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Mohamed Maait

Egypt looking to expand IPO program list to 40 companies | FinMin

“The implementation has already started and some of these assets are going to the market next month,” Maait told Bloomberg on the sidelines of a financial conference in Riyadh

Egypt completes first sukuk issuance, raises $1.5 billion | FinMin

Maait added that the country’s first-ever issuance reflects the global capital market’s confidence in the Egyptian economy

To avoid future economic shocks, Egypt is eager to enhance co-op with Arab states | FinMin

Maait added that the Arab Trade Financing Program (ATFP) and the joint payment mechanism stimulate intra-trade between Arab countries

Export Development Fund allocated EGP 42.5B since 2019 to support exports | FinMin

Egypt has been working on developing its production and export sector to reach its goal of $100 billion in exports

S&P maintains Egypt’s credit ratings at B, but may consider downgrade within 12M

Citing the recent devaluations of the EGP, S&P expects “confidence in the currency’s short-term price to improve, and for the private sector, banks and businesses to increase trade in USD”