June 4, 2023
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Homedebts

debts

Egypt Latest News

Debts of Egypt, Tunisia, Argentina, Lebanon out of emerging-market renaissance, Bloomberg

April 25, 2023 MEO Staff

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 Latest News

Egypt’s $35,000 bond sale shows currency risk sapping demand, Bloomberg

April 5, 2023 MEO Staff

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 … ]

Egypt Latest News

Egypt: Amid financial crisis, IMF prepares 1st. review, World Bank approves $7bln to the country

March 24, 2023 MEO Staff

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 … ]

Egypt Latest News

With despair, fear, repression, Sisi is driving Egypt toward disaster, says ex-minister

January 18, 2023 MEO Staff

‘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 … ]

Egypt Latest News

In Egypt’s footsteps, debt-ridden Jordan to build a new administrative capital in the desert

January 12, 2023 MEO Staff

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 Latest News

Egypt: What may MFA Shoukry’s call for exchanging debts for investments mean?

September 25, 2022 MEO Staff

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 … ]

Egypt Latest News

Egypt could have been in a better place had the priorities been set right!

September 21, 2022 MEO Staff

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 … ]

Egypt Latest News

Egypt: Economy trapped in a vicious cycle of debt, poverty, and massive crises, report

June 6, 2022 MEO Staff

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 … ]

Column

How Sisi is running a pyramid scheme in Egypt: Ex-Minister Y. Hamed

February 10, 2022 MEO Staff

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 … ]

Egypt Latest News

Egyptian National Action Group accuses IMF of Entangling Egypt in Debts

April 29, 2020 MEO Staff

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 Latest News

Egypt’s Oil Minister: Debts to Foreign Oil Companies Reached $3.6 Billion

January 2, 2017 Ahmed Rashed

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 Latest News

Egypt Receives the First Tranche of the World Bank Loan

September 10, 2016 Ahmed Rashed

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 … ]

Latest

Turkey: President Erdogan announces members of new cabinet

Turkey Latest News
June 3, 2023

UAE withdraws from US-led maritime force as Iran seizes tankers in the Gulf

Uae Latest News
June 2, 2023

Egypt: Tantawi says several of his friends “disappeared” on the way to his office

Egypt Latest News
June 1, 2023

Crisis Group: The economic crisis Egypt faces risks fuelling unrest

Egypt Latest News
May 31, 2023

Sisi, Erdogan agree on reappointindg Egyptian, Turkish envoys

Egypt Latest News
May 30, 2023
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