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Sports
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World
12/23/2023 4:48:53 PM
Italian side Fiorentina have blasted plans for a breakaway Super League as merely a way for Europe's biggest football clubs to plug gaps in their troubled finances.
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Business
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Economy
12/20/2023 1:59:04 PM
Egypt has initiated negotiations with India to explore the possibility of issuing rupee-denominated bonds in the Indian markets, Minister of Finance Mohamed Maait said during a press conference on Wednesday.
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Business
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Economy
12/16/2023 7:32:13 PM
Despite Egypt’s racing time to fulfill its commitments under the $3 billion loan deal with the International Monetary Fund (IMF), 2023 witnessed no progress from the Egyptian side in terms of the completion of the first and second reviews under the programme.
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Business
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Economy
12/13/2023 10:45:45 PM
Developing countries spent a record $443 billion to service external debt in 2022 as global borrowing costs surged, straining budgets and raising the risk of debt crises, according to the World Bank’s latest International Debt Report.
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Business
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Economy
12/12/2023 3:47:16 PM
Egypt is required to pay $32.79 billion in debt service in 2024, according to data released by the Central Bank of Egypt (CBE).
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Business
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Economy
12/12/2023 2:43:35 PM
Egypt could seek to restructure its debt in 2024 to mitigate the burden of debt service payments through 2025, according to a research note by Morgan Stanley titled "Nine Surprises for 2024".
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Business
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Energy
12/7/2023 1:20:11 PM
Mahmoud Mohieldin, UN climate change high-level champion for Egypt, emphasized the significance of implementing debt swaps as a key mechanism to finance climate and development initiatives in developing countries.
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Business
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Economy
12/6/2023 2:02:02 PM
Egypt’s budget deficit will increase by one percent in the fiscal year (FY) 2023/2024 to account for 7.1 percent of GDP, up from 6.1 percent in FY2022/2023, due to the increase in debt service payments, according to a report by Investment bank HC Securities and Investment on Wednesday.
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Business
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Economy
12/4/2023 3:29:52 PM
Egypt’s budget deficit rose to 3.85 percent of GDP during the first quarter (July-September) of FY 2023/2024, up from 2.05 percent in the corresponding quarter in FY 2022/ 2023.
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Business
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Economy
11/30/2023 10:47:57 PM
The UAE has renewed a $1 billion deposit at the Central Bank of Egypt (CBE) for three years to 1 July 2026 instead of 1 July 2023, according to the External Position report released on Thursday.
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Al-Ahram Weekly
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Opinion
11/28/2023 5:59:43 PM
What is the future of the world’s currencies in the present era of armed conflict, high levels of debt, and the increasing technological sophistication of payment systems, asks Mahmoud Mohieldin
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Al-Ahram Weekly
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Opinion
11/14/2023 5:52:45 PM
Calls to dethrone the dollar as the world’s main international currency are driven by a desire to limit its power in times of peace and prevent its weaponisation in times of war, writes Mahmoud Mohieldin
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Business
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Economy
11/13/2023 3:09:42 PM
The Central Bank of Egypt (CBE) auctioned $1.61 billion USD-denominated treasury bills (T-bills) on Monday, reported the CBE website.
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Business
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Economy
11/13/2023 12:43:33 PM
The Egyptian cabinet announced that it will hold a press conference soon to provide updates on the government IPO programme and future planning, said Prime Minister Mostafa Madbouly according to a statement.
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Egypt
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Foreign Affairs
11/10/2023 6:59:34 PM
During his participation in the Saudi-Africa summit held in Riyadh on Friday, Egyptian Minister of Foreign Affairs Sameh Shoukry called for setting up a mechanism to ease the debt burden on African nations amid the economic impacts facing Africa due to the successive crises.
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Business
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Economy
11/8/2023 9:04:01 PM
Egypt seeks to collect additional revenue of EGP 70 billion ($2.27 billion) from its privatization programme during the fiscal year (FY) 2023/2024, according to a recent book released by the Cabinet’s Information and Decision Support Center (IDSC) on Wednesday.
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Business
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Economy
11/1/2023 3:30:33 PM
Egypt’s external debt declined marginally to $164.73 billion during the fourth quarter of the fiscal year (FY) 2022/2023 from $165.36 billion in the previous quarter, according to data released by the Central Bank of Egypt (CBE) on Wednesday.
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Al-Ahram Weekly
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Opinion
10/31/2023 8:16:14 PM
Mahmoud Mohieldin takes on the complex issues at the intersection of the global economy and the evolving world order
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Business
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Markets & Companies
10/30/2023 7:30:07 PM
The average daily trading value of treasury bills (T-bills) on the Egyptian Exchange (EGX) surged significantly by 37.55 percent in the first five weeks that they were available, according to EGX Chairman Ahmed El-Sheikh.
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Business
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Economy
10/24/2023 7:56:05 PM
Egypt’s Cabinet approved issuing a third batch of $500 million Yen-denominated bonds, aka Samurai bonds, with a five-year tenor, according to a statement released on Tuesday.
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