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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Business
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Markets & Companies
1/12/2022 9:54:18 AM
Egypt’s state-owned real-estate company Madinet Nasr for Housing and Development (MNHD) has concluded its first issuance of securitisation bonds worth EGP 300 million led by EFG Hermes, the company announced on Tuesday in a letter submitted to the Egyptian Exchange (EGX).
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Business
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Economy
1/11/2022 2:45:49 PM
The total Islamic bonds (sukuk) issued in 2021 worldwide grew significantly by 36.1 percent Y-o-Y to reach $252.3 billion, with central banks, governments, and multilateral institutions dominating sukuk issuances, Fitch Ratings said on Tuesday.
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Business
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Markets & Companies
12/26/2021 2:37:48 PM
Egypt’s Financial Regulatory Authority (FRA) is set to greenlight 11 securitised bonds, out of 26, before end of 2021 with a total value of EGP 11.5 billion, whose portfolios mainly centred on mortgage, consuming and leasing financing, Chairman of FRA Mohamed Omran stated on Sunday.
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Business
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Economy
10/14/2021 2:00:00 PM
Fitch Ratings expects sukuk momentum to go on over the medium term fuelled by investor appetite, funding diversification and refinancing needs.
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Business
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Economy
10/13/2021 5:21:43 PM
Egypt is set to join JP Morgan’s GBI index for emerging markets as of the end of January 2022, JP Morgan announced.
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Business
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Economy
10/7/2021 3:07:25 PM
Egypt has begun taking steps to obtain financial facilities to issue sukuk (Islamic sovereign bonds) and green bonds to the tune of $2 billion, the Ministry of Finance announced on Thursday.
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Business
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Economy
8/24/2021 12:14:52 PM
Finance Minister Maait explained that the offer’s proceeds will provide the required finances for the investment projects included in the economic and social development plan of the state’s public budget for FY2021/22
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Egypt
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Politics
7/3/2021 3:18:05 PM
The move comes on the heels of a religious edict allowing non-Muslims to buy sacrificial sukuk
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Business
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6/30/2021 1:39:29 PM
Egypt secured $1.9 billion from multilateral and bilateral partners, said Al-Mashat
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Business
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6/24/2021 2:11:53 PM
Egypt is to venture into a $2.7 trillion market through its anticipated sukuk issuance, said Al-Natoor
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Books
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Reviews
6/10/2021 5:28:51 PM
Several of the titles that Abdel-Shakour included in his recent volume relate profoundly to the issue of generations and their moral bonds
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Al-Ahram Weekly
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Economy
6/10/2021 12:28:00 PM
Egypt will soon be debuting its first sovereign sukuk bonds
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Business
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Economy
6/7/2021 12:43:19 PM
The bill paves the way for Egypt’s government to usher in an Islamic financing system, which recorded $2.7 trillion in transactions globally by the end of June, according to Maait
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Egypt
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Politics
6/6/2021 6:17:00 PM
The finance minister said the bill helps the government raise capital to spend on development projects
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Egypt
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Politics
6/5/2021 4:56:35 PM
The law will allow the Finance Ministry to issue Islamic sharia-compliant bonds necessary to raise capital for spending on development projects
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Egypt
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Politics
5/18/2021 5:04:56 PM
MPs said the bill will allow the Finance Ministry to issue Sharia-compliant bonds necessary to raise capital for spending on development projects
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Egypt
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Politics
5/16/2021 7:33:36 PM
The proceeds of these bonds will be used by the Ministry of Finance to raise capital for spending on investment programmes and economic projects
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Al-Ahram Weekly
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Egypt
5/6/2021 5:12:00 PM
Al-Ahram Weekly examines Egypt’s strengthening ties with Russia
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Business
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Economy
4/19/2021 2:53:02 PM
The report said that investment opportunities in emerging markets, including Egypt, could generate over $10 trillion by 2030 and create over 200 million jobs in green sectors
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