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Business
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Economy
4/12/2023 2:13:13 PM
Egypt's general government gross debt is projected to reach 92.9 percent of GDP in 2023, read a Fiscal Monitor report by the International Monetary Fund (IMF). This would be the highest ratio since 2018, when it stood at 87.9 percent.
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Business
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Economy
4/9/2023 7:46:47 PM
After a number of recent treasury bill (T-bills) offerings by the Central Bank of Egypt (CBE) under-performed, Ahram Online sat down with experts to investigate whether there is any way to increase the desirability of Egyptian debt instruments.
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Business
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Economy
4/6/2023 8:13:33 PM
The World Bank has revised down its forecasts for Egypt’s real GDP growth in FY2022/2023 and FY2023/2024 to four percent in each of these two fiscal years, down from 4.5 percent it projected in December of 2022.
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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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Al-Ahram Weekly
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Opinion
4/1/2023 11:59:00 PM
Former Egyptian UN secretary general Boutros Boutros-Ghali saw important differences between Egyptian and Arab identity but never overemphasised the country’s debts to Europe, writes Tarek Osman in his series of articles on the makers of modern Egyptian culture
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Business
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Economy
3/26/2023 2:25:41 PM
Egypt’s non-oil business sectors were responsible for the lion’s share of net foreign direct investment (FDI) inflows during the first quarter (1Q) of the current FY2022/2023 (July-September 2022), the Central Bank of Egypt (CBE) said in a new report.
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World
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Africa
3/23/2023 11:22:45 AM
Hempstone Monari's taxi business was just getting going when the wheels fell off his financial future and a Kenyan bank auctioned off his car over the non-payment of a $9,900 loan.
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Business
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Economy
3/21/2023 8:05:16 PM
Egyptian Minister of Finance Mohamed Maait has called on the Economic Commission for Africa (ECA) to support Egypt’s ‘Sustainable Debt Coalition’ initiative, inviting member states to join the coalition in order to “unify the African position on the debt crisis in international forums.”
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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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World
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International
3/7/2023 11:35:42 AM
Worn down by growing debt and a barrage of crises, leaders of the world's poorest countries have stepped up calls for the rules governing handouts of billions of dollars to be rewritten.
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World
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Region
3/5/2023 9:50:41 AM
A top UN official has warned that "urgent" measures are needed to help 52 countries facing debt repayment problems that put some at risk of default.
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Al-Ahram Weekly
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Egypt
3/1/2023 9:24:00 AM
Further operations are in store following Egypt’s successful $1.5 billion issue of sovereign sukuk bonds.
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Business
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Economy
2/23/2023 1:13:26 PM
Egypt's entrance into the sukuk market had been on the horizon for some time, and now it is a reality. It will be interesting to see whether Egypt will become a regular sukuk issuer or an infrequent one, Bashar Al-Natoor, the global head of Islamic finance at Fitch Ratings, told Ahram Online.
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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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Business
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Markets & Companies
2/13/2023 9:21:07 PM
Egypt's Prime Minister Mostafa Madbouly said on Monday that a total of EGP 51 billion is needed to settle debts of and upgrade the 1927-founded Egypt's Cotton, Spinning, Weaving and Clothing Holding located in the Nile Delta’s El-Mahalla city.
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Business
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Economy
2/13/2023 2:39:38 PM
Egypt is adopting an economic reform trajectory that contributes to supporting its financial discipline and decreasing debt to GDP ratio and budget deficit, Minister of Finance Mohamed Maait told the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on Monday.
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Business
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Economy
2/12/2023 4:00:29 PM
Egypt’s government is helping manage many fiscal risks it is experiencing, including from public guarantees and losses by state-owned enterprises, which could destabilise debt and require drastic cuts to vital spending, the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Sunday.
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Business
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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.
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Business
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Markets & Companies
2/1/2023 4:21:15 PM
Egypt-based fintech company MNT-Halan announced on Wednesday that it has secured a total of $400 million in finances, including $200 million in equity funding and $140 million in debt, making the company the best-funded start-up in the country.
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World
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Region
1/23/2023 12:33:46 PM
U.S. Treasury Secretary Janet Yellen is in Zambia on the second leg of her African tour, a stop aimed at promoting American investment and ties while she's in a capital city that is visibly dominated by Chinese dollars.
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