Latest in Tag: debt Highlight

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Latest in Tag: debt


Loans: Who is to blame?      

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 …

Ahmed Ezz

Industrial sector owes EGAS EGP 7bn in debts

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 …

Ahmed Ismail

Egypt’s economy over 6 years

There are three variables in any economy which need to be reduced: inflation, unemployment, and debt; and three others which must be increased, including investment, growth, and export. There are also some intermediate variables that contribute to achieve those six goals, such as increasing the savings which help boosting investment and fighting poverty through reducing …

Moataz Bellah Abdel-Fattah

Africa may face unsustainable debt: report

Africa may have a problem with unsustainable debt on its hands if it doesn’t manage to find other ways to finance development and cut off illicit financial flows, a new report from a United Nations trade body has said.

Deutsche Welle

German Bund yield drops to historic low

For the first time in modern German history, the yield of the country’s benchmark 10-year debt – also known as Bund – has fallen below zero percent as investors rush to safety ahead of Britain’s Brexit referendum

Deutsche Welle

Puerto Rico bargains after default

Puerto Rico has said it’s hoping to avoid some lawsuits against it after the US territory said it would not be able to pay back its debt. The government warned the money was needed to keep critical services functioning.

Deutsche Welle