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17 February 02:11 AM

Central Banks

The decision will increase investors’ confidence in the Egyptian market
16 February 06:10 PM Interest rates cut to boost all sectors in Egypt – Report
Cairo – Mubasher: The Central Bank of Egypt’s (CBE) decision to cut interest rates by 1% is a boost to investments in all sectors, according to a report released on Saturday by Beltone Financial Holding. The CBE’s decision will increase investors’ …
Central Banks
The MPC is paying close attention to all economic developments
14 February 09:33 PM CBE cuts interest rates by 1%
Cairo – Mubasher: The Central Bank of Egypt (CBE) has decided to decrease interest rates by 1%, according to an official statement released on Thursday. The Monetary Policy Committee (MPC) reduced overnight deposit rate, overnight lending rate, …
Macroeconomics
EGP may see further volatility if traders inclined to the open market
14 February 07:30 PM Investors in EGP eye interest-rate cuts ahead of MPC meeting Thursday
Cairo – Mubasher: Forex traders of the Egyptian pound are maintaining their investments in the currency, anticipating the Central bank of Egypt's (CBE) decision to slash interest rates, according to Bloomberg. “Traders in the pound are betting …
Macroeconomics
The issuance will be used to finance the budget deficit
14 February 10:33 AM CBE issues EGP 18bn T-bills Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 18 billion on Thursday on behalf of the Ministry of Finance (MOF). The first tranche of T-bills will be offered through 182-day notes at EGP 8.75 …
Macroeconomics
The CBE is expected to keep interest rates on hold due to subsidy cuts and its impact on higher inflation
13 February 03:36 PM CBE to keep interest rates unchanged – Fitch Solutions
Cairo – Mubasher: Fitch Solutions on Wednesday said that the Central Bank of Egypt (CBE) is likely to maintain interest rates unchanged over the next few months. The CBE is expected to keep interest rates on hold due to subsidy cuts and its impact …
Central Banks
The bonds will be matured in three months on 14 May 2019
12 February 04:41 PM Kuwait C.bank bonds covered 15.7 times
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and securities valued at KWD 160 million ($528 million), with a return of 3%. The issuance has a coverage rate of 15.7 times with total demand value of KWD 2.5 billion, according to the …
Banking and Finance
CBE sold T-bills worth $1.014 billion at an average yield of 3.797%
11 February 06:27 PM CBE sells $1.014bn T-bills on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) on Monday announced selling more than it originally offered of the 364-day US dollar-denominated treasury bills (T-bills). After offering $1 billion of the one-year T-bills, the CBE sold T-bills …
Banking and Finance
CBE issues $1bn T-bills Monday
11 February 10:28 AM CBE issues $1bn T-bills Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) has issued 364-day $1 billion treasury bonds (T-bills) on Monday. On 6 January, the CBE had sold US dollar-denominated T-bills worth $854.1 million at an average yield of 3.797%.  Egypt’s debt …
Treasury Bills
Egypt issues EGP 1.25bn T-bonds Monday
11 February 09:53 AM Egypt issues EGP 1.25bn T-bonds Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) worth EGP 1.25 billion on Monday on behalf of the Ministry of Finance (MOF). The first tranche of T-bonds will be offered through five-year notes at EGP 750 …
Banking and Finance
Saudi Arabia based issuers led the GCC in 2018
10 February 04:27 PM GCC entities issuances decline to $154bn in 2018 – Markaz
Mubasher: Consolidated primary securities issuances of entities such as central banks' local issuances, sovereign and corporate issuances in the Gulf region has decreased by 11.7% in 2018 from the prior year, according to a new report by the …
Bonds
The CPI recorded 0.4% last month, compared to 0% in December
10 February 04:21 PM Egypt's annual core inflation hits 8.6% in January – CBE
Cairo – Mubasher: Egypt’s annual core inflation rose to 8.6% in January, versus 8.3% last December, data by the Central Bank (CBE) showed on Sunday. The consumer price index (CPI) recorded 0.4% last month, compared to 0% in December, the CBE …
Central Banks
The move reflects the liquidity surplus at banks operating in the GCC nation
10 February 03:51 PM UAE C.bank withdraws AED 12.3bn liquidity surplus in December
Abu Dhabi – Mubasher: The Central Bank of the UAE withdrew a liquidity surplus of AED 12.3 billion in December 2018. The move, which reflects the liquidity surplus at banks operating in the GCC nation, is part of the central bank’s monetary …
Central Banks
CBE issues EGP 17bn T-bills Sunday
10 February 10:29 AM CBE issues EGP 17bn T-bills Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 17 billion on Sunday on behalf of the Ministry of Finance (MOF). The first tranche of T-bills will be offered through 91-day notes at EGP 8.5 billion, …
Treasury Bills
CBE issues EGP 18bn T-bills Thursday
7 February 10:33 AM CBE issues EGP 18bn T-bills Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 18 billion on Thursday on behalf of the Ministry of Finance (MOF). The issue will be used to finance the budget deficit, the CBE said. The first …
Central Banks
The expected return on the sukuk issue is 4.39%
6 February 03:29 PM Bahrain C.bank sukuk Al Ijara oversubscribed
Mubasher: The Central Bank of Bahrain (CBB) announced that its monthly issue of the short-term Islamic leasing bonds, sukuk Al Ijara, has been oversubscribed by 119%, according to a recent statement by the central bank. Subscription value totalled …
Banking and Finance
The GCC nation’s bank lending increased to AED 16.56 trillion last year
6 February 10:52 AM UAE bank lending hikes 5% in 2018
Abu Dhabi – Mubasher: Loans provided by banks operating in the UAE grew 5%, or AED 76.3 billion, during the full-year 2018, according to a report released by the Central Bank of the UAE (CBUAE). The GCC nation’s bank lending increased to AED 16.56 …
Banking and Finance
The IMF would conduct the final review of Egypt’s $12 billion loan programme next June.
5 February 04:34 PM Egypt’s foreign reserves hit $42.61bn in January
Cairo – Mubasher: Egypt's foreign reserves rose to $42.61 billion at the end of January, data by the Central Bank of Egypt (CBE) showed. It is worth noting that the North African country’s net foreign reserves stood at $42.55 billion last …
Macroeconomics
The bonds will be matured in three months on 7 May 2019
5 February 03:44 PM Kuwait C.bank bonds covered 10.8 times
Mubasher: The Central Bank of Kuwait (CBK) has offered bonds and securities valued at KWD 240 million ($792.95 million) for sale on Tuesday. With a return of 3%, the bonds were covered 10.83 times at a total demand value of KWD 2.49 billion. The …
Bonds
The joint venture is set to be completed within 12 months
5 February 10:23 AM 6 Saudi, UAE banks to participate in launching digital currency
Abu Dhabi – Mubasher: Six Saudi and Emirati banks will participate in the launch of the common digital currency project “Aber” over the coming period, the UAE Central Bank (UAECB) said. The joint venture (JV) is set to be completed within 12 …
Management Decisions
Issuing the bonds will be matured in three months
4 February 02:56 PM Kuwait C.bank issues KWD 240m bonds
Mubasher: The Central Bank of Kuwait (CBK) announced it has allocated bonds and securities valued at KWD 240 million ($793.14 million). Kuwait’s central bank clarified that issuing the bonds will be matured in three months, with a return of 3%. It …
Bonds
The CBE may incline to cut interest rate by 100 basis points rate next March
4 February 10:54 AM CBE likely to cut interest rates in March - Deutsche Bank
Cairo – Mubasher: The Central Bank of Egypt (CBE) is likely to keep interest rates unchanged in the first quarter of 2019, Deutsche Bank said in a research note. However, the CBE may incline to cut interest rate by 100 basis points rate next …
Central Banks
Egypt issues EGP 1.75bn T-bonds Monday
4 February 10:25 AM Egypt issues EGP 1.75bn T-bonds Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) worth EGP 1.75 billion on Monday on behalf of the Ministry of Finance (MOF). The first tranche of T-bonds will be offered through three-year notes at EGP 1 …
Macroeconomics
Saudi Arabia is the largest GCC holder of US Treasuries.
3 February 11:15 AM GCC holdings of US Treasuries fall 1.1% in November
By: Mahmoud Gamal Mubasher: The GCC’s holdings of US debt instruments dropped 1.09% month-on-month last November, registering $281.743 billion against $284.848 billion. Saudi Arabia’s holdings of US government bonds inched down 0.82% to $169.9 …
Central Banks
CBE issues EGP 17bn T-bills Sunday
3 February 10:27 AM CBE issues EGP 17bn T-bills Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 17 billion on Sunday on behalf of the Ministry of Finance (MOF). The first tranche of T-bills will be offered through 91-day notes at EGP 8.5 billion, …
Macroeconomics
The country’s M2 grew 13.3% to EGP 3.63 trillion
1 February 09:29 PM Egypt’s M2 records slower growth in December
Cairo – Mubasher: Egypt’s M2 money supply slowed down in December, compared to November’s figures, according to the Central Bank of Egypt (CBE). The country’s M2 grew 13.3% to EGP 3.63 trillion ($205.9 billion) at the last month of 2018 versus 14% …
Central Banks