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Foreigners dump Egyptian debt for seventh month in a row; more speculation that state banks are propping up the EGP
Foreigners dump Egyptian debt for seventh month in a row; more speculation state that banks are propping up the EGP:…
Egypt sells EGP 1.25 bn worth of T-bonds
The central bank sold EGP 1.25 bn-worth of treasury bonds on Monday, Finance Ministry data shows. Yields on the three-year…
Companies interested in Alamein-Ain Sokhna railway project in talks with banks
A number of local and international companies have approached local banks to finance the Alamein-Ain Sokhna electric rail project, sources…
FinMin settles 65 tax disputes with QNB, EGP 100 mn repaid
The Finance Ministry has settled 65 tax disputes with QNB Al Ahli worth EGP 100 mn, which the bank has…
CBE to restructure Egypt treasuries auctions
CBE to restructure treasury auctions and sales: The central bank, cooperation with the Finance Ministry, is looking to shake up…
Gov’t to force banks to separately account for income from holdings of state debt
Banks will be required to separately account for their earnings on holdings of t-bills and gov’t bonds: The Madbouly Cabinet…
EBRD signs USD 7 mn loan agreement with Obour Land to finance expansions
The European Bank for Reconstruction and Development (EBRD) has signed a USD 7 mn loan agreement with Egyptian cheesemaker Obour…
CBE sells USD 1.7 bn USD-denominated T-bills, repurchases USD 2.6 bn T-bonds
The central bank sold USD 1.7 bn-worth of one-year USD-denominated treasury bills on Monday at an average yield of 3.697%,…
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