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World
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Region
5/17/2021 11:26:20 AM
French President Emmanuel Macron will join Hamdok and other African leaders for an economic summit for the continent, hoping to fill a financing shortfall of nearly $300 billion caused by the Covid-19 pandemic
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Egypt
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Politics
5/17/2021 2:00:00 AM
El-Sisi told Al-Burhan said Egypt will contribute in international initiative to settle Sudan’s debts through the utilization of Egypt’s quota at the global lender for doubtful debts to be settled.
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World
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Region
5/11/2021 3:20:34 PM
A Lebanese prosecutor issued a decision last week to seize the barges and fine the firm after TV channel al-Jadeed reported corruption allegations tied to the power contract
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Business
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Economy
5/10/2021 2:21:35 PM
External debt grew by 4.6 percent by the end of December 2020, reaching $129.2 billion compared to the end of FY2019/20, with an increase in debt services of $7.8 billion recorded in the 1H of FY2020/21, according to the CBE
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Business
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Economy
5/10/2021 12:18:56 PM
The global economy is showing signs of recovery after a notable slowdown due to the pandemic, the report said
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Al-Ahram Weekly
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Economy
4/28/2021 2:49:00 PM
Egypt’s economy kept growing during the Covid-19 pandemic
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Al-Ahram Weekly
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Economy
4/27/2021 9:11:10 PM
This year’s annual IMF-World Bank Spring Meetings were about more than just economics, Executive Director of the International Monetary Fund Mahmoud Mohieldin tells Al-Ahram Weekly
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Business
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Economy
4/27/2021 5:58:09 PM
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Business
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Economy
4/26/2021 12:33:29 PM
In the past five years, Egypt’s GDP grew to reach EGP 5.9 trillion by the end of FY 2019/20 – up from EGP 3.4 trillion in FY 2016/17, reported the finance ministry
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Business
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Economy
4/25/2021 1:38:56 PM
The central bank said that long-term external debt surged to $113 billion by end of Q1 of FY2020/21 and short-term debt increased by about $1.4 billion to reach about $12.3 billion
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World
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Region
4/21/2021 7:41:28 PM
It is seeking relief on at least $50 billion in external debt to international financial institutions, official bilateral creditors and commercial creditors
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Business
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Economy
4/8/2021 4:04:23 PM
Malpass said that green investments and zero-carbon projects will help developing countries, including Egypt, boost their economic growth through these investments revenues, and thus contribute in curbing elevating debt
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Business
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Economy
4/7/2021 6:32:57 PM
Mauro told Ahram Online that the Egyptian authorities appropriately relaxed the fiscal stance to address the crisis, announcing a comprehensive and targeted stimulus package in March 2020
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Business
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Economy
4/7/2021 2:11:35 PM
Egypt’s government's gross debt reached its highest in 2017 to post 103 percent of GDP, but it started to decline as of 2018, reaching 92.5 percent and 84.2 percent in 2019 before increasing in 2020 as a result of the pandemic
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Business
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Economy
4/6/2021 4:36:07 PM
According to the report, the currencies of major emerging markets have gained against the dollar since the last issue of the global financial stability report, released in October, but has faced notable turbulence in early 2021
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Business
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Economy
4/5/2021 6:40:26 PM
This disbursement is part of the EU’s overall contribution of €183 million ($215 million) to the CCRT, financing grants for the third tranche of CCRT debt service relief that was approved recently by the IMF´s executive board.
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Business
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Economy
4/5/2021 4:43:23 PM
The IMF said on Monday that the approval followed two prior tranches approved on 13 April 2020 and 2 October 2020, respectively.
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Business
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Economy
4/4/2021 9:38:21 PM
'If the vaccine is sufficiently deployed by early-2022, Egypt is expected to gradually regain growth momentum during FY2021/22—23,' said the report
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Business
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Economy
4/3/2021 12:07:32 PM
The rebound is set to come on the back of a faster than expected recovery in oil prices
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Business
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Economy
4/2/2021 5:20:34 PM
According to the World Bank, Egypt needs to mobilise its revenues through tapping into its unused assets and reconsidering its taxes system
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