.94 billion recorded in the previous quarter, according to recent data published by the Ministry of Planning and Economic Development.
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Business
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Economy
3/8/2023 4:13:38 PM
Egypt’s foreign debt fell during the first quarter (1Q) of FY2022/2023 (July-September) to $154.9 billion, down from $155.7 billion recorded in the corresponding quarter of FY2021/2022, the Central Bank of Egypt (CBE) announced on Wednesday.
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Business
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Economy
2/15/2023 1:29:46 PM
Egypt’s external debt receded in the first quarter (1Q) of FY2022/2023 (July-September 2022) to $154.9 billion, down from $155.7 billion at the end of FY2021/2022, reported the Central Bank of Egypt (CBE).
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Al-Ahram Weekly
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Economy
7/22/2022 2:35:00 PM
Egypt’s external debt has reached new highs, but experts remain confident it is at sustainable levels.
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War in Ukraine
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Economy
6/23/2022 4:08:21 PM
Russia has made two interest payments on dollar-denominated debt in rubles, the country's finance ministry said Thursday, as Moscow faces the risk of an external debt default.
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Business
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Economy
1/19/2022 12:59:47 PM
Egypt’s gross local public debt increased to EGP 4.7 trillion (81 percent of the country’s GDP) by the end of FY2020/21, up from the EGP 4.3 trillion reached by the end of FY2019/20, with the government owing 87.8 percent of this total, according to the latest data published by the Central Bank of Egypt (CBE).
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Business
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Economy
1/6/2022 12:13:39 PM
Egypt’s external debt declined slightly in September — the end of the first quarter (1Q) of the current FY2021/2022 — to record $137.4 billion, down from the $137.8 billion posted by the end of June — the end of FY2020/2021— according to recent data published by the Central bank of Egypt (CBE).
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Business
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Economy
12/12/2021 1:51:44 PM
Egypt is ready to join JP Morgan’s Emerging Markets Bond Index (EMBI) as of January 2022, Minister of Finance Mohamed Maait announced on Sunday.
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Business
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Economy
8/30/2021 2:00:08 PM
The general government remains the main obligor of all debts, accounting for around 59.7 percent of Egypt’s external debt, as it rose by $11.1 billion at the end of March 2021 compared to June 2020, reaching $80.5 billion
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Business
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Economy
7/11/2021 4:00:19 PM
The data showed that Egypt’s total long-term debt edged up to $121.5 billion in Q3 of FY2020/21, up from $117.2 billion in the previous quarter and about $1 billion in the same quarter of FY2019/20
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Business
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Economy
6/1/2021 12:41:11 PM
The data also showed that the government’s total external debt increased in the 2Q of FY 2019/20 to reach $77.2 billion, up from $73.1 billion in the 1Q of the fiscal year and $69.3 billion by the end of FY2019/20
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Business
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Economy
5/10/2021 2:21:35 PM
External debt grew by 4.6 percent by the end of December 2020, reaching $129.2 billion compared to the end of FY2019/20, with an increase in debt services of $7.8 billion recorded in the 1H of FY2020/21, according to the CBE
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Business
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Economy
4/26/2021 12:33:29 PM
In the past five years, Egypt’s GDP grew to reach EGP 5.9 trillion by the end of FY 2019/20 – up from EGP 3.4 trillion in FY 2016/17, reported the finance ministry
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Business
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Economy
4/25/2021 1:38:56 PM
The central bank said that long-term external debt surged to $113 billion by end of Q1 of FY2020/21 and short-term debt increased by about $1.4 billion to reach about $12.3 billion
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World
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Region
4/21/2021 7:41:28 PM
It is seeking relief on at least $50 billion in external debt to international financial institutions, official bilateral creditors and commercial creditors
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Business
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Economy
3/11/2021 11:30:48 AM
Likewise, Egypt’s short-term external debt jumped by 9.8 percent to reach $12.3 billion in the same period, up from $11.2 by the end of December 2019
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Business
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Economy
11/10/2020 5:45:03 PM
The report also unveiled that the government debt to GDP ratio is projected to increase by end of FY2020/2021 to reach 96 percent, up from 90.6 percent expected in October
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Business
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Economy
11/3/2020 12:36:33 PM
The two sides discussed the possibility of launching a fourth phase of the debt swap program to reduce the burden of external debt and provide adequate financing for development projects
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Business
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Economy
10/12/2020 10:41:00 PM
Meanwhile, short-term external debt stocks rose marginally by 1.5 per cent to reach $2.2 trillion at end-2019
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Business
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Economy
9/10/2020 3:08:41 PM
Some 260 international investment funds purchased $18 billion worth of treasury bills and bonds in Egyptian pounds due to their confidence in the Egyptian currency, said Amer
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