Search Result
" issuance"

55 results

Business - Economy
4/5/2023 2:10:17 PM
Proceeds of the high-yield certificates of deposit (CDs) of the National Bank of Egypt (NBE) and Banque Misr have reached EGP 109 billion since their issuance on Sunday, read the statements of the two state-owned banks.

Business - Economy
4/4/2023 12:10:38 AM
Prices of gold in Egypt dropped by around 3.18 percent on Monday after new high-yield certificates of deposit (CDs) issued by the National Bank of Egypt (NBE) and Banque Misr collected EGP 67 billion ($2.16 billion) in proceeds on the first day of issuance.

Business - Economy
4/3/2023 1:08:00 PM
The National Bank of Egypt (NBE) and Banque Misr have collected EGP 67 billion ($2.16 billion) in proceeds from two new high-yield certificates of deposit (CDs) in the 24 hours following issuance, the two banks announced.

Business - Economy
4/2/2023 11:00:17 AM
The National Bank of Egypt (NBE) and Banque Misr have recently issued two new certificates of deposit (CDs) with fixed yields of 19% and a decreasing yield of 22%. In a joint statement, the central banks announced the issuance of a CD with a 19% annual yield over three years.

Business - Economy
3/31/2023 12:09:59 AM
The National Bank of Egypt (NBE) has denied reports that it or any other banks operating in Egypt have issued a new savings certificate with a high return of up to 25%-30% in return for giving up foreign currency.

Business - Economy
2/23/2023 1:13:26 PM
Egypt's entrance into the sukuk market had been on the horizon for some time, and now it is a reality. It will be interesting to see whether Egypt will become a regular sukuk issuer or an infrequent one, Bashar Al-Natoor, the global head of Islamic finance at Fitch Ratings, told Ahram Online.

Business - 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.

Business - Economy
1/16/2023 4:56:56 PM
The National Bank of Egypt (NBE) and Banque Misr are set to stop the issuance of the certificates of deposit (CDs) with 25 percent annual yield before the end of January as the proceeds have covered the target, the two banks announced on Monday.

Business - 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.

Business - Economy
4/12/2022 3:36:45 PM
Sukuk issuance globally grew by 11.6 percent in value in the first quarter (1Q) of 2022 to post $64.5 billion, driven by sovereigns and multilateral institutions despite the ongoing challenges, Fitch Ratings said in a report on Tuesday.

Egypt - 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.

Business - Markets & Companies
1/24/2022 5:16:56 PM

Business - 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).

Business - 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.

Business - Tech
9/26/2021 6:23:39 PM
The Central Bank of Egypt (CBE) announced on Sunday that it has approved the issuance of licenses for smartphone contactless payments.

Business - Economy
9/24/2021 5:51:24 PM
The eurobonds issuance, which is the second of its kind this year, included six, 12 and 30 year-term types, with a value of 1.1 billion, 1.1 billion and 750 million, respectively

Egypt - Politics
9/16/2021 3:46:34 PM
El-Sisi hailed the recent issuance of the election law by the Libyan House of Representatives as an important step on the way to implementing the road map approved by the Libyan people

Egypt - Politics
9/9/2021 4:15:16 PM
National Farmers' Day has been celebrated since the issuance of the Agrarian Reform Law in 1952

Business - 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

Business -
7/15/2021 1:02:06 PM
Fitch said that seasonal patterns will affect quarterly sukuk issuance which, following the summer break, is expected to inch up in the remainder of 2021 and beyond

2 3 Next