Title: Egyptian Finance Minister: We are Considering Issuing Bonds in UAE Dirham and Indian Rupee

Egyptian Finance Minister Mohamed Maait confirmed that "the Egyptian government is studying the issuance of bonds in the Gulf markets for the first time," adding that they are exploring the possibility of issuing bonds in UAE dirham and Indian rupee as part of the ministry's plans to diversify funding sources, instruments, currencies, and issuance markets, as well as to expand the base and categories of international investors. Maait stated, "Issuing bonds in the Gulf markets requires significant effort and arrangements with local and international consultants and the financial markets committee in the Gulf countries," noting discussions with the Financial Services and Treasury Minister in Hong Kong regarding the possibility of issuing bonds in Hong Kong Dollar. The minister explained that "these issuances contribute to diversifying the debt portfolio to include various markets, currencies, and instruments, with investors from different sources at a low financing cost." Maait emphasized "the Egyptian government's strong commitment to continuing to develop cooperative ties with the Emirati side, particularly in the tax, economic, financial, and investment fields, with a focus on all developmental and technological sectors."