Tag: Amr el-Garhy
Business Egypt Finance Headlines

Egypt to Issue more Eurobonds by November

North Africa PostComments Off on Egypt to Issue more Eurobonds by November

Egypt plans to issue a new $1.8 billion bond by the end of November and a new $10 billion Eurobond program next year, Finance Minister Amr El Garhy said on Monday. According to the official, the finance ministry would determine the currency of its next Eurobond issuance within two weeks. “The issue will be in […]
Egypt Headlines

Egypt: Cabinet Lambasts Western Media Critical of al-Sisi’s Economic Management

North Africa PostComments Off on Egypt: Cabinet Lambasts Western Media Critical of al-Sisi’s Economic Management

The Egyptian government has slammed New York-based Blomberg media and London-based The Economist for their critical reports on the Egyptian economy, which, they said, is doing poorly due to President al-Sisi’s incapacity to drive the country out of the difficult economic situation it has been facing since 2011. Blomberg’s editorialist on Tuesday put the economic […]
Egypt Headlines

Egypt: President Sisi warns Egyptians “tough or harsh” austerity policies are ahead

North Africa PostComments Off on Egypt: President Sisi warns Egyptians “tough or harsh” austerity policies are ahead

Speaking at a youth forum on leadership, President Sisi informed Egyptians that the government will be introducing austerity measures when it finalizes a $12billion three-year loan agreement, probably before the end of the month, with the International Monetary Fund (IMF). For the president, “the problem is whether the public opinion is prepared to accept the […]