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Egypt
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Foreign Affairs
9/5/2023 10:08:12 PM
Egypt's Prime Minister Mostafa Madbouly said on Tuesday that more than 22 African nations support the Sustainable Debts Alliance led by Egypt, calling on the rest of the continent to follow suit.
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Business
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Economy
8/30/2023 6:56:39 PM
The Egyptian Cabinet approved issuing a second batch of $500 million yen-denominated Samurai bonds with a five-year tenor by the Ministry of Finance, according to a statement on Wednesday.
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Business
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Economy
8/15/2023 6:27:53 PM
The Central Bank of Egypt (CBE) auctioned EGP 86.25 billion ($2.8 billion) worth of treasury bills and bonds on Tuesday, according to the bank's website.
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Business
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Economy
8/15/2023 2:45:02 PM
The Ministry of Finance has inked a $500 million five-year financing agreement with the Abu Dhabi Exports Office (ADEX), a financial arm of the Abu Dhabi Fund for Development (ADFD), to finance wheat imports.
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Business
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Economy
8/14/2023 4:27:15 PM
The Central Bank of Egypt (CBE) auctioned €600 million ($656.29 million) worth of treasury bills on Monday, according to the bank's website.
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Business
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Economy
8/10/2023 4:01:25 PM
Egypt has lowered its estimates for the debt-to-GDP ratio to 95.6 percent for the fiscal year 2022/2023, down from 97 percent, Minister of Finance Mohamed Maait stated, according to a Cabinet statement on Thursday.
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Opinion
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Opinion
8/9/2023 12:13:00 PM
With many developing countries gripped by a crippling debt crisis, advanced economies are not delivering the promised support for the Sustainable Development Goals
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Business
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Markets & Companies
8/6/2023 6:43:57 PM
Al Ezz Dekheila Steel Alexandria, Egypt's biggest steel manufacturer, is seeking syndicated loans in foreign currency to finance the purchase of shares from shareholders unwilling to remain with the company after the delisting from the Egyptian Exchange (EGX), according to a bourse filing on Sunday.
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Business
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Economy
8/3/2023 6:27:10 PM
The European Bank for Reconstruction and Development (EBRD) has invested €27 million in securitized bonds issued in Egypt to support municipal infrastructure projects.
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Business
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Economy
8/2/2023 4:33:49 PM
Fitch has downgraded its credit rating for the United States, becoming the second of the top-three ratings agencies to strip the country of a top AAA rating. The impact upon the world's top economy is likely to be just symbolic, at least immediately.
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Business
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Economy
8/2/2023 10:46:12 AM
Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.
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Al-Ahram Weekly
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World
8/1/2023 8:11:07 PM
The Russian decision to cancel African debt and provide grain to the neediest countries at last week’s Russia-Africa Summit is part of a plan to woo the African continent, writes Karam Said
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Business
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Economy
8/1/2023 7:53:08 PM
Abdel Fattah El-Gebaly, assistant rapporteur of the Public Debt Committee at the National Dialogue, warned that Egypt's public debt has reached 113 percent of gross domestic product and risks becoming unsustainable.
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Business
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Economy
8/1/2023 6:48:00 PM
The deficit in Egypt's net foreign assets surged by over 125 percent on a yearly basis in June, according to data released by the Central Bank of Egypt (CBE) on Tuesday.
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Business
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Economy
7/31/2023 5:53:39 PM
Egypt's government debt-to-GDP ratio is expected to reach 97 percent at the end of June 2023, according to Minister of Finance Mohamed Maait.
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Business
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Economy
7/31/2023 9:30:00 AM
Egypt’s informal economy still accounts for 40 percent of GDP, despite government efforts to regulate it through formal integration, according to recent data from the Cabinet's Information and Decision Support Center (IDSC).
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Business
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Economy
7/30/2023 4:06:53 PM
The Arab Monetary Fund (AMF) has lent Egypt $615.8 million to support a reform programme in the country's financial and banking sector, according to a statement by the AMF on Sunday.
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World
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Africa
7/28/2023 6:47:04 PM
During the plenary session held on the second day of the Russia-Africa summit, in the presence of President Abdel-Fattah El-Sisi and African leaders, President Vladimir Putin emphasized Russia's efforts to reduce the burden of debt on African countries.
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Business
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Economy
7/27/2023 3:19:17 PM
Egypt’s external debt rose by 4.8 percent to $165.3 billion in the third quarter (Q3) of the fiscal year 2022/2023, compared to $157.8 billion in the same quarter the previous year, according to data released by the Central Bank of Egypt (CBE).
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Egypt
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Politics
7/26/2023 6:25:36 PM
Egypt's National Dialogue will return from an extended holiday to hold a new round of public sessions next week discussing political rights, public debt and cultural industries among other topics.
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