{"id":645224,"date":"2017-07-16T03:58:41","date_gmt":"2017-07-16T03:58:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/foreign-investments-in-egypts-debt-remains-strong\/"},"modified":"2017-07-16T03:58:41","modified_gmt":"2017-07-16T03:58:41","slug":"foreign-investments-in-egypts-debt-remains-strong","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/foreign-investments-in-egypts-debt-remains-strong\/","title":{"rendered":"Foreign investments in Egypt\u2019s debt remains strong"},"content":{"rendered":"

Meanwhile, foreign interest in Egyptian debt remains strong.<\/strong> Foreign holdings of Egyptian debt topped EGP 204 bn (USD 11.4 bn) as of 11 July, the last treasury sale before Thursday's, the head of public debt at the Finance Ministry Sami Khallaf told Reuters on Thursday<\/a>. Foreigners bought EGP 7.9 bn (USD 440.1 mn) during last Thursday\u2019s auction making up 51% of buyers at that auction, Khallaf added. The average yield on the six-month bill rose to 22.28% from 21.15% at the last sale on July 6, while the yield on the one-year t-bill rose to 21.99% from 20.98%, according to data from the CBE<\/a>. EGP 13 bn in treasuries will be sold at an auction today. We had noted last month<\/a> that foreign direct investment (FDI) had risen 12% year-on-year in FY2016-17 to USD 6.6 bn in 9M2016-17<\/strong>.<\/p>\n

On that front, Egypt was<\/strong> ranked second most popular destination for FDI in the Arab world in 2016<\/strong>, with inflows up 17% year-on-year to USD 8.1 bn, the Arab Investment and Export Credit Guarantee Corporation says in its 150-page Investment Climate report (pdf)<\/a>. The Chinese have been Egypt\u2019s top investors over the last five years, commissioning around 20 projects with a total investment value of USD 22.6 bn, the report says, citing UNCTAD figures. Top FDI earners include energy, real estate, coal, chemicals, and food industries.<\/p>\n","protected":false},"excerpt":{"rendered":"

Meanwhile, foreign interest in Egyptian debt remains strong. Foreign holdings of Egyptian debt topped EGP 204 bn (USD 11.4 bn) as of 11 July, the last treasury sale before Thursday's, the head of public debt at the Finance Ministry Sami Khallaf told Reuters on Thursday. Foreigners bought EGP 7.9 bn (USD 440.1 mn) during last […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645224","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ec37defb-7911-42eb-b19c-2085ed688410","order":"0","is_powered_by":true,"section_story_id":"9f7b5fe1-e361-4368-b3e0-0a9f9b486f05","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645215],"teaser":"","voice_url":""},"yoast_head":"\nForeign investments in Egypt\u2019s debt remains strong - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/foreign-investments-in-egypts-debt-remains-strong\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign investments in Egypt\u2019s debt remains strong\" \/>\n<meta property=\"og:description\" content=\"Meanwhile, foreign interest in Egyptian debt remains strong. Foreign holdings of Egyptian debt topped EGP 204 bn (USD 11.4 bn) as of 11 July, the last treasury sale before Thursday's, the head of public debt at the Finance Ministry Sami Khallaf told Reuters on Thursday. Foreigners bought EGP 7.9 bn (USD 440.1 mn) during last […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/foreign-investments-in-egypts-debt-remains-strong\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-16T03:58:41+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/foreign-investments-in-egypts-debt-remains-strong\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/foreign-investments-in-egypts-debt-remains-strong\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Foreign investments in Egypt\u2019s debt remains strong\",\"datePublished\":\"2017-07-16T03:58:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/foreign-investments-in-egypts-debt-remains-strong\/\"},\"wordCount\":218,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/foreign-investments-in-egypts-debt-remains-strong\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/foreign-investments-in-egypts-debt-remains-strong\/\",\"name\":\"Foreign investments in Egypt\u2019s debt remains strong - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-07-16T03:58:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/foreign-investments-in-egypts-debt-remains-strong\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/foreign-investments-in-egypts-debt-remains-strong\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/foreign-investments-in-egypts-debt-remains-strong\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Foreign investments in Egypt\u2019s debt remains strong\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Foreign investments in Egypt\u2019s debt remains strong - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/foreign-investments-in-egypts-debt-remains-strong\/","og_locale":"en_US","og_type":"article","og_title":"Foreign investments in Egypt\u2019s debt remains strong","og_description":"Meanwhile, foreign interest in Egyptian debt remains strong. 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Overseas holdings of T-bills amounted to EGP 60.8 bn (USD 3.3 bn) as of March 14, the Finance Ministry\u2019s head of public debt Samy Khallaf said in an interview. The number\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644751,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/03\/eurobond-issuance-in-september\/","url_meta":{"origin":645224,"position":1},"title":"Eurobond issuance in September","author":"enterpriseam admin","date":"3 July 2017","format":false,"excerpt":"Another Eurobond issuance coming in September? It appears that the Finance Ministry is considering another EUR-denominated bond issuance in September, government sources reportedly told Al Borsa. The issuance will be to the tune of EUR 1-1.5 bn, a less ambitious target than previous eurobond sales in order to \u201cget a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642095,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/yields-on-egypts-short-term-borrowing-fall-significantly\/","url_meta":{"origin":645224,"position":2},"title":"Yields on Egypt\u2019s short-term borrowing fall significantly","author":"enterpriseam admin","date":"6 August 2017","format":false,"excerpt":"The average yields on Egypt\u2019s six-month and one-year treasury bills dropped in their weekly auction on Thursday, reports Reuters. Average yield on the six-month bill fell to 19.574% from 21.175% and the yield on the one-year bill fell to 19.348% from 20.952%. The drop \u201cillustrates improvement in liquidity, mainly boosted\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648555,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/foreigners-bought-usd-1-bn-worth-of-egyptian-debt-since-mid-march\/","url_meta":{"origin":645224,"position":3},"title":"Foreigners bought USD 1 bn worth of Egyptian debt since mid-March","author":"enterpriseam admin","date":"6 April 2017","format":false,"excerpt":"Foreign holdings of Egyptian debt has grown by more than USD 1 bn since mid-March, Ahmed Feteha writes for Bloomberg. He says this is \u201ca sign that investor confidence isn\u2019t waning five months after authorities floated the pound and secured an IMF loan.\u201d Foreign holdings of Egyptian government securities reached\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637348,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/signals-that-foreign-appetite-for-egp-t-bill-might-have-peaked\/","url_meta":{"origin":645224,"position":4},"title":"Signals that foreign appetite for EGP T-bill might have peaked?","author":"enterpriseam admin","date":"14 November 2017","format":false,"excerpt":"Foreign holdings of Egyptian T-bills fell for the first time since the EGP was floated in November 2016 as maturing notes exceeded new purchases, Ahmed Feteha writes for Bloomberg. He says the drop in holding could suggest that demand for Egyptian debt is peaking. \u201cThe flow of new money and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651443,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/foreign-investors-scoop-egyptian-debt-bring-rates-down\/","url_meta":{"origin":645224,"position":5},"title":"Foreign investors scoop Egyptian debt, bring rates down","author":"enterpriseam admin","date":"13 February 2017","format":false,"excerpt":"Reason #321 to be optimistic about the outlook for the economy: Foreign investors bought 97.5-98.5% of the T-bills Egypt sold on Thursday, Samy Khallaf, head of the public debt department at the Finance Ministry, told Bloomberg. 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