debt
Presidency: Domestic, foreign debt expenses LE130 bn
Business
September 23, 2012
Presidency: Domestic, foreign debt expenses LE130 bn
Egypt’s foreign and internal debt services have accumulated over the past decades and now exceed LE130 billion, presidential spokesperson Yasser…
Egypt public debt reaches record LE1.386 trillion
Business
September 11, 2012
Egypt public debt reaches record LE1.386 trillion
Domestic public debt in Egypt has reached an unprecedented LE1.386 trillion according to Finance Ministry indices based on a report…
The new Non-Aligned Movement: Multipolar and regional
Opinion
September 7, 2012
The new Non-Aligned Movement: Multipolar and regional
The 16th Non-Aligned Movement Summit has closed in Tehran, Iran. The conference halls were cleaned up, the delegates have boarded…
US delegation in favor of IMF loan, protesters say no
Business
August 29, 2012
US delegation in favor of IMF loan, protesters say no
The head of the US economic delegation said Wednesday that United States welcomes Egypt's negotiations with the IMF as the…
Qandil discusses proposed aid package with senior US diplomat
Business
August 28, 2012
Qandil discusses proposed aid package with senior US diplomat
Prime Minister Hesham Qandil met with the US under secretary of state for economic growth on Tuesday to discuss a…
State bank to drop small farmers’ debts
Business
August 21, 2012
State bank to drop small farmers’ debts
The state-owned Agricultural Development Bank will drop the debts of some 41,000 farmers as of next week, the bank's director announced Tuesday.…
Egypt budget projects 12.5% higher deficit in 2012/13
Egypt
July 22, 2012
Egypt budget projects 12.5% higher deficit in 2012/13
Egypt's overall budget deficit will rise 12.5 percent to LE135 billion in the fiscal year that began on 1 July,…
Interest-based loans for new metro line not banned by Sharia law, says minister
Egypt
June 4, 2012
Interest-based loans for new metro line not banned by Sharia law, says minister
Fayza Abouelnaga, minister of planning and international cooperation, rejected claims that interest-based loans are prohibited by Sharia law in a…
Plan to sell debt to citizens abroad delayed
Egypt
April 4, 2012
Plan to sell debt to citizens abroad delayed
An Egyptian plan to sell certificates of deposit (CDs) — a form of debt — to its citizens living abroad…
World Bank to allocate US$250 million for Cairo transport
Business
April 3, 2012
World Bank to allocate US$250 million for Cairo transport
The World Bank agreed to loan Egypt US$250 million to be allocated to improving public transportation and traffic in Cairo…