Egypt considers issuing UAE dirham-denominated bonds

Maait explained that the government's intention to explore various bond issuances is part of its strategy to diversify funding sources, currencies, and markets, while also attracting a broader range of international investors.

Maait’s remarks came during an interview with the Emirates News Agency (WAM) during the Asian Financial Forum in Hong Kong.

Additionally, he mentioned that the government is also considering issuing bonds denominated in the Indian rupee, as well as bonds denominated in the Hong Kong dollar for listing on the Hong Kong Stock Exchange.

He said the government has recently issued green bonds worth $750 million and sovereign sukuk worth $1.5 billion for the first time.

Furthermore, Egypt has offered two tranches of Samurai bonds in the Japanese market, each valued at ¥75 billion (around $500 million), and introduced the first sustainable Chinese Panda bonds worth ¥3.5 billion (about $500 million).