Economy & Trade

Central Bank Of Egypt Issues T-Bills Worth LE 19 Billion

Central Bank Of Egypt Issues T-Bills Worth LE 19 Billion

CAIRO – 2 December 2018: In coordination with the Finance Ministry, the Central Bank of Egypt (CBE) issued Sunday treasury bills (T-bills) worth LE 18.2 billion (equivalent to $1.02 billion).   The T-bills will be offered in two installments; the first installment is valued at LE 9.7 billion with a 91-day term and the second […]

Wheat cultivated areas rise to 1.5 million feddans

Wheat cultivated areas rise to 1.5 million feddans

CAIRO – 2 December 2018: The size of wheat cultivated areas increased to 1.5 million feddans at the beginning of this year’s winter season as there is a target to reach 3.4 million feddans, according to a report by the Ministry of Agriculture.   The ministry told press on Saturday that subsidized fertilizers are provided […]

Central Bank Of Egypt Issues T-Bills Worth LE 19 Billion

Central Bank Of Egypt Issues T-Bills Worth LE 19 Billion

CAIRO – 22 November 2018: In coordination with the Finance Ministry, the Central Bank of Egypt (CBE) issued Sunday treasury bills (T-bills) worth LE 19 billion (equivalent to $1.06 billion).   The T-bills will be offered in two installments; the first installment is valued at LE 9.5 billion with a 182-day term and the second […]

Egyptian investments in Algeria reach $3.6 billion: Egyptian PM

Egyptian investments in Algeria reach $3.6 billion: Egyptian PM

CAIRO – 18 November 2018: During a meeting held between Egyptian Prime Minister Moustafa Madbouli and his Algerian counterpart on the margins of the 11th extraordinary session of the Assembly of Heads of State and Government of the African Union, Madbouli pointed out that Egyptian investments in Algeria have reached $3.6 billion.   Madbouli attends […]

Central Bank of Egypt issues T-bills worth LE 18 billion

Central Bank of Egypt issues T-bills worth LE 18 billion

CAIRO – 18 November 2018: In coordination with the Finance Ministry, the Central Bank of Egypt (CBE) issued Sunday treasury bills (T-bills) worth LE 18 billion (equivalent to $1.01 billion).   The bonds are accessible in two instalments: One valued at LE 9.5 billion with a 91-day term, and one valued at LE 8.5 billion […]

Central Bank of Egypt issues T-bonds valued at LE 1.2 billion

Central Bank of Egypt issues T-bonds valued at LE 1.2 billion

CAIRO – 5 November 2018: In coordination with the Finance Ministry, the Central Bank of Egypt (CBE) issued Monday treasury bonds (T-bonds) worth LE 1.2 billion (equivalent to $66.89 million).   The bonds are accessible in two instalments: One valued at LE 750 million with a five-year-term, and one valued at LE 500 million with […]

Egyptian foreign reserves hit $44.5 billion in October

Egyptian foreign reserves hit $44.5 billion in October

CAIRO – 5 November 2018: The Central Bank of Egypt (CBE) announced Monday that the country’s foreign reserves increased by $40 million to reach $44.501 billion at the end of October.   This increase comes in a line of increases that comes as a result of the $12 billion loan from the International Monetary Fund […]

IMF reaches staff-agreement for Egypt’s $2B disbursement

IMF reaches staff-agreement for Egypt’s $2B disbursement

CAIRO – 1 November 2018: The International Monetary Fund (IMF) and the Egyptian government reached October 31, an agreement to give Egypt the fifth $2-billion settlement. After receiving the $2 billion, Egypt will have now received $10 billion.   This is the fifth out of six instalments that are part of the $12-billion loan agreement […]

Issuance of debt instruments during November to decline 20%

Issuance of debt instruments during November to decline 20%

CAIRO – 1 November 2018: Recording a 20% decline, the Finance Ministry is expected to issue debt instruments worth LE 153.5 billion this November; a decline from October’s LE 192 billion.   Additionally, the ministry will issue treasure bonds and bills worth LE 5.5 billion and LE 148 billion, respectively, in November.   In a […]

Midor signs $1.2 loan agreement to upgrade refinary

Midor signs $1.2 loan agreement to upgrade refinary

CAIRO – 1 November 2018: Middle East Oil Refinery Company (Midor) signed a loan agreement worth $1.2 billion with three international banks, Ministry of Petroleum said October 31.   The consortium, which consists of Credit Agricole, BNP Paribas and Italy’s CDP, has made the agreement with the aim of financing the expansion projects for Midor’s […]

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