debt

Petroleum authority’s financial problems require drastic solutions, says official
Business

Petroleum authority’s financial problems require drastic solutions, says official

A newly formed committee will help reform the General Petroleum Authority's financial structure and find drastic solutions for its mounting…
Amid debt concerns, large World Bank projects continue
Business

Amid debt concerns, large World Bank projects continue

As Egyptian civil society calls for the eradication of debts incurred under former President Hosni Mubarak, Egypt’s government continues to…
Should Egypt repay its $35 billion debt?
Opinion

Should Egypt repay its $35 billion debt?

Since Mubarak’s fall, steps are being taken to address the widespread corruption that occurred during his 30-year rule. The Illicit…
Drop ‘dictator debt,’ activists and economists say
Business

Drop ‘dictator debt,’ activists and economists say

Egypt has a budget deficit of nearly 10 percent of GDP and the finance minister recently said that the country…
Minister: Egypt’s foreign debts within safe limits
Business

Minister: Egypt’s foreign debts within safe limits

Egypt's foreign debts remain within the safe limits of International Monetary Fund (IMF) and World Bank standards, Planning and International…
Govt: IMF to toughen Egypt’s loan conditions
Business

Govt: IMF to toughen Egypt’s loan conditions

The International Monetary Fund (IMF) will impose more stringent conditions on loans to Egypt, a senior Egyptian government official told…
Arabs may buy Egypt debt to cut highest yield since 2008
Business

Arabs may buy Egypt debt to cut highest yield since 2008

Arab governments or their investment arms may soon buy Egyptian treasury bills to help the government reduce the highest borrowing…
Egyptian contractors unable to compete for World Cup contracts
Business

Egyptian contractors unable to compete for World Cup contracts

Domestic contractors owed money by the Egyptian government are facing difficulties winning bids for infrastructure projects Qatar is planning for…
Co-opting Egypt’s farmers no longer feasible after 25 January
Egypt

Co-opting Egypt’s farmers no longer feasible after 25 January

Amid rising labor and social protests across Egypt, the ruling Supreme Council of the Armed Forces (SCAF) planned to breathe…
Egypt to rely on local market for financing, says minister
Business

Egypt to rely on local market for financing, says minister

ABU DHABI - Egypt has no plans to issue an international bond currently and will rely on local market to…
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