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Investors cheer ceasefire news after earlier jitters
USD falls, stocks gain, and Treasury yields fall to lowest levels in a month
Aman closes EGP 665.5 mn securitization issuance
The move falls under the group’s securitization program
First sovereign sukuk to go ahead as scheduled despite current events, Kouchouk says
The issuance also comes as part of the Finance Ministry’s strategy to avoid a rise in interest rates
Not exactly selling America…
Foreign holdings stood at USD 9.0 tn, just shy of March’s all-time high
Beltone Leasing and Factoring secures USD 20 mn from Finance in Motion-backed funds SANAD and Green for Growth
Each fund provided a USD 10 mn package, with a repayment tenor of five years
The private sector now gets the lion’s share of Egypt’s development finance
Over the past five years, the private sector received over USD 15.6 bn in concessional funding
EU’s EUR 1.8 bn investment guarantee mechanism to mobilize EUR 5 bn in investments through 2027 launched
The mechanism will be accessible via the Hafiz platform
AfDB commits USD 184 mn to Obelisk solar and battery project
The recently approved funding will account for nearly a third of the project’s entire investment cost
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