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Egypt beats budget deficit, primary surplus targets in 2020-21
Egypt’s primary surplus, budget deficit beat expectations in 2020-2021: Egypt recorded a primary surplus of 1.4% of GDP, or around…
Nafeza customs system delayed until October
FinMin delays Nafeza deadline till October: Importers, multinationals, and foreign companies selling goods to Egypt through seaports now have until…
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…
USD 2 bn sovereign sukuk sale coming soon
The Finance Ministry wants to go forward with a USD 2 bn sukuk issuance at the beginning of the next…
Unified Tax Act executive regs spell out how new tax platform will work
The final version of the Unified Tax Act’s executive regulations were published this morning in the Official Gazette, minister Mohamed…
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…
THIS EVENING- Egypt’s finance ministry isn’t tapping debt markets before the end of this month — and global markets are starting to get edgy about inflation
Good afternoon, friends, and welcome to the “setting the record straight” issue. We have lots and lots of news this…
Gov’t wants to expand natgas transition plan
The Finance Ministry could expand its automotive natgas transition scheme to allow more vehicle owners and more governorates to participate,…
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