debts
Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva
Business
October 25, 2024
Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva
Egypt stands to gain $800 million in savings by 2030 thanks to the International Monetary Fund’s recent decision to adjust…
Italy cancels $100 mln in debt owed by Egypt
Business
September 25, 2023
Italy cancels $100 mln in debt owed by Egypt
Italy cancelled debts amounting to US$100 million owed by Egypt as part of the debt swap program between the two…
Politician proposes selling state-owned sports clubs to pay off Egypt’s debts
Business
September 8, 2023
Politician proposes selling state-owned sports clubs to pay off Egypt’s debts
The representative of the Free Egyptians Party at the National Dialogue, Mohamed Khalil Badra, proposed selling state-owned assets such as…
CBE pays $7.154 bln in debts for Egypt
Business
June 2, 2023
CBE pays $7.154 bln in debts for Egypt
The Central Bank of Egypt (CBE), on behalf of the Egyptian government, paid about US$7.154 billion by the end of…
Sisi pardons 85 debtors as Ramadan nears
Egypt
March 21, 2023
Sisi pardons 85 debtors as Ramadan nears
President Abdel Fattah al-Sisi issued a presidential decree pardoning 85 debtors who are serving sentences in correctional and rehabilitation centers…
Egypt registers primary surplus of LE100 mn in Q1 FY20-21
Business
October 15, 2020
Egypt registers primary surplus of LE100 mn in Q1 FY20-21
Egypt registered a primary budget surplus of LE 100 million (US$6.39 million) in the first quarter of its 2020-2021 financial…
Africa needs US$114 bn this year in its fight against coronavirus: IMF
Business
April 18, 2020
Africa needs US$114 bn this year in its fight against coronavirus: IMF
Africa needs an estimated US$114 billion in 2020 as it fights against the coronavirus, leaving a financing gap of around…
Egypt to pay its foreign debts on time: finance minister
Business
April 8, 2020
Egypt to pay its foreign debts on time: finance minister
Finance Minister Mohamed Maait emphasized that Egypt would pay its foreign debts on time, adding that the ministry has begun…
Ministers discuss settling faltering investor debts and automating customs in Egypt
Egypt
February 19, 2020
Ministers discuss settling faltering investor debts and automating customs in Egypt
During an economic ministerial meeting on Tuesday, Prime Minister Mostafa Madbouly discussed with CBE Governor Tarek Amer, Finance Minister Mohamed Maait…
683 prisoners set free after ‘Tahya Misr’ fund clears their debts
Egypt
July 24, 2018
683 prisoners set free after ‘Tahya Misr’ fund clears their debts
Egypt’s Prisons Authority on Monday released 683 prisoners after the Tahya Misr Fund (Long Live Egypt) helped clear all…