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Business
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Economy
7/22/2024 8:03:51 PM
Egypt’s external debt has decreased by 8.43 percent after hitting $153.86 billion at the end of May 2024 compared to $168.03 billion at the end of December 2023, according to an official source at the Central Bank of Egypt (CBE).
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Business
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Economy
7/22/2024 5:08:00 PM
Egypt is anticipated to maintain its monetary and fiscal policy tightening and keep the debt on a downturn path till December when the International Monetary Fund (IMF) is scheduled to conduct the fourth review of Egypt’s $8 billion loan programme, experts told Ahram Online (AO).
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World
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International
7/18/2024 12:33:55 PM
China's leadership agreed on the need to "resolve risks" in real estate and local government debt while also boosting demand at a key political meeting that wrapped up Thursday, state media said.
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Al-Ahram Weekly
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Opinion
7/13/2024 3:04:00 PM
The developing countries must break the habit of taking out further loans to fund economic development and pay off existing debts, writes Mahmoud Mohieldin
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World
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Africa
7/9/2024 12:30:40 PM
Moody's has downgraded Kenya's debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes.
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Sports
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Egyptian Football
7/4/2024 4:52:03 PM
Zamalek secured their participation in African football competitions after resolving a long-standing dispute with former player Khalid Boutaib, the club announced on Thursday.
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Business
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Economy
7/1/2024 5:43:30 PM
Egypt's external debt declined 4.4 percent (around $7.4 billion) reaching approximately $160.6 billion in the first quarter of 2024, according to data from the Central Bank of Egypt (CBE) in March.
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Business
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Economy
6/27/2024 12:21:35 PM
Egypt has repaid $25 billion of its domestic and external public debt since March, representing seven percent of the country’s GDP, the Institute of International Finance (IIF) said in a statement on Tuesday.
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Al-Ahram Weekly
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Opinion
6/25/2024 6:18:49 PM
Growing global economic fragmentation is exacerbating the debt crisis facing the developing world, writes Mahmoud Mohieldin in the second
of two articles
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Opinion
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6/14/2024 2:44:03 PM
The task is immense, because Africa’s challenges are great. Nearly 500 million Africans live in poverty, while conflict, climate change, unsustainable debt burdens, and other crises cast a shadow over the continent’s economic outlook.
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Al-Ahram Weekly
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Opinion
6/11/2024 5:09:08 PM
The world is facing an even more serious debt crisis than the world financial crisis of 2008, with the countries of the Global South being the hardest hit, writes Mahmoud Mohieldin
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Life & Style
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Health
5/25/2024 12:00:00 AM
More than 190 nations agreed on a new treaty to combat so-called biopiracy and regulate patents stemming from genetic resources such as medicinal plants, particularly ones whose uses owe a debt to traditional knowledge.
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Sports
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World
5/22/2024 2:56:04 PM
Inter Milan entered an uncertain new era on Wednesday after US fund Oaktree took control of the Serie A champions following outgoing owners Suning defaulting on a debt worth hundreds of millions of euros.
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Sports
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World
5/19/2024 11:24:17 PM
Inter Milan were officially crowned Serie A champions at the San Siro on Sunday but a looming deadline for the club's owners to repay nearly 400 million euros of debt leaves the future uncertain.
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Sports
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World
5/18/2024 5:04:07 PM
Inter Milan president Steven Zhang said on Saturday that the Serie A champions' financial stability was being threatened by investment fund Oaktree as owners Suning scrambled to repay a debt worth hundreds of millions of euros.
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Al-Ahram Weekly
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Economy
5/15/2024 10:34:00 AM
Finance Minister Mohamed Maait has been heavily criticised by MPs over Egypt’s growing debt crisis.
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Business
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Economy
4/28/2024 9:30:13 AM
Egypt’s budget plan for the upcoming FY2024/2025 comes in line with the government commitments to the International Monetary Fund (IMF) under the fund’s loan programme for the country.
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Business
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Economy
4/23/2024 7:05:48 PM
Egypt’s total budget deficit for the upcoming FY2024/2025 will widen to EGP 1.2 trillion, equivalent to 7.2 percent of the country’s GDP, up from an estimated EGP 555 billion (or four percent of the GDP) in the current FY2023/2024, the Ministry of Finance said in its budget financial statement on Tuesday.
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Business
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Economy
4/18/2024 8:55:57 PM
Egypt’s overall debt to GDP is expected to decline to 82.6 percent of GDP in 2025, from over 90 percent in 2024, and will continue to shrink under the country's loan program with the International Monetary Fund (IMF), the Director of the Middle East and Central Asia Department at the IMF, Jihad Azour, told Ahram Online.
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Opinion
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4/18/2024 7:56:23 PM
Since the onset of the COVID-19 pandemic, the developing world has faced growing public-sector debt vulnerabilities.
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