Foreign currencies in Egypt’s int’l reserves rise to $39B in March

Sat, 14 Apr 2018 - 03:49 GMT

Foreign currencies’ balance in Egypt’s international reserves increased to $39 billion in March 2018, up from $25 billion in March 2017.

Egypt raises €2B in eurobond issuance

Tue, 10 Apr 2018 - 03:07 GMT

Egypt’s Ministry of Finance raised up to €2B in dual-tranche eurobond on Monday recording the country’s first public bond denominated in euro.

Business News Wrap-up

Tue, 03 Apr 2018 - 03:55 GMT

A wrap-up of the most prominent business news of the day.

Egypt to meet investors this week ahead of euro-denominated bond

Tue, 03 Apr 2018 - 11:04 GMT

Egypt has already raised $4 billion through a triple-tranche bond in February.

Business News Wrap-up

Tue, 27 Mar 2018 - 03:46 GMT

A wrap-up of the most prominent business news of the day.

Egypt to issue next Eurobonds on Luxembourg stock exchange in April

Tue, 27 Mar 2018 - 03:34 GMT

The Finance Ministry will issue its anticipated euro denominated Eurobonds on the Luxembourg stock exchange in three weeks.

Egypt to issue $4-5B Eurobonds next week: Min.

Sun, 04 Feb 2018 - 11:20 GMT

The Eurobond, which will raise $4 billion to $5 billion, was initially slated for the end of January.

Egypt selects 5 banks to arrange next Eurobonds issuance

Thu, 28 Dec 2017 - 04:08 GMT

The banks are J.P. Morgan, Morgan Stanley, Citibank, HSBC and National Bank of Abu Dhabi.

Business News Wrap-up

Tue, 05 Dec 2017 - 08:39 GMT

A wrap-up of the most prominent business news of the day.

Egypt's government approves Eurobond program of around $7 bln

Wed, 27 Sep 2017 - 07:53 GMT

Egypt’s government approved a Eurobond programme worth around $7 billion to be issued during the 2017-2018 fiscal year that began in July.

Government to discuss Eurobond issuance next week

Wed, 20 Sep 2017 - 05:13 GMT

Egypt plans to issue a third round of Eurobonds at a total value of $3-4 billion in the first quarter of 2018.

Egypt to issue U.S. dollar- denominated bonds in Q1 of 2018

Thu, 20 Jul 2017 - 02:44 GMT

Egypt will issue U.S. dollar- denominated bonds during the period between January and March 2018.

Deutsche Bank gives Egypt’s economy ‘positive’ outlook

Wed, 07 Jun 2017 - 06:00 GMT

Global financial service provider Deutsche Bank has a positive near-term outlook for Egypt on strengthening the economy.

Egypt’s foreign reserves record 6-year high of $31.125B

Sun, 04 Jun 2017 - 02:13 GMT

Egypt’s foreign reserves soared $2.48 billion in one month to reach $31.125 billion at the end of May, the Central Bank of Egypt (CBE) said on Sunday.

Eurobonds, IMF tranche lead to high foreign reserve forecast

Sun, 04 Jun 2017 - 06:00 GMT

Egypt's foreign reserves are predicted to rise in May and June as an influx of foreign currency is expected to reach the state coffers in the near term.

Egypt Eurobond sale to cover FY 2017-18 financing needs -fin min

Wed, 24 May 2017 - 07:36 GMT

Egyptian Finance Minister Amr El Garhy said that the country's $3 billion Eurobond sale would cover "to a large extent" its financing needs.

Egypt to issue $1.5B-$2B Eurobond within one week

Mon, 15 May 2017 - 12:21 GMT

Egypt will issue a Eurobond of between $1.5 billion and $2 billion within the next week.

Egypt to issue second round of Eurobonds in May

Tue, 25 Apr 2017 - 07:00 GMT

The government is planning to issue a second round of dollar-denominated Eurobonds worth $2 billion by mid-May, official sources told Al-Borsa newspaper.