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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%,…
The next global recession: Are governments ready?
Economic and financial vulnerabilities making themselves apparent worldwide are pointing to a new massive slowdown over the next year or…
HSBC to manage USD 150 mn loan for PICO Group
HSBC is managing and marketing a USD 150 mn loan for PICO that will allow the company to restructure its…
ASORC in talks with local, Gulf banks for USD 500 mn loan in financing for refinery
The Assiut Oil Refining Company (ASORC) is in talks with local and Gulf banks for a USD 500 mn loan…
Egypt’s Finance Ministry sees the economy growing at a blistering 6.5% in the state’s 2019-20 fiscal year
The Finance Ministry sees the economy growing at a blistering 6.5% in the state’s 2019-20 fiscal year, up from a…
Egypt sells EUR 695.1 mn of one-year treasury bills
Egypt sold EUR 695.1 mn worth of EUR-denominated one-year treasury bills yesterday, central bank data shows. Yields on the bills…
Government should be focusing on attracting FDI to get out of debt trap
Foreign direct investment is the key to getting Egypt out of its debt trap, Mahmoud Al-Alayli writes for Al Masry…
Egypt will not issue EGP-denominated bonds during the next two fiscal years
EXCLUSIVE- EGP-denominated int’l bond issuance isn’t happening during the next two fiscal years: The Madbouly Cabinet is not planning to…
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