Middle East

Cairo kicks off Suez expansion financing scheme

Cairo: Egypt will issue government certificates to finance the Suez Canal project on Monday.

The project includes the development of 76,000 sq km around the canal into an international industrial and logistics hub to attract more ships and generate income.

The five-year investment certificates have a 12 per cent interest rate and pay quarterly dividends and will come in 10, 100 and 1,000 Egyptian pound denominations.  [31/08/14]


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