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…
CBE decides to defer tourism sector debts to banks for 3 years
CBE will create unit to contribute to restructure the debts of tourism…
Dana Gas to discuss collecting receivables in Egypt this week
Board of directors’ meeting will discuss company’s 2015 mid-year budget and Q1…
Banque du Caire eyeing Economic Summit projects
State-owned Banque du Caire aims to finance several projects the government will…
Tourism sector asks banks to postpone debt repayment to end of 2015
Banking system owed EGP 10bn from tourism sector, workers hope to postpone…
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…
Upcoming period is busy time for petroleum industry: Petroleum minister
Although there will be a $2bn in debts to foreign partners by…
Tourism industry to remain unaffected by subsidy cuts: Experts
The number of tourists in 2013 was 10.6 million, a reduction of…
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…
Banks reschedule debts of 32 Red Sea hotels and resorts
The Central Bank of Egypt has extended the deadline till July 2014