Egypt has paid approximately $5 billion in arrears to foreign petroleum partners, Prime Minister Mostafa Madbouly said on Wednesday, as the government seeks to stabilize the country’s foreign currency ...

(Bloomberg) -- Egypt is mired in a grueling economic crisis that’s left its 105 million-plus people gripped by uncertainty, but one thing seems all but assured: another currency devaluation is likely ...

Jan 21 - Egypt has paid about $5 billion in overdue bills to foreign oil and gas partners and aims to bring remaining arrears ...

CAIRO (AP) — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy ...

Egypt has paid nearly $5 billion owed to foreign oil and gas companies, prime minister Mostafa Madbouly has said. The government aims to bring the outstanding debt down to $1.2 billion by June 2026, ...

Egypt’s inflation accelerated to another record high, with a new surge in food costs heaping more pressure on a country struggling with a debilitating foreign-currency crunch. Consumer prices in urban ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. CAIRO (AP) — The Egyptian pound is sliding ...

The North African country is under pressure to stick to the terms of a $3bn, 46-month financial support package signed in December with the IMF, which included a commitment to shift to a flexible ...

A foreign currency shortage forced Egypt to delay payments to international oil companies operating in Egypt, slowing ...