cairo, gmt + 2
Mon, 25 Oct 2021 - 06:12 GMT
She explained that the sector is expected to grow during 2020-2024, as this growth will be primarily driven by active partnerships between the public and private sectors and the expansion of green buildings to increase energy efficiency and advanced infrastructure.
L'Oreal also confirmed that it exports 85 percent of the production of its factory in Egypt.
The T-bonds were offered in three installments, with the first valued at LE 10 billion with a three-year term.
The benchmark EGX30 rose 0.48 percent, or 53.81 points, to end at 11,185.88 points.
The decision was published in the Egyptian Gazette of one article, with reservations on the condition of ratification.
First Abu Dhabi Bank PJSC (“FAB”) and Mashreq Bank PSC (“Mashreq”) were mandated as Joint Coordinators, Underwriters, Bookrunners, and Initial Mandated Lead Arrangers of the facility, similar to the medium-term syndicated loan obtained in October 2018.
The T-bills were offered in two installments, with the first valued at LE 3.5 billion with a 182-day term.
Reports showed Egypt is one of the countries that are outside this trap due to the government’s keenness on expanding manufacturing activities
A conference to tackle local climate challenges.
Egypt will export natural gas to Lebanon in the coming weeks through the Arab Gas Pipeline, Minister of Petroleum Tarek el-Mulla said in a press conference on October 5, 2021.
Egypt welcomes cooperation between the two sides in the field of maritime transport, especially amid transforming Egypt into a center for global trade and logistics.