Tag: debts

Will Egypt follow the example of Brazil or Argentina in dealing with the IMF?

Following the implementation of all of the International Monetary Fund’s (IMF) preconditions…

Shaimaa Al-Aees Shaimaa Al-Aees

CBE decides to defer tourism sector debts to banks for 3 years

CBE will create unit to contribute to restructure the debts of tourism…

Hossam Mounir Hossam Mounir

Dana Gas to discuss collecting receivables in Egypt this week

Board of directors’ meeting will discuss company’s 2015 mid-year budget and Q1…

Doaa Farid Doaa Farid

Banque du Caire eyeing Economic Summit projects

State-owned Banque du Caire aims to finance several projects the government will…

Daily News Egypt Daily News Egypt

Tourism sector asks banks to postpone debt repayment to end of 2015

Banking system owed EGP 10bn from tourism sector, workers hope to postpone…

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi

Investment ministry in EGP32bn asset-debt swap with National Bank of Egypt, Banque Misr

Meeting to be held soon regarding payment of outstanding EGP 1.6bn owed…

Mohamed Ayyad Mohamed Ayyad

Upcoming period is busy time for petroleum industry: Petroleum minister

Although there will be a $2bn in debts to foreign partners by…

Mohamed Adel Mohamed Adel

Tourism industry to remain unaffected by subsidy cuts: Experts

The number of tourists in 2013 was 10.6 million, a reduction of…

Daily News Egypt Daily News Egypt

B-/B ratings affirmed, Al-Sisi expected to win: Standard and Poor’s

S&P notes that violence may escalate if “social elements” are radicalised, which…

Sara Aggour Sara Aggour

Banks reschedule debts of 32 Red Sea hotels and resorts

The Central Bank of Egypt has extended the deadline till July 2014

Daily News Egypt Daily News Egypt