Ministry of Finance
EGP-denominated debt could become “Eurocleared” before the end of 2023, Finance Minister, Mohamed Maait, told local media yesterday
Maait also stressed the role of the private sector as a driving force for emerging economies’ growth, reducing the pressure on their budgets and necessary financing for investments that contribute to comprehensive and sustainable development
The income tax imposed on individuals earning more than LE 1.2 million annually is expected to generate around LE 4 billion, said Mohamed Maait, Finance Minister, in a separate statement
Companies can now submit a pledge, either personally or through a legal representative, with a certified signature from banks
The volume of requests received in the first tranche reached more than 504 million shares, which is around 3.11 times more than the total shares offered.
Maait attributed this to the interest rate hikes in Egypt and global markets, and reassured about the performance of the Egyptian economy in light of the current global crises.
The release of 110 imported cars for beneficiaries has been completed so far.
The T-bonds were offered in one installment at LE 1 billion with a three-year term.
The T-bonds were offered in one installments with a variable return at LE 3 billion with a three-year term.
The T-bills were offered in two installments, with the first valued at LE 22.5 billion with a 91-day term.
The T-bills were offered in two installments, with the first valued at LE 16 billion with a 182-day term.
The T-bonds were offered in one installments with a variable return at LE 1 billion with a three-year term.
The T-bills were offered in two installments, with the first valued at LE 16.5 billion with a 182-day term.
The T-bills were offered in two installments, with the first valued at LE 16 billion with a 182-day term.
The government borrows through bonds and treasury bills over different periods of time, and government banks are the largest purchasers of them.
The T-bills were offered in two installments, with the first valued at LE 13 billion with a 91-day term.
The Ministry elaborated in its latest report that the volume of outstanding balances of treasury bills amounted to about LE 1.94 trillion.
The T-bills were offered in two installments, with the first valued at LE 20 billion with a 182-day term.
The T-bonds were offered in three installments, with the first valued at LE 250 million with a seven-year term.
The T-bills were offered in two installments, with the first valued at LE 13.5 billion with a 91-day term.
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