Central Banks

Cairo – Mubasher: The Central Bank of Egypt (CBE) announced Thursday, 25 July 2024 as a holiday for all banks operating in the country in celebration of the 23 July Revolution. Banks will resume works on Sunday, 28 July, according to a cabinet …

UAE – Mubasher: The Central Bank of the UAE (CBUAE) has signed two memorandums of understanding (MoU) with the Central Bank of Seychelles (CBS) to support the use of local currencies in settling cross-border financial and commercial transactions, …

Cairo – Mubasher: The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) kept its key interest rates unchanged, maintaining the overnight deposit rate at 27.25%, the overnight lending rate at 28.25%, and the main operation rate at …

Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a combined value of EGP 65 billion through two tranches on Sunday, 21 July 2024. The first auction was valued at EGP 40 billion and will mature in 91 days on 22 …

Cairo – Mubasher: The Central Bank of Egypt (CBE) has offered treasury bills (T-bills) at an aggregated value of EGP 75 billion over two issues on Thursday, 18 July 2024. The first auction totalled EGP 30 billion with a 182-day tenor until 21 …

UAE – Mubasher: The Central Bank of the UAE (CBUAE) and the National Bank of Ethiopia (NBE) have signed a bilateral currency swap agreement for the UAE Dirham and Ethiopian Birr. The agreement allows the CBUAE and the NBE to swap local currencies …

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) and bonds (T-bonds) at a combined value of EGP 143 billion through six tranches on Sunday and Monday, 14 and 15 July 2024. The CBE auctioned T-bills totalling EGP …

Cairo – Mubasher: Egypt’s total trade deficit surged by 22.29% year-on-year (YoY) to $28.80 billion during the first nine months (9M) of fiscal year (FY) 2023/2024 from $23.55 billion. Total exports dropped to more than $24.11 billion in 9M-23/24 …

Cairo – Mubasher: Egypt recorded a staggering increase of around 200% year-on-year (YoY) in net inflows of foreign direct investments (FDI) to $23.70 billion during the first nine months (9M) of the fiscal year (FY) 2023/2024, against $7.90 …

Cairo – Mubasher: Suez Canal’s transit receipts declined by 7.40% year-on-year (YoY) to $5.80 billion during the first nine months (9M) of the fiscal year (FY) 2023/2024, versus $6.20 billion. The net tonnage shrank by 15.60% to 944.9 million …

Riyadh – Mubasher: Saudi Arabia's liquidity levels surged by 8.60% year-on-year (YoY) to SAR 2.82 trillion at the end of May 2024, according to the Saudi Central Bank (SAMA). This represented an increase of more than SAR 222.928 billion compared …

Cairo – Mubasher: The net international reserves (NIR) at the Central Bank of Egypt (CBE) reached a new high of $46.38 billion at the end of June 2024. Reserves increased by $258.40 million from $46.12 billion in May, according to CBE’s …

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bonds (T-bonds) at a total value of EGP 8.25 billion over three tranches on Monday, 8 July. The first auction was valued at EGP 3 billion, holding a tenor of two years until 2 July …

Dubai – Mubasher: Ajman Bank collaborated with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), to integrate with the Aani Instant Payment Platform. This significant partnership reinforces Ajman Bank’s position as one …

Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 65 billion through two offerings on Sunday, 7 July. The first auction was valued at EGP 40 billion and will mature in 91 days on 8 …

Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 75 billion through two issues on Thursday, 4 July. Holding a tenor of 182 days until 7 January 2025, the first issue was valued at EGP 30 …

Cairo – Mubasher: The Central Bank of Egypt (CBE) has collected liquidity amounting to EGP 1.08 trillion through its open market operations on Tuesday. The monetary authority had issued new rules for its main open market operations, switching from …

Cairo – Mubasher: Egypt achieved a foreign asset surplus for the first time since January 2022, marking a 28-month milestone, in May 2024. Egypt reported a foreign asset surplus of EGP 676.40 billion ($14.03 billion) in May 2024, compared to a …

Cairo – Mubasher: Egypt’s external debt declined by 4.40%, or $7.43 billion, to $168.03 billion in the first quarter (Q1) of 2024 from $160.60 billion in the fourth quarter (Q4) of 2023. The current level is the lowest since July 2022, according …

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bonds (T-bonds) at a combined value of EGP 8 billion through two auctions on Monday, 1 July. The first tranche stood at EGP 2 billion and will mature in two years on 2 July 2026, …

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at an aggregated value of EGP 60 billion through two auctions on Thursday, 27 June. The first issue was valued at EGP 40 billion and will mature in 91 days on 1 …

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 55 billion through two issues on Monday, 24 June. With a value of EGP 30 billion, the first tranche will mature in 91 days on 24 …

Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 45 billion through two issues on Sunday, 23 June. The first auctions stood at EGP 25 billion and will mature in 182 days on 24 December …