{"id":642803,"date":"2017-08-22T04:14:41","date_gmt":"2017-08-22T04:14:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/22\/central-bank-says-no-usd-amounts-outstanding-for-foreign-firms\/"},"modified":"2017-08-22T04:14:41","modified_gmt":"2017-08-22T04:14:41","slug":"central-bank-says-no-usd-amounts-outstanding-for-foreign-firms","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/22\/central-bank-says-no-usd-amounts-outstanding-for-foreign-firms\/","title":{"rendered":"Central Bank says no USD amounts outstanding for foreign firms"},"content":{"rendered":"

Egypt has no outstanding debts to foreign companies, having paid USD 160 mn in arrears so far, central bank Governor Tarek Amer said on Monday, according to AMAY<\/a>. He said that any creditors should notify the CBE immediately. As for arrears owed to international oil firms, Amer said that a large portion has already been repaid. Oil Minister Tarek El Molla had said this month<\/a> that Egypt reduced its debt to IOCs to USD 2.3 bn, which it intends to pay back in full by June 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt has no outstanding debts to foreign companies, having paid USD 160 mn in arrears so far, central bank Governor Tarek Amer said on Monday, according to AMAY. He said that any creditors should notify the CBE immediately. As for arrears owed to international oil firms, Amer said that a large portion has already been […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642803","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"a9f95e30-be89-4b88-b28e-32b6908387bb","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642758],"teaser":"","voice_url":""},"yoast_head":"\nCentral Bank says no USD amounts outstanding for foreign firms - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/22\/central-bank-says-no-usd-amounts-outstanding-for-foreign-firms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank says no USD amounts outstanding for foreign firms\" \/>\n<meta property=\"og:description\" content=\"Egypt has no outstanding debts to foreign companies, having paid USD 160 mn in arrears so far, central bank Governor Tarek Amer said on Monday, according to AMAY. He said that any creditors should notify the CBE immediately. 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The current volume increased from the USD 9 bn reached last September, which Bloomberg says reflects growing confidence. \u201cThe continued growth in activity\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648115,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/29\/usd-1-bn-in-foreign-inflows-in-two-days-following-interest-rate-hikes\/","url_meta":{"origin":642803,"position":2},"title":"USD 1 bn in foreign inflows in two days following interest rate hikes","author":"enterpriseam admin","date":"29 May 2017","format":false,"excerpt":"USD 1 bn in foreign inflows in two days following interest rate hike: Nearly USD 1 bn in \u201cforeign investment\u201d (read this as \u201cthe carry trade,\u201d we\u2019d say) flowed into Egypt within two days of the central bank\u2019s Monetary Policy Committee hiking interest rates by 200 bps, CBE Governor Tarek\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604642,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/consortium-to-provide-egpc-with-usd-750-mn-loan-for-arrears\/","url_meta":{"origin":642803,"position":3},"title":"Consortium to provide EGPC with USD 750 mn loan for arrears","author":"enterpriseam admin","date":"9 December 2018","format":false,"excerpt":"A Mashreq Bank-First Abu Dhabi Bank-HSBC consortium is arranging a USD 750 mn, five-year loan for the Egyptian General Petroleum Corporation (EGPC), which will be used to pay off arrears to international oil companies, banking sources told Al Shorouk. 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