debts
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…
Egypt pays off $2.2 bn as part of scheduled $4.5 bn oil debt
Egypt
June 9, 2017
Egypt pays off $2.2 bn as part of scheduled $4.5 bn oil debt
Egypt succeeded over the last three weeks, in paying off $2.2 billion dollars from oil debts dedicated to international oil…
CBE solves dollar crisis for companies with short position at US$5 mn
Egypt
February 21, 2017
CBE solves dollar crisis for companies with short position at US$5 mn
Central Bank of Egypt governor (CBE) Tarek Amer approved an agreement with investors to restructure their debts owed to banks…
Parliament urges government to disclose debts
Egypt
December 27, 2016
Parliament urges government to disclose debts
The parliament’s economic committee has called on the Ministry of International Cooperation to reveal all the loans that Egypt has…
Electricity Ministry cuts power to state facilities over unpaid bills
Egypt
August 25, 2016
Electricity Ministry cuts power to state facilities over unpaid bills
The Ministry of Electricity has cut power to some administrative buildings of government companies and agencies that have not paid…