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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Asharq Al-Awsat

Egypt Rejoins JP Morgan Emerging Market Bond Index

Egypt JP Morgan Mohamed Maait
General view of hotels, banks, and office buildings by the Nile River in Cairo (Reuters)

Egypt joined the JP Morgan Emerging Market Bond Index (EMBI) Monday to become the second country in the Middle East and Africa to be listed in the index.

A press statement published by the government on its official Facebook page stated that with an estimated weight of 1.85 percent, Egypt is expected to enter the index with 14 bonds valued at $26 billion.

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