Egypt’s Budget Deficit Widens To 9% In FY 2013/14: El-Morsi Hegazy
The Egyptian Ministry of Finance El-Morsi Hegazy stated that the country’s budget deficit for FY 2013/2014 reached…
Browsing Tag
Sukuk
El-Morsi Expects EGP31.2 bln Extra Resources In Budget During 2013
The Egyptian Minister of Finance, El-Morsi Hegazy, has emphasized that the Egyptian economy is capable of…
Sukuk Issuance In 2012 Soars 54 Per Cent
Total Sukuk issuance in December reached $8 billion with a 61 per cent increase compared to last year. The report…
Sukuk Will Attract Billions Of Dollars From International Banks: El-Beltagy
Mohamed El-Beltagy, head of the Egyptian Islamic Finance Association, stated that many international banks await…
El-Mansoury Calls For Banning Foreigners From Investing In Sovereign Assets
Emad El-Mansoury, head of credit sector at the United Bank, demands the amendment of the sukuk draft law to ban…
Ashmawy Calls On Implementing A Method Of Calculating Return On Sukuk
Before bringing into effect the sukuk law, the Egyptian policy makers shall consider a number of issues such as how…
Sukuk To Provide US$ 15 Bln Annually: FJP
Ahmed El Naggar, a member of the economic committee of the Freedom and Justice Party and the person in charge of…
Egyptian Jurist Says Sukuk Can Bring Egypt US$ 200 Bln
The Egyptian Jurist Hussein Hamed Hassan affirmed that Egypt is one of the strongest countries in the region in…
Suez Canal Bank’s Islamic Transactions Hit EGP 900 Mln
Suez Canal Bank’s Islamic banking transactions surged by EGP 200 million during the period from the end of…
Sukuk Law Is Drafted
The Egyptian Financial Supervisory Authority ( EFSA ) has finished the draft of a law, known as sukuk, regulating…