Egypt Selects 4 Investment Banks for USD Bond Issuance
Monday, 22nd August 2016
Egypt’s Ministry of Finance picked four banks to manage a dollar bond issuance, as the country plans to sell $3b to $5b in international bonds during the current fiscal year ending June 30 2017, with the first issuance planned for October. JPMorgan Chase , Citigroup, BNP Paribas SA and Paris-based Natixis SA will oversee the sale.
Petroleum Expert: Fuel Imports Costs to Increase by 5% per Month
Tuesday, 12th April 2016
As Egypt devalued its currency with the current exchange rate standing at EGP10.20 for $1, the price of fuel imports will increase by at least 5% per month, petroleum expert, Aziz Effat, told Egypt Oil&Gas.