Ahmed Kojak

Egypt to issue its 1st sovereign sukuk offering before end of next June

Mon, 24 Jan 2022 - 11:40 GMT

Kojak said in a TV interview that the ministry has made great strides in completing the procedures for offering the sukuk, which it is seeking to complete during the current period.

Kojak: Egypt keen on benefiting from int'l expertise in boosting investments

Tue, 04 Feb 2020 - 02:27 GMT

Kouchouk said Egypt is also working on reducing its debts and budget deficit.

Egypt’s reform program aims to achieve sustainable growth through 3 axes

Wed, 24 Apr 2019 - 01:58 GMT

This came during his speech in a session entitled "The Challenges of Economic Reforms in the Arab Region" in the Arab Banking Conference in Beirut.

Deputy finance min.: Reform program offered radical solutions to economic problems

Mon, 25 Mar 2019 - 02:53 GMT

Kojak made the remarks at the conclusion of a training course organized by the Finance Ministry to qualify a new generation of leading cadres, said a statement by the ministry.

Finance Ministry starts working on reducing public debt to 80%

Thu, 07 Mar 2019 - 02:33 GMT

The plan also aims at reducing the rate of total budget deficit to about 7 percent of GDP in the fiscal year 2019/2020.

Egypt seeks to raise longer-dated debt to 70% by 2022

Wed, 20 Feb 2019 - 12:19 GMT

We used to borrow to repay both maturing debt as well as to finance new debt,” Kojak said.

Egypt issues $4B int’l bonds in 3 categories

Wed, 20 Feb 2019 - 10:11 GMT

The dollar-denominated bonds come with maturities of five, 10 and 30 years in a sale and will be offered at high revenues, as the subscriptions exceeded $21.5 billion.

Debt-reduction strategy targets growth rate exceeding 6% in 4 years

Mon, 04 Feb 2019 - 08:49 GMT

"The strategy aims to reach 30 percent of the external debt of GDP in 2022," Deputy Finance Minister said.

Finance Ministry sets plan to reduce public debt to 80% in 2022

Mon, 04 Feb 2019 - 08:45 GMT

The Ministry of Finance, prepared an integrated strategy to reduce the government debt in the medium term, according to Minister Mohamed Ma’it.

Egypt to raise LE 8-10B by floating shares in state firms in 2018/19

Thu, 26 Jul 2018 - 12:36 GMT

Egypt last week announced the names of the first five state companies that will offer shares this year.

Egypt's budget deficit narrows to 9.8% in FY 2017/18

Thu, 26 Jul 2018 - 10:31 GMT

Egypt achieved a primary fiscal surplus for the first time in 15 years, making 4 billion Egyptian pounds ($224 million), Kouchouk said in a news conference.

5M employees get salary hikes in new state budget: official

Wed, 20 Jun 2018 - 02:21 GMT

Kojak revealed three programs at the new state budget that aim to maintain social justice.

Egypt to announce IPOs timetable next week

Mon, 26 Feb 2018 - 12:29 GMT

The government targets to increase market capitalization from 20-21 percent of gross domestic product to 50-60 percent

Egypt to issue Eurobonds worth $3-4B in 2018/19

Sun, 18 Feb 2018 - 03:34 GMT

Egypt aims to sell Eurobonds worth $3-4 billion in the fiscal year 2018/2019.

Egypt returns to int’l bond markets with $4B Eurobond issue

Wed, 14 Feb 2018 - 09:37 GMT

Egypt succeeded in issuing Eurobonds worth $4 billion on three tranches; three, five and 30 years, according to the Ministry of Finance's statement.

Egypt to receive $2B of IMF $12B in June or July 2018

Sat, 23 Dec 2017 - 10:54 GMT

Egypt will receive the 4th tranche of the IMF $12 billion fund facility at a value of $2 billion in June or July 2018.

Fuel price hike to add 3-4.5 % points to Egypt's inflation

Mon, 03 Jul 2017 - 12:50 GMT

Egypt's inflation rate, which was around 30 percent in May, will rise by between 3 and 4.5 percentage points following last week's fuel price hike.

Foreigners invest $8.4B in domestic debt since flotation

Thu, 08 Jun 2017 - 09:25 GMT

Egypt attracted $8.4 billion of foreign investment in domestic debt instruments since the flotation of the pound in November up the end of May.