Business
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Economy
2/21/2023 4:02:45 PM
Egypt initiated on Tuesday the issuance of its first US dollar-dominated sovereign bonds, known as Islamic sukuk, with a maturity of three years, in an effort to bridge the anticipated financing gap over the next four years.
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Egypt
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Foreign Affairs
12/20/2022 5:37:16 PM
The Kuwaiti Week in Egypt, which is taking place in Cairo, is a major bridge that strengthens the bonds of economic cooperation between the two countries, said Egypt’s Minister of Trade and Industry Ahmed Samir on Tuesday during the launch of the 13th edition of the event.
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World Cup 2022
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News
12/3/2022 3:26:09 PM
For a nation that has frequently flattered to deceive at soccer’s major tournaments, a card game that relies on the art of deception is strengthening the bond among England’s players ahead of their match against Senegal in the World Cup round of 16.
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World
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International
11/3/2022 12:03:27 PM
New Italian Premier Giorgia Meloni is coming to Brussels on Thursday _ and it's not the ordinary kind of visit by the leader of a European Union founding nation seeking to renew unshakable bonds with the 27-nation bloc.
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Business
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Economy
10/4/2022 8:38:58 PM
Minister of Finance Mohamed Maait called on insurers to contribute to speeding up the transition to a green economy and to invest in green bonds in order to make the insurance industry a part of the solution for the global climate crisis.
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Business
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Economy
8/8/2022 5:08:38 PM
Egypt is considering plans to list the assets of its Universal Healthcare Insurance System (UHIS) in the Egyptian Exchange (EGX) to diversify its investment portfolio and increase the yields of invested funds, Minister of Finance and UHIS Chairman Mohamed Maait said on Monday.
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Al-Ahram Weekly
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Egypt
8/3/2022 12:10:00 PM
Recent rises in US interest rates are driving the dollar higher against other world currencies, including the Egyptian pound.
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Business
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Markets & Companies
8/2/2022 12:55:59 PM
Egypt's Financial Regulatory Authority (FRA) said that it is studying a request by the New Urban Communities Authority (NUCA) to issue securitised bonds worth EGP 20 billion.
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Egypt
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Society
7/27/2022 3:42:32 PM
The Egyptian Forum for Development and Human Rights Dialogue (FDHRD) called for introducing legislative amendments to speed up the country's ability to benefit from green bonds.
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Business
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Economy
6/4/2022 10:33:33 PM
Egypt plans to issue its first sukuk (Islamic sovereign bonds) in the upcoming FY2022/2023 with a key objective of financing the budget deficit, Minister of Finance Mohamed Maait told Ahram Online.
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Business
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Economy
5/11/2022 2:52:57 PM
Minister of Finance Mohamed Maait announced on Wednesday that the government is considering issuing Yuan-dominated bonds that will target the Chinese market, which is the second largest bond market globally.
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Business
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Economy
4/6/2022 11:34:31 PM
Egypt has issued its first Japanese yen-denominated bonds, aka "samurai bonds", worth $500 million, the Cabinet's Information and Decision Support Center (IDSC) said on Wednesday.
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War in Ukraine
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Economy
4/6/2022 11:14:59 PM
Russia said Wednesday that it made a debt payment in rubles this week, a move that may not be accepted by Russia's foreign debt holders and could put the country on a path to a historic default.
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Business
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Economy
4/3/2022 3:25:21 PM
Egypt is planning to lower its debt to GDP ratio to below 90 percent by the end of the current FY2021/22 — which will conclude at the end of June 2022 — and under 85 percent over the coming three years, according to Minister of Finance Mohamed Maait.
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Al-Ahram Weekly
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Economy
3/29/2022 8:30:47 PM
Cooperation between Egypt and Germany in green energy and sustainability continues to grow amid Egyptian efforts towards a greener economy.
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Business
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Economy
3/24/2022 7:13:22 PM
Egypt issued on Thursday Japanese Yen*-dominated bonds with a total of $500 million, the first of their kind in Egypt and the Middle East.
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Egypt
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Politics
2/20/2022 6:16:23 PM
Egypt's House of Representatives – the lower chamber of parliament – initially approved Sunday new government-drafted amendments to the capital market law (Law 95/1992), allowing the issuance of securitisation bonds for future cash flows to help finance public utility projects.
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Al-Ahram Weekly
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Economy
2/1/2022 10:25:45 PM
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Business
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Economy
1/31/2022 1:28:51 PM
Egypt was relisted on Monday 31 January in the JP Morgan Index for government bonds of emerging markets (GBI-EM), ending 10 years of absence .
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Business
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Economy
1/20/2022 6:08:59 PM
Egypt is considering issuing sustainability bonds in 2022 to finance the presidential Decent Life (Hayah Karima) initiative in order to reach the country’s sustainable development goals (SDGs), Minister of International Cooperation Rania Al-Mashat told UN officials.
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