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21 November 08:07 AM

Central Banks

Foreign securities shrank by 96%in October
20 November 09:40 AM UAE C.bank’s assets grow 13% in October
Abu Dhabi – Mubasher: Total foreign assets of the Central Bank of the UAE (CBUAE) rose by 13.45% or AED 44 billion ($11.98 billion) year-on-year (YoY) during October 2019. The assets registered AED 370.73 billion in October of the …
Central Banks
US Department of Treasury
19 November 02:11 PM Saudi holdings of US T-bonds up 3% in September
By: Bedour Elrae Riyadh – Mubasher: Saudi Arabia raised its possessions of US treasury bonds during September by 3% or $5.4 billion, as shown by the US Department of the Treasury data. Saudi assets of US bonds increased to $181.5 billion by the …
Treasury Bills
Five-year T-bonds have an average yield of 13.837%
19 November 12:11 PM CBE sells EGP 697m T-bonds
By: Islam Fadl Cairo – Mubasher: The Central Bank of Egypt (CBE) accepted bids worth EGP 697 million for five- and ten-year treasury bonds (T-bonds) in two auctions on Monday after it originally offered EGP 3.75 billion in T-bonds. With an average …
Central Banks
Bundesbank
18 November 05:38 PM No signs for recession in Germany - Bundesbank
Mubasher: Economic growth in Germany is expected to remain weak during the fourth quarter (Q4) of 2019, according to the German central bank (Bundesbank), Reuters reported. Nevertheless, Bundesbank sees no reason to fear a recession with signs …
Global Economy
The yield on the 91-day T-bills averaged 15.38%
18 November 04:52 PM Yield on Egypt’s T-bills hits lowest level in more than 3 yrs
By: Heba El-Kordy Cairo – Mubasher: The yield on 91-day treasury bills (T-bills) offered by the Central Bank of Egypt (CBE) on Sunday retreated to its lowest level since October 2016 in the first auction of T-bills after cutting interest rates, …
Macroeconomics
Egypt aims to expand into long-term debt instruments
18 November 10:38 AM CBE issues EGP 3.75bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) worth EGP 3.75 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds will be offered through five-year notes valued at EGP …
Bonds
The CBE decided to reduce interest rates by 100 bps last Thursday
17 November 04:21 PM CBE expected to cut interest rates by 3% in 2020
By: Ahmed Allam Cairo – Mubasher: Interest rates in Egypt are forecast to continue its downward trend in 2020, a senior analyst at Beltone Financial, Alia Mamdouh, said. The Central Bank of Egypt (CBE) will likely deliver another interest rate cut …
Banking and Finance
The issuance will be used to finance the country’s budget deficit.
17 November 10:50 AM CBE issues EGP 19bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 19 billion on Sunday on behalf of the Ministry of Finance (MoF). The first tranche of the T-bills amounts to EGP 9.25 billion and will be offered …
The discount rate declined to 12.75%
14 November 10:01 PM CBE lowers interest rates for fourth time in 2019
Cairo – Mubasher: The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided in its meeting on Thursday to cut the current interest rates for the fourth time in 2019. The Overnight deposit rate and the overnight lending rate …
Banking and Finance
Saudi Arabian Monetary Authority
14 November 10:01 AM SAMA updates actuarial regulations for insurance sector
Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) announced updating actuarial regulations of insurance and reinsurance companies, according to a statement on Wednesday. SAMA called upon the general public and interested parties to …
Sector Reports
Exchange companies registered profits of KWD 13.77 million by September
12 November 12:43 PM Kuwaiti exchange companies’ profits down 4% in 9M
Mubasher: Foreign exchange companies in Kuwait saw a 4% decrease in net profits during the first nine months of the year, according to a statement by the Central Bank of Kuwait (CBK). Exchange companies registered profits of KWD 13.77 million …
Banking and Finance
The average yield on T-bills stood at 1.43%
12 November 12:31 PM CBE sells EUR 695m T-bills
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced the sale of Euro-denominated treasury bills (T-bills) worth EUR 695 million with a maturity of 364 days in an auction held on Monday. The yield on T-bills ranges between 1.4% and 1.45%, …
Central Banks
Local liquidity amounted to KWD 38.311 billion
11 November 05:03 PM Kuwait’s local liquidity stabilises in September
Mubasher: Local liquidity in the Kuwaiti market marginally rose in September by 0.01% on an annual basis, as shown by the Central Bank of Kuwait (CBK) monthly bulletin. Local liquidity amounted to KWD 38.311 billion ($126.343 billion) by the end …
Central Banks
The Central Bank of Kuwait
11 November 04:51 PM CBK issues KWD 160m bonds
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds worth KWD 160 million ($528 million), according to the Kuwait News Agency (KUNA). The Bonds and related Tawarruq issuance will mature in six months, with a rate of return at 2.875%. CBK’s …
Bonds
The monthly core inflation registered a positive 1.1% last month
11 November 01:25 PM Egypt’s annual core inflation registers 2.7% in October
Cairo – Mubasher: Egypt’s annual core inflation rate inched up to 2.7% in October from 2.6% a month earlier, according to data released by the Central Bank of Egypt (CBE) on Monday. The monthly core inflation registered a positive 1.1% last month, …
Banking and Finance
The issuance will be used to finance the country’s budget deficit
11 November 10:56 AM CBE issues EGP 4bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) worth EGP 4 billion on Monday on behalf of the Ministry of Finance (MoF). The first tranche of the T-bonds will be offered through three-year notes valued at EGP …
Bonds
Net foreign reserves stood at $45.246 billion in October
7 November 05:00 PM Egypt’s foreign reserves rise $26.2bn since EGP flotation
By: Heba El-Kordy Cairo – Mubasher: Egypt’s international reserves have increased by $26.2 billion since the flotation of the Egyptian pound until the end of October, according to a survey conducted by Mubasher. Following 2011 popular uprising …
Macroeconomics
Egypt's international reserves reached $45.246 billion in October
7 November 03:23 PM Egypt’s gold reserves grow $58m in October
By: Heba El-Kordy Cairo – Mubasher: Gold reserves in Egypt increased by $58 million month-on-month in October, despite the drop in gold prices globally. The North African nation’s gold reserves reached $3.26 billion last month, compared to $3.2 …
Macroeconomics
Central Bank of Kuwait
7 November 02:42 PM Kuwait’s foreign reserves rise 6%
By: Eman Ghaly Mubasher: Kuwait’s foreign reserves rose by 6.36% year-on-year (YoY) last September, as shown by the Central Bank of Kuwait (CBK) data. Foreign reserves reached KWD 11.772 billion ($38.868 billion) in September 2019, compared with …
Central Banks
The issuance will be used to finance the country’s budget deficit
7 November 10:57 AM CBE issues EGP 18.5bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 18.5 billion on Thursday on behalf of the Ministry of Finance (MoF). The first tranche of the T-bills amounts to EGP 9 billion and will be offered …
Treasury Bills
CBK data showed that BoP deficit in Q2-19 reached KWD 9.5 million
6 November 04:56 PM Kuwait’s balance of payments records deficit in Q2
Mubasher: Preliminary data of the State of Kuwait’s Balance of Payments (BoP) for the second quarter (Q2) of 2019 showed turning to deficit, after recording surplus in the corresponding period in 2018, according to the Central Bank of Kuwait …
Central Banks
Foreign deposits fall thanks to the recent appreciation of the EGP
6 November 01:38 PM Egyptian banks' foreign deposits fall to lowest level since December 2017
By: Heba El-Kordy Cairo – Mubasher: Total foreign-currency deposits at Egyptian banks retreated to its lowest level since December 2017, according to a survey conducted by Mubasher, hitting EGP 686.4 billion ($42.6 billion) in September from EGP …
Macroeconomics
The number of Meeza transactions registered EGP 1.5 million
5 November 03:44 PM Egyptian banks issue 3.2m Meeza cards until end-October
By: Islam Fadl Cairo – Mubasher: The number of national e-payment Meeza cards issued by Egyptian banks amounted to 3.2 million at the end of October, the Central Bank of Egypt’s (CBE) deputy governor Lobna Helal said. The number of Meeza …
Banking and Finance
NSB’s social solidarity funding stood at EGP 1.03 billion in FY18/19
4 November 04:13 PM Nasser Social Bank eyes EGP 500m capital hike in FY19/20
By: Islam Fadl Cairo – Mubasher: Nasser Social Bank (NSB) aims to increase its capital by EGP 500 million to EGP 3 billion during fiscal year 2019/2020, the bank’s vice chairman Sherif Farouk told Mubasher. In addition, the bank has received the …
Banking and Finance
Remittances of Egyptians abroad amounted to $4.4 billion
4 November 03:45 PM Remittances from Egyptian expats rise $227m in 2M
Cairo – Mubasher: Remittances from expatriate Egyptians increased by $227.1 million, or 5.5%, year-on-year during July and August, according to data released by the Central Bank of Egypt (CBE) on Monday. Remittances of Egyptians abroad amounted to …
Central Banks