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EFG Finance’s Bedaya issues EGP 1.6 bn in securitized bonds
The issuance introduces four tranches with tenors ranging from 13 to 81 months.
IDG plans to set up new industrial zone in new capital, New October
PLUS- Petrojet to build factories in Algeria, Saudi Arabia
Rich nations now spend more on debt than defense -OECD
Interest costs hit a 17-year high, reaching 3.3% of GDP in 2024
Gov’t to issue retail bonds this year
The move comes amid an uptick in interest in treasury bills and bonds
Hot money inflows rise to USD 38 bn amid declining inflation, anticipated rate cuts
Foreign investors bought over USD 2 bn in government debt instruments last week
Russian assets back in demand amid ceasefire hopes
Investors are looking to buy discounted Russian assets in anticipation of a market rebound
Shell plans to invest USD 300 mn into its West Delta Deep Marine concession
PLUS- MSC to expand its footprint in Egypt
Another Hassan Allam subsidiary secures Neom contract
PLUS- Finance in Motion plans to invest USD 100 mn in Egypt this year
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