debt
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…
Egypt’s local borrowing may backfire on economy
Business
September 7, 2011
Egypt’s local borrowing may backfire on economy
Egypt’s increased reliance on local lenders to finance its budget shortfall may stifle any economic recovery by reducing the incentive…
Govt reaches deal with Iraq over ‘yellow remittances’ debt
Business
August 4, 2011
Govt reaches deal with Iraq over ‘yellow remittances’ debt
Egypt and Iraq have reached a final settlement on the money Iraq owes to Egyptian expatriates who returned home during…
PM to discuss frozen remittances with Iraqi delegation
Business
August 1, 2011
PM to discuss frozen remittances with Iraqi delegation
Prime Minister Essam Sharaf will meet with a delegation of the Iraqi Finance Ministry on Tuesday to resolve the problem…
World Bank, IMF offers to Egypt spur debt fears
Business
June 22, 2011
World Bank, IMF offers to Egypt spur debt fears
If Egypt accepts the US$20 billion potentially on offer from international sources, it will be setting itself for up for…
Is the economy on the brink of collapse?
Opinion
May 22, 2011
Is the economy on the brink of collapse?
Is the Egyptian economy on the brink of collapse? In recent weeks, a great many media reports and official statements…
Egypt debt weighs heavily on already-burdened budget
Business
May 12, 2011
Egypt debt weighs heavily on already-burdened budget
When President Hosni Mubarak resigned on 11 February, he left behind a troubled economy. One of his more potent economic…
Egypt finance minister seeks $10 billion in funds
Business
April 15, 2011
Egypt finance minister seeks $10 billion in funds
Egypt is seeking $10 billion in funding from global lenders and rich nations to cope with the costs of the…