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FinMin will not be selling USD 2-3 bn in eurobonds this month
FACT CHECK- The Finance Ministry has denied a CNBC Arabia report that it is planning a fresh sale of eurobonds…
THIS EVENING- Egypt’s finance ministry isn’t tapping debt markets before the end of this month — and global markets are starting to get edgy about inflation
Good afternoon, friends, and welcome to the “setting the record straight” issue. We have lots and lots of news this…
Gov’t wants to expand natgas transition plan
The Finance Ministry could expand its automotive natgas transition scheme to allow more vehicle owners and more governorates to participate,…
More railway funding from IBRD + moving towards modern irrigation
Fresh funding for our railways from IBRD: The Madbouly Cabinet signed off yesterday on a USD 362.9 mn facility from…
Customs Act regs are up for discussion again
The business community has one week to give feedback on the latest version of the Customs Act’s executive regulations (pdf),…
Third tranche of JPMorgan railway loan coming soon + NBE seeks USD 1 bn syndicated loan for debt refinance
Egypt could get the third USD 335 mn tranche of a JPMorgan loan to finance the construction of two monorail…
TONIGHT: Vaccine deliveries are now a thing; Blinken is in the Middle East; Amazon is buying MGM; Cabinet has withdrawn a number of legislation for review; Eat Gaya tonight;
It’s been a very Ramadan-esque news day today, with diplomacy still guiding the conversation in the local and foreign press.…
Dongfeng plans to invest USD 12 mn in EV assembly with El Nasr
China’s Dongfeng has upped its planned investments in a plan to locally assemble EVs with El Nasr Automotive to USD…
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