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Business
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Economy
1/6/2022 12:13:39 PM
Egypt’s external debt declined slightly in September — the end of the first quarter (1Q) of the current FY2021/2022 — to record $137.4 billion, down from the $137.8 billion posted by the end of June — the end of FY2020/2021— according to recent data published by the Central bank of Egypt (CBE).
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World
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International
1/1/2022 12:23:47 PM
The euro on Saturday marks 20 years since people began to use the single European currency, overcoming initial doubts, price concerns and a debt crisis to spread across the region.
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Al-Ahram Weekly
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Economy
12/29/2021 1:43:00 PM
Egypt’s economy has done well during another year of Covid-19, but with rising global inflation and the new Omicron variant of the virus, the challenges are not yet over.
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Business
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Economy
12/19/2021 2:21:44 PM
Vitor Gasper, the head of Fiscal Affairs Department at the IMF, discussed in an interview with Ahram Online the implications of the new Global Debt Database figures, which was released on Wednesday, including Egypt’s debt situation.
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Business
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Economy
12/15/2021 6:10:58 PM
Global debt hiked by 28 percent in 2020 to reach $226 trillion (256 percent of world GDP) as a result of the coronavirus crisis, the International Monetary Fund (IMF) stated on Wednesday.
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Business
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Economy
12/15/2021 1:15:47 PM
Foreign investments in Egypt’s local-currency debt instruments market have rebounded after experiencing a drop amid the pandemic, helping the country to finance its larger current account deficit resulting from continued strong domestic demand and a decline in tourism revenue, which has also begun to recover, Fitch Ratings said in a new report.
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Business
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Economy
12/12/2021 1:51:44 PM
Egypt is ready to join JP Morgan’s Emerging Markets Bond Index (EMBI) as of January 2022, Minister of Finance Mohamed Maait announced on Sunday.
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Business
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Markets & Companies
12/9/2021 6:50:39 PM
As real estate firms Evergrande and Kaisa default on over a billion dollars of bond repayments after weeks of uncertainty, here is an explainer on what the debt crisis in China's real estate market could mean for the country's economy
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Egypt
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Courts & Law
12/6/2021 3:56:16 PM
An Egyptian criminal court sentenced a man to death on Monday for slaying his wife and six children at their home in a village in Fayoum governorate, southwest of Cairo, in May over accumulated debts.
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Business
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Economy
11/13/2021 12:00:01 PM
The poorest countries will emerge from the COVID-19 crisis with their largest debt burdens in decades, while limited debt transparency in such countries will delay critical debt reconciliation and restructuring, the World Bank said a new report.
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Sports
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World
11/8/2021 3:25:01 PM
Xavi Hernandez was unveiled as Barcelona’s new coach on Monday as thousands of fans welcomed the debt-ridden club’s legendary former midfielder back to Camp Nou.
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Al-Ahram Weekly
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Economy
10/14/2021 1:55:00 PM
On the sidelines of the annual meetings of the International Monetary Fund and the World Bank Group board of directors, Deputy Division Chief in the IMF Fiscal Affairs Department Paulo Medas explained how the world is handling coronavirus-induced debt to Al-Ahram Weekly.
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Business
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Economy
10/13/2021 1:15:00 PM
The International Monetary Fund (IMF) projected Egypt’s government gross debt to hit 91.4 percent of its GDP in 2021, up from the 89.8 percent recorded in 2020.
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Al-Ahram Weekly
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Economy
10/1/2021 12:57:00 PM
Egypt has raised $3 billion on the international bond market in its first dollar offering of the 2021-22 fiscal year, reports Safeya Mounir
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Business
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Economy
9/29/2021 2:21:35 PM
Emerging economies’ debt to GDP ratio edged up to 246 percent in the second quarter (2Q) of 2021, up from the 226 percent recorded at the end of 2019, according to Moody’s.
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Egypt
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Politics
9/21/2021 10:22:37 PM
The African continent has become the most affected by the coronavirus at a time when its peoples are facing other challenges, President El-Sisi told the 76th session of the UNGA
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Business
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Economy
9/14/2021 4:56:57 PM
The CDC s African Private Credit Fund Strategy also aims to kickstart a signalling effect by attracting more commercial investors to African markets, which will in turn help develop reliable, long-term, private debt platforms
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World
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International
9/4/2021 1:56:36 PM
The national carrier of the Philippines said the filing will allow it to restructure contracts and cut debt by at least $2 billion while getting $655 million in fresh capital when it emerges from the Chapter 11 process
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World
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International
9/1/2021 9:15:00 AM
The government said the measures 'will give Afghans the certainty and stability to rebuild their lives with unrestricted rights to work and the option to apply for British citizenship in the future'
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Business
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Economy
8/30/2021 2:00:08 PM
The general government remains the main obligor of all debts, accounting for around 59.7 percent of Egypt’s external debt, as it rose by $11.1 billion at the end of March 2021 compared to June 2020, reaching $80.5 billion
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