debt
Report: Puerto Rico says it can’t pay debts
World
June 29, 2015
Report: Puerto Rico says it can’t pay debts
Puerto Rico's governor said that the island is unable to pay its approximately US$72 billion in debt, a statement likely…
MoF: LE235.5 bn treasury bills issued in 3Q of 2014\15
Business
February 12, 2015
MoF: LE235.5 bn treasury bills issued in 3Q of 2014\15
The Ministry of Finance issued treasury bills worth of LE235.5 billion during the third quarter of financial year 2014-2015 (January-March),…
Egypt’s gross domestic debt rose to LE1.84 trillion in September 2014
Business
January 12, 2015
Egypt’s gross domestic debt rose to LE1.84 trillion in September 2014
Egypt’s gross domestic debt rose to LE1.84 trillion in September 2014 from LE1.82 trillion in June, according to data posted…
Finance Ministry: Cabinet borrows LE17.5 billion from banks this week
Business
January 9, 2014
Finance Ministry: Cabinet borrows LE17.5 billion from banks this week
The Ministry of Finance said that the Cabinet borrowed LE17.5 billion from banks this week through bonds and treasury bills.According…
External debt swells
Business
August 26, 2013
External debt swells
Egypt’s external debt grew by US $4 billion in March 2013 reaching $38.4 billion compared to $34.4 billion in June…
Expert points to economic deterioration under Morsy
Egypt
June 9, 2013
Expert points to economic deterioration under Morsy
An economist has brought attention to a remarkable increase in the foreign debt, rate of unemployment, and rate of poverty…
Egypt to import Libya oil, pay down energy debt
Business
March 27, 2013
Egypt to import Libya oil, pay down energy debt
Egypt will import 900,000 barrels of oil a month from Libya starting in April and is paying off some of…
Finance Ministry: Deficit climbed to US$13 bn in last five months
Business
December 23, 2012
Finance Ministry: Deficit climbed to US$13 bn in last five months
The state budget deficit climbed to LE80.7 billion (US$13.1 billion) in the first five months of the 2012/2013 fiscal year,…
Central Bank denies governor’s referral to Illicit Gains Authority
Egypt
October 10, 2012
Central Bank denies governor’s referral to Illicit Gains Authority
The Central Bank denied on Tuesday a report that Central Bank Governor Farouk al-Oqda had been referred to the Illicit…
Egypt’s IMF loan: More than just borrowing
Opinion
September 23, 2012
Egypt’s IMF loan: More than just borrowing
As the dust settles following the “Arab Spring,” which unseated some of the Middle East’s longest surviving dictators, elected governments…