Tag Archives: CENTRAL BANK OF EGYPT
Egypt’s foreign debt up 42 pct to $79 bln
:: Egypt’s foreign debt rose to $79 billion in the 2016-17 fiscal year which ended in June, up 42 percent from 2015-16, the central bank said. The cash-strapped country has been borrowing from abroad to fund its budget deficit and
Egypt’s central bank hikes key interest rates by 200 basis points
:: Faced with an eroding currency and accelerating inflation, Egypt’s central bank raised its key interest rates by 200 basis points for the second policy meeting in a row late on Thursday, the bank said in a statement. The central
Save Egypt
By : Jamal Khashoggi It is out of love for Egypt that we call for an end to restrictions on the only influential Arab media – Saudi or Saudi-backed outlets – when covering developments there. I do not expect an
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