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FinMin looks to raise Egypt’s average borrowing tenor to 3.5 years
FinMin looks to raise average borrowing tenor to 3.5 years: The Finance Ministry is looking to extend the average tenor…
Egypt’s debt control strategy looks to reduce public debt to 72-75% of GDP in 2021-22
EXCLUSIVE- FinMin’s debt control strategy looks to reduce public debt to 72-75% of GDP by 2021-22: The Finance Ministry’s comprehensive…
Banque du Caire looking to borrow USD 100 mn from int’l institutions
Banque du Caire is in talks for a USD 100 mn facility from international institutions during the first quarter of…
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…
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…
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