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Gov’t raises its local debt target for October to EGP 845 bn
The increase was driven by strong investor appetite for treasury bills and bonds
FinMin to issue its first ever EGP-denominated sukuk this month
The ministry has doubled its wider sukuk program to EGP 50 bn
CBE raises rates on subsidized mortgage initiatives for low- and mid-income borrowers
The new rates apply to fresh loans starting 15 October
Finance Ministry to reveal Egypt’s public debt strategy in December
The ministry aims to reduce public debt to below 75% of GDP
Egypt’s new public debt strategy to launch in December
Good afternoon, friends, and congratulations on another successful workweek. THE BIG STORY TODAY- ?New public debt strategy set for December…
Infinity Fabric to set up USD 15 mn factory
PLUS- European Investment Bank is mulling a USD 38 mn equity investment into the EU-Egypt Tanmiya Growth Fund II
Nawy, MFIC raise EGP 443 mn in region’s first Ijarah-backed mortgage fund
The oversubscribed vehicle was open to retail participation
Gov’t extends subsidized loan program to support industry, agriculture, renewables
Loans offered under the program will come at a 15% interest rate
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