debts

Egypt registers primary surplus of LE100 mn in Q1 FY20-21
Business

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

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

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

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

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

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

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…
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