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Business
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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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Al-Ahram Weekly
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Opinion
11/28/2023 5:59:43 PM
What is the future of the world’s currencies in the present era of armed conflict, high levels of debt, and the increasing technological sophistication of payment systems, asks Mahmoud Mohieldin
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Al-Ahram Weekly
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Opinion
11/14/2023 5:52:45 PM
Calls to dethrone the dollar as the world’s main international currency are driven by a desire to limit its power in times of peace and prevent its weaponisation in times of war, writes Mahmoud Mohieldin
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Business
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Economy
11/13/2023 3:09:42 PM
The Central Bank of Egypt (CBE) auctioned $1.61 billion USD-denominated treasury bills (T-bills) on Monday, reported the CBE website.
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Business
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Economy
11/13/2023 12:43:33 PM
The Egyptian cabinet announced that it will hold a press conference soon to provide updates on the government IPO programme and future planning, said Prime Minister Mostafa Madbouly according to a statement.
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Egypt
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Foreign Affairs
11/10/2023 6:59:34 PM
During his participation in the Saudi-Africa summit held in Riyadh on Friday, Egyptian Minister of Foreign Affairs Sameh Shoukry called for setting up a mechanism to ease the debt burden on African nations amid the economic impacts facing Africa due to the successive crises.
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Business
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Economy
11/8/2023 9:04:01 PM
Egypt seeks to collect additional revenue of EGP 70 billion ($2.27 billion) from its privatization programme during the fiscal year (FY) 2023/2024, according to a recent book released by the Cabinet’s Information and Decision Support Center (IDSC) on Wednesday.
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Business
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Economy
11/1/2023 3:30:33 PM
Egypt’s external debt declined marginally to $164.73 billion during the fourth quarter of the fiscal year (FY) 2022/2023 from $165.36 billion in the previous quarter, according to data released by the Central Bank of Egypt (CBE) on Wednesday.
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Al-Ahram Weekly
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Opinion
10/31/2023 8:16:14 PM
Mahmoud Mohieldin takes on the complex issues at the intersection of the global economy and the evolving world order
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Business
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Markets & Companies
10/30/2023 7:30:07 PM
The average daily trading value of treasury bills (T-bills) on the Egyptian Exchange (EGX) surged significantly by 37.55 percent in the first five weeks that they were available, according to EGX Chairman Ahmed El-Sheikh.
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Business
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Economy
10/24/2023 7:56:05 PM
Egypt’s Cabinet approved issuing a third batch of $500 million Yen-denominated bonds, aka Samurai bonds, with a five-year tenor, according to a statement released on Tuesday.
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Business
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Economy
10/19/2023 2:07:36 PM
Egypt and China signed on Thursday a memorandum of understanding (MoU) on the sidelines of the third Belt and Road Forum for a debt swap to fund development projects.
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Business
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Economy
10/18/2023 6:11:41 PM
Fitch Ratings has placed Israel’s sovereign debt ratings on Rating Watch Negative (RWN), attributing its decision to the increasing risk of escalating the ongoing conflict with Hamas, the rating agency said in a report on Tuesday.
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Business
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Economy
10/15/2023 2:58:30 PM
The International Monetary Fund (IMF) will announce the dates for the first and second reviews of Egypt’s economic reform programme by the end of October, Minister of Finance Mohamed Maait stated on Saturday.
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Business
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Economy
10/12/2023 7:26:10 PM
Zambia has signed a debt deal with its foreign lenders, the IMF's chief announced Thursday, providing financial relief to the first African nation to default after the Covid pandemic.
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Business
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Economy
10/12/2023 2:12:41 PM
The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Thursday that the fund is working on defining a date to send a mission to Egypt to conduct a review of the four-year loan programme it signed with the country in December 2022.
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Business
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Economy
10/11/2023 3:03:47 PM
Egypt's elevated debt in FY2023/2024 is the result of several factors, including high spending on interest rates, Ruud De Mooij, deputy director of the Fiscal Affairs Department at the International Monetary Fund (IMF), told Ahram Online.
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Business
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Economy
10/11/2023 12:04:14 PM
Egypt’s gross debt-to-GDP ratio is projected to be 92.7 percent in 2023, the highest among the emerging markets and the middle-income economies, the International Monetary Fund (IMF) said on Wednesday.
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Business
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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.
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Business
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Economy
10/8/2023 9:47:52 PM
The Central Bank of Egypt (CBE) has accepted EGP 43.05 billion in bids for two issuances on T-bills offered on Sunday.
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