| The new Islamic Bonds (Sukuk) law is expected to generate $10 billion for the Egyptian government, Finance Minister El-Morsi Hegazy was quoted as saying on Sunday. The minister indicated that "studies" show that the new bonds would generate such an amount without giving further details or specifying a timeline, according Reuters.
Last week, Egypt's cabinet approved a draft law to allow sovereign Islamic bonds as the government searches for new ways to finance an unsustainable budget deficit...............................................Full Article: Source
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