Latest in Tag: debt Highlight
Latest in Tag: debt
Egyptian economy expects projected EGP 6.4trn in GDP this fiscal year, as country’s credit rating remains stable, says Mohamed Maait
President asserts that women are role models in various fields
Two securitised debt instrument offerings worth total EGP 4bn to take place before 2020 end, says Khalil El-Bawab
Georgieva mentioned that where debt is unsustainable, it should be restructured without delay. “We should move towards greater debt transparency and enhanced creditor coordination
Finance Ministry to issue EGP 499.5bn of T-bills, EGP 100.5bn of T-bonds between July and September 2020
Total of 15,249 confirmed infections, 816 fatalities across continent so far
COVID-19 fears prompt sharp downgrades to corporate earnings estimates, raising the risk of fallen angels and fire sales.
Lebanon, Egypt absorbed 90% of net long-term external debt inflows to MENA, according to World Bank report
The Loan is segregated into Tranches A and B, with maturity of five and four years respectively, complemented by a grace period of five months.
13% of short-term debts are deposits from Arab countries that are renewed every four years
The IIF works in a sample of 25 past IMF programmes in developed, emerging, and frontier markets that started with debt to GDP ratios above 75%.
Abulnaga ruled out the impact of interest rate cut on foreign investments in Egyptian debt
Domestic debt records 79% of GDP, of which 86.4% is owed by the government, 7.3% by public economic bodies and 6.3% by National Investment Bank
Ministry is issuing 16 offerings of EGP 151bn worth T-Bills and 8 T-Bonds offerings of EGP 9.75bn
The CBE said in a recent report that these debts include $21bn of interest on paid loans and $5bn of debt services.
The Minister of Electricity and Energy, Mohammed Shaker, held a meeting with the NREA leaders to review the authority’s measures to improve its financial situation.
Research note affirms strong expectations of interest rate cut by 100 bps in September or November
Banks’ assets of T-Bills reach EGP 725.92bn, topping list of debt holders, says CBE
State debt at 84.4%., according to CBE
Countries will need to remain vigilant against rise in inflation
Barbados has been struggling with weak economic growth over the past decade, putting strains on its public debt and deficit. The ailing economy offers a cautionary tale for other small island nation states in the region.Barbados, an island nation in the North Atlantic, doesn’t usually garner the attention of international media, particularly when it comes …
Egypt’s Finance Minister Amr El-Garhy, said that the debt in both the petroleum and electricity sectors in the country have exceeded EGP 900bn, during a press conference on the sidelines of a weekly cabinet meeting on Wednesday. El-Garhy said that this situation cannot continue, especially with the challenging news that face the world, including the …
The government borrows money to meet its short- or long-term needs when there is a budget deficit. This is called debt. So, debt is a bill paid by coming generations in cases of obtaining loans for the purpose of narrowing a budget deficit without aiming to finance development projects. Or it may be a bill …
$233tn world debt may be warning sign of imminent financial crisis
The company likely to suffer slower recovery in passenger car business segment
The debts of the industrial sector owed to the Egyptian Natural Gas Holding Company (EGAS) amounted to EGP 7bn, according to a source at the company. According to the source, who asked not to be named, the indebtedness of the industrial sector has increased recently as a result of factories tending to pay only a …
Different reactions to interest rate, 2% raise in interest rate at CBE
The largest deal to be announced in 2017 is Tronox’s $2.2bn acquisition of a Saudi titanium dioxide business and is expected to boost inbound M&A to $6.6bn, says IB analysis
The bank seeks to increase its profits by more than 100% by the end of this year, says El Kadi
We aim to reduce the deficit to 9%, unemployment to 11.5%, increase growth to 4.6%, says El-Garhy