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TONIGHT: We’re waiting on Egypt's draft budget. + More from G7 summit. ALSO: Eastern Company isn’t selling securitized bonds.
Good afternoon friends, and welcome to the start of another busy work week. Between the G7 meetings and the heads…
Tenth of Ramadan dry dock and logistics hub greenlit by cabinet
Proposed Tenth of Ramadan PPP project gets final cabinet approval: A public-private partnership model under which the government will move…
Corporate bonds can now be traded intraday on the EGX
EGX-listed corporate bonds are now eligible for intraday trading under a decisionpublished yesterday by the Financial Regulatory Authority that aims…
FTSE Russell index inclusion could bring USD 4 bn into EGP bonds, says FinMin
The Finance Ministry is expecting an additional USD 4 bn in foreign inflows into Egyptian debt on the back of…
More natgas microbuses are coming
Owners of microbuses that are 20+ years old will be able to apply for the first phase of the government’s…
Foreign investors are still buying our treasuries
FROM THE DEPT. OF GOOD NEWS- Foreign holdings of Egyptian treasury bills jumped to USD 20.8 bn (c. EGP 327…
FinMin will not be selling USD 2-3 bn in eurobonds this month
FACT CHECK- The Finance Ministry has denied a CNBC Arabia report that it is planning a fresh sale of eurobonds…
Bechtel could help fund Cairo Metro Line 6 with USD 2 bn loan
Bechtel is said to be arranging financing for Cairo’s sixth metro line: US infrastructure giant Bechtel will reportedly arrange facilities…
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