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Ministry of Finance reveals its intention to borrow EGP 317.5bn from banks in Q1/FY 2016/17
Small investors’ portfolios lost an average of 70% of their value, prompting investors to look for safe investment alternatives
Distribution of 45% of bonds in USA, 35% in UK, 11% in Europe, 7% in Middle East and 2% to the rest of the world
EFSA board will meet to discuss bonds regulation on Wednesday
Covering bonds worth $1.5bn was raised by Egypt in foreign markets three times
NBAD prepared five-year plan to promote its shares in Egypt, will play important role in Egyptian economy in upcoming period
The ministry will issue treasury bills worth EGP 33.5bn for 91 days, and EGP 40bn for 182 days
The bonds will be offered to “sophisticated investors”, says Salman
Bank announced last year it will expand its financial support to Egypt
Government finalising document to issue tender in order to decide which company will manage issuance
Too early to define the yearly percentage that will be removed from energy subsidies, Dimian says
Cameron will speak to more than 1,800 political and business leaders at the ninth World Islamic Economic Forum in London, the first held outside a Muslim country, as he attempts to build stronger financial links between Britain and the Islamic world.
Kuwait Finance House: International bonds market recovers in September, total exports reach $7.8bn
The international company launches a €150m equity offering and a €300m convertible bond offering
The financial monthly bulletin issued by the Ministry of Finance showed the total issuance of bonds for May and June registered EGP 54.5m and 47.5m, respectively.
Return rates on government debt tools have been steadily increasing since former president Mohamed Morsi’s constitutional declaration on 22 November 2012, a fact which has been compounded by repeated credit downgrades seen since the outbreak of the January 25th revolution by international rating agencies.
Meanwhile, former finance minister Momtaz El Saeed said that a conversion is unlikely to yield any positive outcome if it is not allocated towards national projects.
The Sudanese spokesman said the army does not support any armed action against Egypt
Hamdi Rashad said the government, and ministers in particular, needed to take tangible steps to address the country’s economic problems.
The prospectus tasked HSBC Holdings and QNB Global with the rights to organise and administer the programme
Qatar promises to buy $3bn in bonds from Egypt
Central Bank denies receiving any details about Qatari bond purchase deal
Qatar’s support is an opportunity to increase foreign reserves, says ratings agency
Sales came during Q2 of FY 2012/2013
Stockbrokers attribute the drop to Orascom’s recent refusal to go public
Main indices jumped more than 1.7%
CBE invested EGP 48bn in treasury bonds during the last fiscal year
$5 billion power stations to be installed during winter, says the ministry of Electricity
By Mohamed Samir / Reuters CAIRO: Egypt’s Ministry of Finance will offer LE 2.5 billion ($414.1 million) in reopened bonds at an auction on April 23, the central bank said on Tuesday. It will offer LE 1.5 billion in reopened five-year bonds maturing on April 10, 2017 with a coupon of 16.55 percent, and LE …