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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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Business
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Economy
7/26/2023 2:24:10 PM
The Central Bank of Egypt (CBE) auctioned EGP 83 billion ($2.7 billion) in treasury bills (T-bills) on Tuesday to finance the government's debt, with two maturities available.
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Business
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Economy
7/22/2023 11:05:43 PM
Sri Lanka is considering the possibility of allowing the use of the Indian rupee for local transactions, as the island nation struggles to build its depleted foreign reserves and to emerge from last year’s unprecedented economic crisis.
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World
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War in Ukraine
7/18/2023 6:53:13 PM
G20 finance chiefs ended talks in India Tuesday with disagreement over Russia's war in Ukraine, limited progress on debt restructuring and warnings that divisions between rich and poor nations risked deepening poverty.
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Business
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Economy
7/18/2023 2:33:50 PM
Africa's total debt stock is estimated at $1.3 trillion, and the cost of debt reached $22 billion in 2022, with expectations that it will further increase in 2023, Akinwumi Adesina, president of the African Development Bank (AfDB) Group, said on Monday.
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Business
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Economy
7/17/2023 12:55:34 PM
Egypt has achieved a primary budget surplus of EGP 164.3 billion ($5.3 billion) in FY 2022/2023, said the Ministry of Finance.
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World
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International
7/17/2023 11:14:15 AM
G20 finance ministers and central bank chiefs opened talks Monday on debt restructuring deals, multilateral bank reform and finance to tackle climate change, as they aim to bolster a sagging global economy.
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World
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International
7/16/2023 9:58:48 AM
G7 finance chiefs are set to discuss Sunday aid to war-stricken Ukraine, debt distress faced by struggling economies, bank reform and a global tax deal, alongside wider G20 meetings in India.
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Business
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Economy
7/13/2023 10:32:52 PM
Egypt's total outstanding treasury bills (T-bills) have declined by 4.84 percent to EGP 1.866 trillion ($60.38 billion) in April 2023, from EGP 1.96 trillion ($63.43 billion) in March, according to data released by the Central Bank of Egypt (CBE).
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Sports
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World
7/13/2023 1:34:34 PM
Cristiano Ronaldo’s Saudi Arabian club Al Nassr will have their FIFA ban on registering new players lifted when they settle a debt with Leicester, the world football governing body said Thursday.
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Business
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Economy
7/9/2023 3:44:45 PM
The Central Bank of Egypt (CBE) auctioned on Sunday EGP 40 billion ($1.3 billion) in treasury bills (T-bills) across two maturities as a means to finance the government's debt.
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Business
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Economy
7/4/2023 1:32:51 PM
The Central Bank of Egypt (CBE) auctioned EGP 40 billion ($1.3 billion) in treasury bills (T-bills) in two maturities on Tuesday, to fund the government debt.
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Business
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Economy
6/30/2023 5:30:45 PM
Pakistan could get temporary relief for its ballooning foreign debt with a new deal worth $3 billion, the IMF has announced in Washington.
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Business
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Energy
6/25/2023 10:48:10 PM
Egypt signed on Sunday a €54 million debt swap agreement with the German Development Bank (KfW), on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), to finance Egypt’s transition to green energy, according to the German embassy in Cairo.
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World
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International
6/25/2023 10:08:55 PM
Greek ex-prime minister Kyriakos Mitsotakis, who clinched a landslide victory in Sunday's general election, is credited with returning his debt-ridden country to a path of growth.
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World
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International
6/24/2023 2:06:54 PM
A global climate summit wrapped up Friday with leaders agreeing that the international financial system was woefully inadequate in an era of global warming, after taking a number of small steps to helping debt-burdened developing nations.
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World
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Africa
6/23/2023 1:30:03 PM
Jubilant lawmakers in Lusaka sang Zambia's national anthem on Friday after foreign lenders agreed to restructure part of the country's debt, a move that entrepreneurs said brought hope for the crippled economy.
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World
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International
6/23/2023 12:12:19 PM
A global summit seeking to overhaul the international financial system wraps up Friday after taking small steps towards easing the debt burden of developing nations weighed down by climate and economic crises.
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