• Skip to main content
  • Skip to after header navigation
  • Skip to site footer
The Halal Times

The Halal Times

Global Halal, Islamic Finance News At Your Fingertips

  • Home
  • Regions
    • Latin America
    • North America
    • Europe
    • Africa
    • Central Asia
    • South Asia
    • Australia
  • Marketing
  • Food
  • Fashion
  • Finance
  • Tourism
  • Economy
  • Cosmetics
  • Health
  • Art
  • Halal Shopping

Egypt Intends to Offer International Bonds Worth $4bn Next Fiscal Year

2017-04-15 by Hafiz M. Ahmed

Deputy Minister of Finance for Treasury Affairs Mohamed Moiet said that the government intends to offer international bonds worth $3-4bn in the coming fiscal year.

In January, the government offered a package of international bonds worth $4bn on the Luxembourg Stock Exchange with different maturity periods of 5, 10, and 30 years.

Moiet told Daily News Egypt on the sidelines of the annual capital market summit that the Ministry of Finance plans to issue a Sukuk package worth over $1bn on the international market next year, pending the issuance of the Sukuk Law, which is now under preparation.

He expected the law to be issued in the fiscal year 2017/2018.

He pointed out that a similar offering was postponed in the current fiscal year when the law was delayed.

Moreover, Moiet said that the government is working to use non-traditional financing alternatives to fund major national projects, blaming the legislative environment for delaying that.

He added that Egypt is achieving unsatisfactory growth rates that are not commensurate with the population growth and unemployment rates, noting that improving the rates require increasing investment and exploring non-traditional financing alternatives.

Originally published on www.dailynewsegypt.com

 

Author

  • Hafiz M. Ahmed

    Hafiz Maqsood Ahmed is the Editor-in-Chief of The Halal Times, with over 30 years of experience in journalism. Specializing in the Islamic economy, his insightful analyses shape discourse in the global Halal economy.

    View all posts

Like this:

Like Loading...

Related

Previous Post:Zalora Unveils Latest Muslim Fashion Collections
Next Post:Tourism Industry Players Encouraged to Implement Syariah-Compliant ConceptsTourism Industry Players Encouraged to Implement Syariah-Compliant Concepts

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Sidebar

  • LinkedIn
  • X
  • Facebook
  • Instagram

The Halal Times

The Halal Times, led by CEO and Editor-in-Chief Hafiz Maqsood Ahmed, is a prominent digital-only media platform publishing news & views about the global Halal, Islamic finance, and other sub-sectors of the global Islamic economy.

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • YouTube

News

  • Home
  • Halal Shopping
  • Food
  • Finance
  • Fashion
  • Tourism
  • Cosmetics
  • Healthcare
  • Marketing
  • Art
  • Events
  • Video

Advertise

  • Advertise With Us
  • Zakat Calculator
  • Submit News
  • Subscribe

About

  • About
  • Write For Us
  • Contact Us

Copyright © 2025 · The Halal Times · All Rights Reserved ·

%d