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Business
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Economy
5/15/2023 11:33:48 AM
Asian and European markets mostly rose Monday as investors kept an eye on the talks to raise the US debt limit to avert a "catastrophic" default.
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Business
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Economy
5/14/2023 9:34:55 PM
President Joe Biden's administration again warned Sunday of "catastrophic" consequences for the US economy including huge job losses if the country defaults, as negotiations to forge a debt deal are expected to resume this coming week.
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Business
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Economy
5/12/2023 4:21:56 PM
Egypt's Minister of Finance Mohamed Maait was in the hot seat on Wednesday and Thursday to respond to attacks he faced from MPs on what what they perceived as an "alarming increase in debt service costs and a widening of the budget deficit."
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World
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War in Ukraine
5/11/2023 3:44:56 PM
Support for war-torn Ukraine topped the agenda at G7 finance talks on Thursday in Japan, where ministers and central bankers also weighed concerns ranging from banking uncertainty to US debt default fears.
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Business
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Economy
5/11/2023 10:20:19 AM
Political brinkmanship over raising the US debt ceiling risks "serious economic costs" even without the "catastrophe" of a default, Treasury Secretary Janet Yellen warned Thursday at G7 finance talks in Japan.
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Business
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Economy
5/8/2023 8:52:45 PM
The White House and Congress could strike a deal to raise the debt ceiling in exchange for budget cuts. Or they could agree to a stopgap measure to keep paying the nation’s bills while negotiations continue. They also could let the negotiations unravel, sending the economy into a chaos.
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Business
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Economy
5/7/2023 8:54:48 PM
US Treasury Secretary Janet Yellen warned Sunday that unless Congress acts soon to raise the nation's debt ceiling, "financial and economic chaos would ensue."
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World
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International
5/7/2023 10:20:41 AM
Washington's power brokers love playing chicken. But the rest of the world will watch in dread Tuesday when President Joe Biden and Republican leaders meet to negotiate the US debt ceiling -- praying that one side finally blinks.
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Business
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Economy
5/3/2023 10:34:30 AM
Egypt’s total governmental gross debt is expected to rise to 92.9 percent of GDP in 2023, up from 88.5 percent in 2022, before cooling to 87 percent in 2024, the highest among the emerging market and middle income countries, the International Monetary Fund (IMF) said on Wednesday.
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Business
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Economy
4/13/2023 5:23:35 PM
During the IMF and World Bank Group’s spring meetings in Washington DC, Ahram Online interviewed the Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour.
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Business
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Economy
4/12/2023 2:37:35 PM
Global government debt is on track to reach levels not seen since the height of the Covid-19 pandemic, the International Monetary Fund (IMF) warned on Wednesday.
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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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