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Egypt says Suez Canal expansion fully funded

The head of Egypt's Central Bank says it has raised $8.5 billion for the construction of an expansion of the Suez Canal by selling investment certificates.

 

Hisham Ramez told Al-Hayat TV that the bank secured the funds in just eight days by selling non-tradable certificates with a maturity of five years at 12 percent interest to Egyptian nationals.

 


פרסום ראשון: 09.15.14, 22:01