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Egypt : Local banks at risk of government over-indebtedness

APRNEWS - Egypt’s local banks are at risk of government over-indebtedness, data from the Institute for international Finance showed. Last year, Egypt was the world’s second-largest borrower from local banks, after China. Public debt interests to be paid in 2018 and 2019 are an average of 8% of GDP. Meanwhile, budget deficit stood at 6% of GDP. 

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Sudan protests Egyptian Ramadan TV series that is tackling terrorism

AFRICANEWS - Egypt has officially responded to a diplomatic protest by Sudan over the broadcast of a TV series that the latter complained portrayed Egyptian terrorists living in its territory.

Sudan’s foreign minister had on Saturday issued a statement saying the TV series titled ‘Abu Omar al-Masry’ insinuated that Egyptian militants can find refuge in Sudan.

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