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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Egypt to borrow $2.5 bln from Islamic bank and sell treasury bills to Arab governments

Posted on 26 September 2011

Arab governments may soon buy Egyptian treasury bills to help the government reduce the highest borrowing costs it has faced since 2008, Egypt’s state news agency MENA reported Deputy Prime Minister Hazem El-Beblawi as saying.
Egypt is in talks with Saudi Arabia and the United Arab Emirates to buy the instruments, Beblawi said while visiting Washington D.C. to attend the annual meetings of the International Monetary Fund and World Bank……………………………………….Full Article: Source

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