debt

Egyptian MPs criticize rise of public debt to LE 5 trillion, warn against corruption
Egypt

Egyptian MPs criticize rise of public debt to LE 5 trillion, warn against corruption

The Egyptian Cabinet and Ministry of Planning and Economic Development came under fire on Monday by Egyptian MPs for the…
Antiquity revenues in Egypt plunge more than 90 percent in 2020, ministry facing LE7 bn in debt: minister
Egypt

Antiquity revenues in Egypt plunge more than 90 percent in 2020, ministry facing LE7 bn in debt: minister

Minister of Tourism and Antiquities Khaled al-Anani said on Thursday Egypt’s antiquities revenues decreased by more than 90 percent in…
Egypt’s foreign reserves continue to recover, rise to $US40.1007 bn in January: CBE
Business

Egypt’s foreign reserves continue to recover, rise to $US40.1007 bn in January: CBE

The Central Bank of Egypt announced, on Wednesday, that its net foreign reserves increased to US$40.1007 billion at the end…
IMF says vaccines to fuel Mideast recovery, tough path ahead
Middle East

IMF says vaccines to fuel Mideast recovery, tough path ahead

DUBAI, United Arab Emirates (AP) — Broad access to different coronavirus vaccines remains crucial for an economic recovery in the…
US, Sudan agree to settle African country’s World Bank debt
Middle East

US, Sudan agree to settle African country’s World Bank debt

CAIRO (AP) — The US and Sudan on Wednesday agreed to settle the African’s country’s debt to the World Bank,…
Oil-rich Kuwait faces reckoning as debt crisis looms
Middle East

Oil-rich Kuwait faces reckoning as debt crisis looms

DUBAI, United Arab Emirates (AP) — When Kuwait emerged from a months-long coronavirus lockdown, hundreds of Kuwaitis flocked to reopened…
Zambia’s risk of default highlights Africa’s debt crisis
World

Zambia’s risk of default highlights Africa’s debt crisis

KAMPALA, Uganda (AP) — Facing financial difficulties aggravated by the coronavirus pandemic, the southern African nation of Zambia appears headed…
‘Fresh paint on crumbling building’: Lebanon bank clean-up raises doubts
Middle East

‘Fresh paint on crumbling building’: Lebanon bank clean-up raises doubts

LONDON/BEIRUT (Reuters) – Bankers and analysts have voiced skepticism about attempts by Lebanon’s central bank to clean up the country’s…
Tunisia president designates new PM amid hopes of ending political crisis
Middle East

Tunisia president designates new PM amid hopes of ending political crisis

TUNIS (Reuters) – Tunisian President Kais Saied on Saturday designated the interior minister as the new prime minister to succeed…
Public debt, populism and protests as Tunisia faces crisis
Middle East

Public debt, populism and protests as Tunisia faces crisis

TUNIS (Reuters) – The collapse of Tunisia’s shortest-lived government since its 2011 revolution has plunged its young democracy into a…
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