The riskiest debts of countries such as Egypt, Tunisia, Argentina, and Lebanon are left out of the emerging-market renaissance. Dollar notes from countries like Egypt, Tunisia, Lebanon, and Argentina are handing investors steep losses this [ More … ]
Egypt sold a tiny fraction of the bonds on sale in an auction as the government balked at paying what investors fearful of another plunge in the value of the pound are demanding to buy [ More … ]
Preparations for the first review of Egypt’s economic reform program with the International Monetary Fund (IMF) have begun and dates for the review mission will be announced when agreed with the authorities, reported Reuters, citing [ More … ]
‘Without early presidential elections, and a major and fundamental reset in the regime’s brutal approach, Egypt will continue hurtling towards catastrophe’, says Egypt’s former investment minister. Yehia Hamed, the former investment minister who served in [ More … ]
Debt-ridden Jordan is following Egypt’s lead by planning a new administrative capital in the desert near Amman while Jordanians are struggling in the kingdom’s wheezing economy. Jordan’s King Abdullah has recently told Jordanian ministers to [ More … ]
Egypt’s Minister of Foreign Affairs (MFA) Sameh Shoukry calls upon the world’s developed countries to respond positively to demands for exchanging debts for investments between creditors and debtors. Egyptian Foreign Minister Sameh Shoukry has called [ More … ]
While Egypt’s Sisi spends on almost futile mega projects, the Egyptians people are suffering the consequences of his wrong economic policies, notably the escalating external debt catastrophe. Sisi spends loans lavishly on useless mega projects, [ More … ]
For the foreseeable future, it appears that Egypt will remain trapped in a vicious state-sponsored economic cycle that disproportionately harms the poor and the middle class, states a key finding of a report by Carnegie. [ More … ]
Yehia Hamed, Egypt’s former investment minister, has published an opinion article on the London-based Middle East Eye, addressing the economic situation in Egypt, where “With the economy in shambles and millions of people mired in [ More … ]
The Egyptian National Action Group (ENAG) on Wednesday accused the International Monetary Fund (IMF) of implicating Egypt in more debts. The Egyptian National Action Group, including opposition figures from across the Egyptian political spectrum both [ More … ]
Egypt’s Petroleum Minister Tarek el-Molla says Egypt’s debts to foreign oil companies hit $3.6 billion. Tarek el-Molla, the Egyptian Petroleum Minister, said that Egypt’s debts to foreign oil companies have reached $3.6 billion. El-Molla added that the [ More … ]
Egypt received the first $1 billion tranche of a three-year $3 billion loan from the World Bank to fund government plans to boost growth, according to Bloomberg. Egypt’s Minister of International Cooperation Sahar Nasr said [ More … ]
Copyright © 2016 | Middle East Observer