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Sovereign Sukuk Act gets early nod at the House
Sovereign sukuk get early House nod: The House of Representatives has approved “in principle” the long-awaited Sovereign Sukuk Act in…
More green lending, courtesy of the EBRD
The European Bank for Reconstruction and Development (EBRD) will lend the National Bank of Egypt (NBE) USD 100 mn to…
More natgas microbuses are coming
Owners of microbuses that are 20+ years old will be able to apply for the first phase of the government’s…
Hedge fund assets hit record high
Global hedge fund industry assets grew to a new all-time high of USD 4.1 tn at the end of March…
Wadi Degla’s real estate arm plans to tap sukuk market next month
Wadi Degla Developments is planning a sukuk issuance worth nearly EGP 2 bn that will be managed by Contact Financial…
Foreign investors are still buying our treasuries
FROM THE DEPT. OF GOOD NEWS- Foreign holdings of Egyptian treasury bills jumped to USD 20.8 bn (c. EGP 327…
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…
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