government debt

Egypt aims to reduce government debt to 77.5% by June 2022
Business

Egypt aims to reduce government debt to 77.5% by June 2022

The Egyptian Finance Ministry announced on Friday that the government is targeting the budget for the fiscal year 2019/2020 with…
IMF agrees with Egyptian authorities on fifth review of Egypt’s economic reform program
Business

IMF agrees with Egyptian authorities on fifth review of Egypt’s economic reform program

The International Monetary Fund (IMF) mission to Cairo reached a staff-level agreement with the Egyptian authorities for the completion of…
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Business

Fitch Ratings raises Egypt’s financial outlook to ‘positive’

Fitch Ratings Inc., one of the three biggest credit rating agencies in the world, raised Egypt’s long-term Foreign-Currency Issuer Default…
PM: Only 24% of governmental bodies have paid energy bills
Business

PM: Only 24% of governmental bodies have paid energy bills

Prime Minister Sherif Ismail asserted on Tuesday the importance of cracking down on governmental bodies that refrain from paying their electricity…
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