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Egypt Battles High Debt Burden Amidst Fiscal Consolidation

Egypt is struggling with exceptionally weak debt affordability, with significant public debt as a proportion of economic size threatening the country’s outlook.

However, the country is getting multilateral lender support, including a huge investment drive from Qatar to enhance economic conditions. key macroeconomic indicators have been weakened, with a double-digit headline inflation rate in the country.

The country’s consumer price index has, however, improved significantly, supported by effective monetary authority policy and some fiscal consideration. Egyptians’ debt remains a threat to economic growth.

In a non-rating commentary note,…

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Documents at Companies House show that a provisional liquidator was appointed, in a winding-up by the court, to Dog Consultancy last month.

The Herald revealed that Duncan Raggett and David McGinness of accountancy firm and restructuring specialist AAB have been appointed joint provisional liquidators.

AAB said: “The joint provisional liquidators’ investigations into the company are ongoing, and any creditors of the company should contact their office to note their interest in proceedings.”

Plans for almost 1,000 new homes and a hotel in a Scottish city have been recommended for approval.

The proposals for a huge former factory site near the country’s busiest airport were described as representing “a…

Currently, 150,000 residents of Latvia are delaying payments on debt obligations for more than 60 days, with the amount of overdue payments exceeding 150 euros. If we add those who are still repaying loans but are already struggling to cover expenses, such as utility bills, the number of people in difficulty rises to 170,000. This data comes from the Credit Information Bureau, which summarized…

Mark Kalinowski has been a credit counsellor for nearly 14 years, helping people of all generations manage their debt. But this year, more than a quarter of the clients he saw in his Calgary office were under the age of 35.

“They’ll come in and sometimes they’ll cry, sometimes they’ll be angry, they’ll be very, very frustrated because they don’t know why their life’s on hold,” said Kalinowski.

The Credit Counselling Society — the debt management non-profit where Kalinowski works — served more 18-to-34-year-olds in 2025 than at any other point in its history, its spokesperson told CBC News.

Many have a mountain of student loans. Some are facing the daunting task of managing a credit card for the first time. Still others are navigating…

Mark Kalinowski has been a credit counsellor for nearly 14 years, helping people of all generations manage their debt. But this year, more than a quarter of the clients he saw in his Calgary office were under the age of 35.

“They’ll come in and sometimes they’ll cry, sometimes they’ll be angry, they’ll be very, very frustrated because they don’t know why their life’s on hold,” said Kalinowski.

The Credit Counselling Society — the debt management non-profit where Kalinowski works — served more 18-to-34-year-olds in 2025 than at any other point in its history, its spokesperson told CBC News.

• Do you have a debt story to share? Send an email to [email protected].

Many have a mountain of student loans. Some are facing the daunting task of managing…

The US firm behind the Roomba smart vacuum cleaner, iRobot, has filed for bankruptcy protection after facing competition from Chinese rivals and being hit by tariffs.

Under the so-called pre-packaged Chapter 11 process, the main manufacturer of its devices, Shenzhen-based Picea Robotics, will take ownership of the firm.

The tough commercial landscape had forced iRobot to cut its prices and make major investments in new technology, according to documents filed on Sunday.

US import duties of 46% on goods from Vietnam, where most of iRobot’s devices for the American market are made, increased its costs by $23m (£17.2m) this year, the firm said.

The loss-making company was valued at $3.56bn in 2021 after the pandemic helped to drive strong…