Egypt is gearing up to start marketing its Suez Canal Investment Certificates, intended to finance the waterway’s development and expansion project, following the issue of the law signed by President Abdel Fatah al-Sisi on 1 September.

The Governor of the Central Bank of Egypt (CBE) Hisham Ramzi confirms that four Egyptian banks – National Bank of Egypt, Banque Misr, Banque du Caire and Suez Bank – will market the new financial instruments intended to raise E£60bn ($8.4bn). (CONTINUED - 385 WORDS)