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Central Banks

People aged between 16 and 21 will have limited access to banking services
27 January 12:37 PM CBE allows young people aged 16 years to open bank accounts
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued a decision to allow people above the age of 16 to open bank accounts without the consent of their parents or guardians. People aged between 16 and 21 will have limited access to banking …
Tamam was founded in 2019 and aims to increase financial inclusion in Saudi Arabia.
27 January 09:13 AM Tamam app launches Sharia-compliant microfinance scheme
Riyadh – Mubasher: Tamam Financing Company (Tamam) has been licensed by the Saudi Central Bank (SAMA) as the first company to provide micro-financing services to consumers across Saudi Arabia. Tamam announced the certification of its micro-finance …
Executive Director of the EBI, Abdul Aziz Noseir
26 January 04:21 PM Egyptian Banking Institute, Go1 join forces
Cairo – Mubasher: The Egyptian Banking Institute (EBI), the training arm of the Central Bank of Egypt (CBE), signed a new agreement with the e-learning company Go1.   Under the deal, EBI’s customers will be able to access more than 80,000 training …
The issuance will be used to finance the country’s budget deficit
25 January 10:38 AM CBE offers EGP 14bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 14 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds will be offered through fivey-year notes valued at EGP 7.5 …
The King of Saudi Arabia, Salman bin Abdulaziz Al Saud.
25 January 10:02 AM King Salman orders merging two ministries; names new SAMA governor
Riyadh – Mubasher: The King of Saudi Arabia, Salman bin Abdulaziz Al Saud, on Sunday issued a royal decree to merge the Ministry of Housing and the Ministry of Municipal and Rural Affairs in one entity under the name “The Ministry of Municipal, …
The issuance will be used to finance the country’s budget deficit
24 January 10:42 AM CBE offers EGP 16bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 16 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 4.5 …
Banks will be reopened on Sunday, 31 January
21 January 05:33 PM CBE announces 25 January Revolution holiday
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced that banks will be closed on Thursday, 28 January, in celebration of the anniversary of 25 January Revolution and National Police Day. Banks will be reopened on Sunday, 31 January, the …
The Saudi Central Bank (SAMA)
21 January 12:42 PM SAMA, HRSD team up to combat money laundering, terrorist financing
Riyadh – Mubasher: The Saudi Central Bank (SAMA) and the Ministry of Human Resource and Social Development (HRSD) on Wednesday penned a memorandum of cooperation (MoC) to counter money laundering and the financing of terrorism. The step comes in …
The issuance will be used to finance the country’s budget deficit
21 January 10:45 AM CBE offers EGP 19.25bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 19.25 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 7 …
Photo Archive
18 January 11:34 AM Banks in UAE provide 4% higher loans in November
Abu Dhabi – Mubasher: Loans provided from Emirati banks grew by 4% on an annual basis in November 2020 to AED 1795.3 billion, as shown by data from the Central Bank of the UAE (CBUAE). On the contrary, loans provided by the UAE banks to the …
The UAE banks’ investments in debt securities increased by AED 3.5 billion monthly in November.
18 January 10:56 AM UAE banks’ investments in bonds, stocks rise in November
Abu Dhabi – Mubasher: Total investments of Emirati banks in bonds and stocks soared by AED 6.1 billion or 1.4% on a month-on-month (MoM) basis in November 2020 to reach AED 454.2 billion, according to data from the Central Bank of the UAE (CBUAE). …
The issuance will be used to finance the country’s budget deficit
18 January 10:31 AM CBE offers EGP 17bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bonds (T-bonds) worth EGP 17 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bonds will be offered through two-year notes valued at EGP 5 …
Assets of banks in the UAE hiked by 5% on a yearly basis in November 2020.
17 January 02:20 PM UAE C.bank’s assets total AED 441bn in November
Abu Dhabi – Mubasher: Assets of the Central Bank of the UAE (CBUAE) totalled AED 441 billion by the end of November 2020. Cash and banking deposits' balances amounted to AED 291.52 billion last November while deposits' balance reached AED 54.16 …
The issuance will be used to finance the country’s budget deficit
17 January 10:39 AM CBE offers EGP 16bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 16 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 5 …
Central Bank of Egypt
14 January 03:43 PM Egyptian banks' balances abroad surge to $20bn at December-end
Cairo – Mubasher: Balances and reserves held by Egyptian banks abroad leapt to more than $20 billion at the end of December 2020 from about $10 billion at the end of April, a senior official at the Central Bank of Egypt (CBE) told the Middle East …
The issuance will be used to finance the country’s budget deficit
14 January 10:39 AM CBE offers EGP 20bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 20 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 7.5 …
banks are allowed to distribute employee bonuses and board remuneration
12 January 01:47 PM CBE prohibits banks from paying dividends due to COVID-19 crisis
Cairo – Mubasher: The Central Bank of Egypt (CBE) has issued a decision to ban banks from paying dividends to shareholders. The decision is aimed at protecting the capital of banks against the potential risks of the coronavirus (COVID-19) crisis, …
The issued bonds and related Tawarruq have a return rate of 1.125%
11 January 04:36 PM CBK issues KWD 240m bonds
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related Tawarruq at a total value of KWD 240 million, according to a press release on Monday. With a three-month maturity period, the issued bonds and related Tawarruq have a …
The monthly core CPI recorded zero in the last month of 2020
11 January 10:49 AM Egypt’s annual core inflation drops to 3.8% in December 2020 – CBE
Cairo – Mubasher: Egypt’s annual core inflation rate retreated to 3.8% in December 2020, compared to 4% a month earlier, according to data released by the Central Bank of Egypt (CBE). The monthly core consumer price index (CPI) recorded zero in …
The issuance will be used to finance the country’s budget deficit.
11 January 10:38 AM CBE offers EGP 21bn T-bills, bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills and bonds worth EGP 21 billion on Monday on behalf of the Ministry of Finance. The first tranche of the T-bills will be offered through 91-day notes valued at EGP 4.5 …
The issuance will be used to finance the country’s budget deficit
10 January 10:37 AM CBE offers EGP 19.25bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 19.25 billion on Sunday on behalf of the Ministry of Finance. The first tranche of the T-bills will be offered through 182-day notes valued at EGP 7 …
Qatar’s foreign reserves continued to rise for the 34th successive month in December 2020.
7 January 01:03 PM Standard Chartered expects Qatar’s economy to grow 3% this year
Doha – Mubasher: Standard Chartered expected Qatar’s economy to grow by 3% this year as the easing of a three-year-old regional dispute will help trade, tourism, and logistics, Reuters reported. The British lender had revised its previous 2.1% …
The greenback slid to EGP 15.63 for purchasing
6 January 05:51 PM EGP continues to advance against USD on rising foreign reserves
Cairo – Mubasher: The US dollar exchange rate dropped against the Egyptian pound by EGP 0.04 in the first week of 2021 as foreign reserves rose to more than $40 billion. According to data by the Central Bank of Egypt (CBE), the average exchange …
The kingdom’s cash liquidity totalled SAR 2.139 trillion in the January-November period.
6 January 01:31 PM Saudi M3 money supply hits all-time high in 11M
Riyadh – Mubasher: Saudi Arabia's cash liquidity -M3 money supply- rose by 7.75% or SAR 153.85 billion yearly in the first eleven months of 2020 to reach an all-time high. The kingdom’s cash liquidity amounted to SAR 2.139 trillion in the …
Fees on bank transfers  were suspended until the end of June 2021
6 January 12:17 PM CBE instructs banks to expedite transfers
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued new instructions for banks to expedite the transfers denominated in the Egyptian pound as part of the country’s efforts towards digital transformation. Banks will receive digital transfer …