Egypt debt
Egypt public debt reaches record LE1.386 trillion
Business
September 11, 2012
Egypt public debt reaches record LE1.386 trillion
Domestic public debt in Egypt has reached an unprecedented LE1.386 trillion according to Finance Ministry indices based on a report…
Qandil denies reports US will drop US$1 bn in debt
Business
September 4, 2012
Qandil denies reports US will drop US$1 bn in debt
Prime Minister Hesham Qandil denied on Tuesday reports that the US would drop US$1 billion from the country’s debt load.…
US delegation arrives in Cairo Tuesday to discuss aid package
Business
August 27, 2012
US delegation arrives in Cairo Tuesday to discuss aid package
The US is resuming negotiations with the Egyptian government regarding an economic aid package to help Egypt overcome the…
Update: Finance minister assures IMF won’t interfere with policy, addresses Qatar loan
Egypt
August 23, 2012
Update: Finance minister assures IMF won’t interfere with policy, addresses Qatar loan
The International Monetary Fund would not interfere with the Egyptian government’s new reform policies, said Finance Minister Momtaz al-Saeed on…
Egypt struggles to buy fuel as credit dries up
Business
August 23, 2012
Egypt struggles to buy fuel as credit dries up
LONDON/CAIRO — Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug…
IMF envoys: Egypt visit is to express solidarity, not discuss loan details
Business
August 23, 2012
IMF envoys: Egypt visit is to express solidarity, not discuss loan details
The International Monetary Fund's delegation in Cairo met with representatives from the economic ministries to agree on the steps Egypt…
After a year of uncertainty, Qatar and IMF open pockets
Egypt
August 22, 2012
After a year of uncertainty, Qatar and IMF open pockets
The Egyptian government entered negotiations with the International Monetary Fund for a US$4.8 billion loan on Wednesday, taking the most…
Update: IMF loan violates Sharia, says Nour Party
Egypt
August 22, 2012
Update: IMF loan violates Sharia, says Nour Party
The government should not borrow from the International Monetary Fund to boost the country’s cash reserve, the Salafi Nour Party…
World Bank, IMF offers to Egypt spur debt fears
Business
June 22, 2011
World Bank, IMF offers to Egypt spur debt fears
If Egypt accepts the US$20 billion potentially on offer from international sources, it will be setting itself for up for…