debts

CBE solves dollar crisis for companies with short position at US$5 mn
Egypt

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

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

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…
Infant abandoned by father found under hospital bed
Egypt

Infant abandoned by father found under hospital bed

A one-year-old child has been found under a bed in Mahalla General Hospital, Gharbiya governorate, with a note written by her…
Arsenal’s Elneny plays charity football match for Mansoura debt prisoners
Egypt

Arsenal’s Elneny plays charity football match for Mansoura debt prisoners

Egyptian football stars Mohamed Elneny and Ibrahim Salah took part in a chargity football match on Thursday in aid of…
Egypt’s debts to foreign oil companies up to US$3.2 bln: petro ministry official
Business

Egypt’s debts to foreign oil companies up to US$3.2 bln: petro ministry official

Egypt's outstanding arrears to foreign oil companies rose to US$3.2 billion at the end of March from $3 billion at…
Lenders team may return to Athens in coming week as differences narrow
Business

Lenders team may return to Athens in coming week as differences narrow

A team of international lenders from the euro zone and the International Monetary Fund is likely to return to Athens…
Newspaper: Banks assisting Ahmed Ezz’s indebted companies
Business

Newspaper: Banks assisting Ahmed Ezz’s indebted companies

Banks are actively assisting steel tycoon Ahmed Ezz to pull his companies out of debts with loans and other facilitations,…
Govt to establish fund to help ailing factories
Business

Govt to establish fund to help ailing factories

The presidency is considering establishing a fund of up to LE3 billion to help factories that are incurring loses, to which…
IMF chief warns Greece: ‘A debt is a debt’
World

IMF chief warns Greece: ‘A debt is a debt’

International Monetary Fund chief Christine Lagarde on Monday warned of "consequences" if European countries try to renegotiate their debts, ahead…
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