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14 April 12:53 AM

Central Banks

Net flows of FDI to Egypt declined by 32.3% to $3.4 billion
13 April 11:01 AM Egypt's BoP records $1.5bn surplus in H2-20 – CBE
Cairo – Mubasher: Egypt’s balance of payments (BoP) posted an overall surplus of $1.5 billion during the second half (H2) of 2020, compared to a deficit of $9 billion in H1-20 and a surplus of $410.9 million in H2-19, according to data by the …
Central Banks
The issuance will be used to finance the country’s budget deficit
12 April 10:49 AM CBE offers EGP 13bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 13 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds will be offered through three-year notes valued at EGP 7 …
Macroeconomics
Remittances of Egyptians living abroad fell by $116.9 million in January
11 April 04:37 PM Egyptian expat remittances grow $1.7bn in seven months
Cairo – Mubasher: Remittances from Egyptian expatriates increased by $1.7 billion or 10.6% year-on-year (YoY) to $18.1 billion from July 2020 to last January, compared to $16.3 billion, according to data by the Central Bank of Egypt (CBE). In …
Central Banks
Central Bank of Egypt - (Photo Archive)
11 April 01:47 PM CBE to introduce instant payment module, soft POS in 2021 - Deputy Governor
By: Marina Gamil Cairo – Mubasher: The Central Bank of Egypt (CBE) will this year launch a full-fledged instant payment module, after finalising regulations, and introduce a soft point of sale (POS) system that allows the use of mobile phones as …
Macroeconomics
Arabian Shield will raise the capital by granting bonus shares
11 April 11:37 AM SAMA approves Arabian Shield’s SAR 100m capital raise
Riyadh – Mubasher: The Saudi Central Bank (SAMA) approved Arabian Shield Cooperative Insurance Company's request to increase its capital to SAR 400 million from SAR 300 million through issuing bonus shares, according to a disclosure to Tadawul on …
Board of Directors
State-run banks are the top purchasers of the government debt instruments
11 April 10:35 AM CBE offers EG 18.5bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 18.5 billion on Sunday on behalf of the Ministry of Finance. The first tranche of the T-bills will be offered through 91-day notes valued at EGP 11 …
Banking and Finance
The monthly core CPI recorded 0.5% last month
8 April 05:48 PM Egypt’s annual core inflation rise to 3.7% in March – CBE
Cairo – Mubasher: Egypt’s annual core inflation rate increased to 3.7% in March, compared to 3.6% a month earlier, data by the Central Bank of Egypt (CBE) showed. The monthly core consumer price index (CPI) recorded 0.5% last month, compared to …
Macroeconomics
Al Mubarak partially attributed the outlook to rebounding oil prices
8 April 01:42 PM Saudi Arabia’s economic recovery seen positive in 2021
Riyadh – Mubasher: Saudi Arabia’s economic recovery is likely to be positive this year, Reuters cited Governor of the Saudi Central Bank (SAMA) Fahad Al Mubarak as saying. The official partially attributed the outlook to rebounding oil prices, …
Macroeconomics
Chubb Arabia aims to increase the capital to SAR 300 million
8 April 12:47 PM SAMA nods to Chubb Arabia’s SAR 100m capital raise
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company received the Saudi Central Bank’s (SAMA) approval to increase the capital by SAR 100 million from the retained earnings balance, according to a disclosure to Tadawul on Thursday. The …
Central Banks
Banks will be welcoming clients in Ramadan from 9:30 am till 1:30 pm
8 April 11:34 AM CBE announces working hours for banks in Ramadan
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced the working hours for banks during the holy month of Ramadan. Banks will be welcoming clients in Ramadan from 9:30 am till 1:30 pm, the CBE said in a statement on Thursday. The working …
Banking and Finance
Al Tameemi will replace Abdulhamid M. Saeed Alahmadi
7 April 03:24 PM UAE appoints new CBUAE governor
UAE - Mubasher: Sheikh Khalifa bin Zayed Al Nahyan, the UAE President, has issued a decree to appoint Khaled Mohamed Balama Al Tameemi as the new governor of the Central Bank of the UAE (CBUAE), according to the Emirates News Agency (WAM). Al …
Management Decisions
The national banks have invested around AED 22 billion in the local market
7 April 10:07 AM UAE banks invest AED 22bn in local market in January 2021
UAE - Mubasher: The national banks in the UAE have invested around AED 22 billion in the local market during January 2021, the Emirates News Agency (WAM) reported. The investments of UAE banks in the local market are part of their strategic plans …
Macroeconomics
Egypt’s net international reserves rose by $136 million
6 April 02:07 PM Egypt’s gold reserves fall to lowest level in 10 months
By: Heba El-Kordy Cairo – Mubasher: Gold reserves in Egypt continued its downward trend for the third month in a row, sliding by $456 million during the first quarter (Q1) of 2021 from $4.39 billion at the end of 2020, pressured by losses of the …
Central Banks
The issuance will be used to finance the country’s budget deficit
4 April 10:25 AM CBE offers EGP 18.5bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 18.5 billion on Sunday on behalf of the Ministry of Finance. The first tranche of the T-bills will be offered through 91-day notes valued at EGP 10.5 …
Banking and Finance
The Saudi foreign reserve assets retreated by 1.96% MoM in February 2021
29 March 11:44 AM Saudi Arabia's foreign reserve assets hit SAR 1.655 trn in February 2021
Riyadh – Mubasher: Saudi Arabia's foreign reserve assets declined by 11.26% to SAR 1.655 trillion ($441 billion) in February 2021 from SAR 1.865 trillion ($497 billion) in the same month of 2020, recording the lowest level in over 10 years. On a …
Macroeconomics
The issuance will be used to finance the country’s budget deficit
28 March 10:36 AM CBE offers EGP 19bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 19 billion on Sunday on behalf of the Ministry of Finance. Join Du Trade today and invest in stocks without paying commission .. Click Here The first …
Banking and Finance
The issuance will be used to finance the country’s budget deficit
25 March 10:20 AM CBE offers EGP 18bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 18 billion on Thursday on behalf of the Ministry of Finance. The first tranche of the T-bills will be offered through 182-day notes valued at EGP 10.5 …
Treasury Bills
Central Bank of Egypt
24 March 03:35 PM CBE instructs banks to streamline account opening procedures
Cairo – Mubasher: The Central Bank of Egypt (CBE) has instructed banks to streamline account opening procedures. Under the new instructions, self-employed people, owners of micro-sized enterprises, and craftsmen will be able to open current and …
Banking and Finance
Financial Regulatory Authority
24 March 03:23 PM Egypt's FRA, CBE to establish new fund to support bourse liquidity
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) announced signing an agreement with the Central Bank of Egypt (CBE) to establish a fund for financing securities brokerage companies. The fund will help increase the volume of …
Banking and Finance
This decision is aimed at meeting the needs of the local market
24 March 12:01 PM CBE extends exemption of three commodity imports from 100% cash requirement
Cairo – Mubasher: The Central Bank of Egypt (CBE) has extended the exemption period for rice, lentils, and fava beans from the 100% cash cover requirements for one year ending on 15 March 2022. This decision is aimed at facilitating the procedures …
Macroeconomics
The CBE expressed its satisfaction with the recent economic growth rates
22 March 10:54 AM CBE likely to halt monetary easing – Mubasher Research
Cairo – Mubasher: The Central Bank of Egypt (CBE) is expected to halt the monetary easing cycle as long as growth and inflation rates continue to rise, according to Mubasher Trade Research. Despite being low in the current period, inflation rates …
Banking and Finance
The issuance will be used to finance the country’s budget deficit
22 March 10:06 AM CBE offers EGP 12.5bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 12.5 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 7 …
Banking and Finance
The Monetary Policy Committee decided to leave interest rates unchanged on Sunday
21 March 10:13 AM CBE offers EGP 19bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 19 billion on Sunday on behalf of the Ministry of Finance. The first tranche of the T-bills will be offered through 91-day notes valued at EGP 11 …
Macroeconomics
Non-performing loans fell to 3.6% of total loans at the end of last December
18 March 05:50 PM CBE affirms strength of banking sector as non-performing loans drop
Cairo – Mubasher: The Central Bank of Egypt (CBE) affirmed the strength and resilience of the banking sector, noting that the assets of banks operating in the local have significantly improved according to the financial soundness indicators for …
Central Banks
The RPS focuses on retail payment systems
18 March 12:31 PM CBUAE launches large-value, retail payment regulations
UAE - Mubasher: The Central Bank of the UAE (CBUAE) has issued two new payment regulations, comprising the Large-Value Payment Systems (LVPS) and the Retail Payment Systems (RPS). The new payment regulations aim to strengthen financial …
Banking and Finance