debt
Petroleum authority’s financial problems require drastic solutions, says official
Business
November 10, 2011
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
October 31, 2011
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
October 30, 2011
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
October 28, 2011
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
October 11, 2011
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
October 9, 2011
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
September 24, 2011
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
September 16, 2011
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
September 10, 2011
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
September 7, 2011
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…