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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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Business
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Economy
6/22/2023 5:51:38 PM
AD Ports Group of the United Arab Emirates (UAE) signed an agreement Thursday to take over the running of part of Pakistan's main Karachi docking facility in a deal worth an immediate $220 million, the company said.
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World
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International
6/22/2023 1:50:24 PM
Leaders at a global finance summit are close to sealing deals to restructure Zambia and Sri Lanka's debts with the agreement of major creditor China, France's economy minister said Thursday.
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World
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Africa
6/21/2023 8:50:37 PM
Zambian President Hakainde Hichilema on Wednesday expressed confidence his government will secure a debt restructuring plan at talks with official creditors in Paris this week.
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Business
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Economy
6/21/2023 6:56:32 PM
The world's poorest countries are bearing the brunt of the world's debt crisis, at a time when they need more cash than ever to fight climate change.
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Opinion
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Egypt
6/20/2023 9:28:29 PM
Egypt has the ability and willingness to honour its debt repayments.
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World
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International
6/19/2023 10:04:19 AM
World leaders will gather in Paris this week with ambitions to reimagine global financing for a new era shaped by climate change, as a cascade of crises swamps debt-burdened countries.
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Al-Ahram Weekly
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Egypt
6/6/2023 9:30:53 PM
Amid speculation on a looming devaluation the government is taking measures to preserve hard currency and attract more investment, writes Niveen Wahish
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Business
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Economy
6/5/2023 12:50:35 PM
Markets built on a global rally Monday after a mixed US jobs report lifted hopes the Federal Reserve will skip an interest rate hike this month, while oil extended gains after Saudi Arabia slashed output.
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World
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International
6/3/2023 10:28:42 PM
With just two days to spare, President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal government’s debt.
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Business
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Markets & Companies
6/1/2023 7:09:04 PM
Wall Street stocks saw a mixed opening on Thursday after US lawmakers voted to pass a deal on the debt limit, marking a crucial first step to avert a catastrophic default.
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Business
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Economy
6/1/2023 2:48:07 PM
Leading Federal Reserve officials are sending out stronger signals that they will forego an interest rate increase at the central bank's next meeting in June, though they indicate hikes could resume later this year.
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Business
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Economy
6/1/2023 10:12:36 AM
Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against fierce conservative blowback and progressive dissent.
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World
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International
5/31/2023 10:48:37 PM
US politicians raced to secure backing for a cross-party deal to raise the national debt limit and avert a first-ever default as they faced a growing backlash from conservatives ahead of a crucial Wednesday evening vote.
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Business
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Markets & Companies
5/31/2023 12:28:29 PM
Asian markets sank Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.
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