The state-run Egyptian Arab Land Bank (EALB) plans to reach settlement deals with troubled clients for debts …
debts
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Industry & Trade
UAE’s Dana Gas receives overdue $20 million additional payment from Egypt
by Yomna Yasserby Yomna YasserSharjah-based Dana Gas said Sunday it has received an additional $20 million (AED 74 million) from the …
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Industry & Trade
UAE’s Dana Gas receives overdue $50 million payment from Egypt
by Yomna Yasserby Yomna YasserSharjah-based Dana Gas said Thursday it received $50 million from the Egyptian government as partial payment of …
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Transport Minister Hesham Arafat issued a decision doubling the metro ticket price to two Egyptian pounds starting …
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Egyptian Prime Minister Sherif Ismail said the government is grappling with the financial woes of Cairo’s vital …
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Banks
Egypt’s central bank, investors reach deal to settle pre-float credit lines: bankers
by Yomna Yasserby Yomna YasserEgypt’s central bank has agreed with Egyptian investors to settle credit lines opened before it floated the …
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Industry & Trade
UAE’s Dana Gas says freezes new Egypt investments over debts
by Yomna Yasserby Yomna YasserDana Gas will not make new investments in Egypt because of delays in obtaining payments owed to …
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Industry & Trade
Egypt’s debts to foreign oil companies hit $3.6 billion – minister
by Yomna Yasserby Yomna YasserEgypt’s debts to foreign oil companies have reached $3.6 billion, the country’s Petroleum Minister Tarek el-Molla said …
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Banks
National Bank of Egypt may delay tourism clients’ installments to 2018-end
by Yomna Yasserby Yomna YasserEgypt’s largest bank, the state-owned National Bank of Egypt (NBE) may delay collecting debts for clients operating …
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Industry & Trade
Debts to international oil firms hit $3.5b end-Sept: Egypt’s minister
by Noha Gadby Noha GadEgypt’s debts to international oil and gas companies rose to $3.58 billion by the end of September, …