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15 December 06:33 PM

Central Banks

CBE issues EGP 18.75bn T-bills Thursday
13 December 10:39 AM CBE issues EGP 18.75bn T-bills Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 18.75 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 9.5 …
Banking and Finance
The move is aimed at improving responsible lending practices by banks
11 December 12:55 PM UAE lenders to make credit checks before issuing chequebooks – C.bank
Abu Dhabi — Mubasher: The Central Bank of the UAE (CBUAE) has commissioned lenders operating in the GCC nation to run credit checks with Al Etihad Credit Bureau (AECB) issuing them with cheque books. The move is aimed at improving responsible …
Central Banks
Egypt's annual core inflation fell to 7.94% in November
11 December 09:04 AM Egypt's core inflation slumps to 7.94% in November – CBE
Cairo – Mubasher: Egypt’s annual core inflation eased to 7.94% month-on-month in November from 8.86%. The monthly core inflation recorded 0.5% last month, versus 1% in October, the Central Bank of Egypt (CBE) said in a recent statement. It is …
Central Banks
Egypt sells $1.1m USD-denominated T-bills
11 December 08:54 AM Egypt sells $1.1bn USD-denominated T-bills
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced it has sold one-year US dollar-denominated treasury bills (T-bills) worth $1.1 billion on Monday. The bank has sold the T-bills, due on 10 December 2019, at an average yield of 3.747%, …
Macroeconomics
The bonds have a return of 2.875%
10 December 05:29 PM Kuwait C.bank issues KWD 160m securities
Mubasher: The Central Bank of Kuwait announced the issuance of bonds and securities valued at KWD 160 million ($526.35 million) on Monday, according to the bank’s latest data. The bonds have a return of 2.875% and will be matured in six months. It …
Banking and Finance
This tool will help conventional retail banks borrow from the local market
9 December 03:31 PM Bahrain C.bank announces new tool for local banks
Mubasher: The Central Bank of Bahrain (CBB) has introduced on Sunday a new instrument to help local lenders in Bahrain manage their liquidity. Bahrain’s central bank has announced an interbank repurchase instrument that covers the government's …
Central Banks
QCB sold QAR 700m T-bills
5 December 03:28 PM QCB sells QAR 700m T-bills
Mubasher: The Qatar Central Bank (QCB)) announced issuing QAR 700 million ($193.4 million) treasury bills (T-bills) on behalf of the finance ministry. The first tranche of the three-month T-bills amounted to QAR 400 million with a yield of 2.29%, …
Treasury Bills
Al Sayer Holding will raise its equity Warba Bank to about 15%
5 December 11:38 AM Kuwait C.bank nods to acquiring stakes in Warba Bank
Mubasher: Warba Bank announced that the Central Bank of Kuwait has approved for Abdullah Saleh AlShaflan to own a stake of 15% in the bank, according to a bourse statement on Wednesday. The bank clarified that this approval has a duration of three …
Central Banks
Photo Archive
4 December 08:36 PM UAE Central Bank raises non-oil growth forecasts
Abu Dhabi – Mubasher: The Central Bank of the United Arab Emirates (CBUAE) expects the non-oil local economy to grow by 3.3% in 2018. Real non-oil gross domestic product (GDP) is forecasted by the Emirati central bank by 3.3% in the third quarter …
Macroeconomics
The yield on bonds stands at 2.875%
4 December 12:46 PM Kuwait C.bank KWD 250m bonds covered 9.64 times
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and securities valued at KWD 250 million ($823.4 million) on Tuesday. The yield on bonds stands at 2.875% with a six-month maturity to end on 4 June 2019, according to the latest official …
Banking and Finance
Saving deposits tumbled 6.3% year-on-year to SAR 413.93 billion in October
3 December 03:35 PM Bank deposits grow 1.2% in October – SAMA
Riyadh – Mubasher: Deposits at banks operating in Saudi Arabia increased by 1.2% year-on-year to SAR 1.62 trillion ($432 billion) in October, from SAR 1.6 trillion ($427 billion), the Saudi Arabian Monetary Authority (SAMA) said. Demand deposits, …
Macroeconomics
Saudi general reserves drop to SAR 573bn in October – SAMA
29 November 07:16 PM Saudi general reserves drop to SAR 573bn in October – SAMA
Riyadh – Mubasher: Saudi Arabia’s general reserves fell 7% in October, compared to the same month last year, reaching SAR 572.55 billion, from SAR 612.68 billion, the Saudi Arabian Monetary Authority’s (SAMA) monthly report showed. On the other …
Central Banks
The issuance will be used to finance the budget deficit
29 November 10:54 AM CBE issues EGP 19bn T-bills Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 19 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 9.5 …
Treasury Bills
The commemorative currency will be issued on December 2 in honour of the life of the founding father Zayed bin Sultan Al Nahyan
29 November 09:11 AM UAE C. bank to issue commemorative coins, banknote for 47th National Day
Abu Dhabi – Mubasher: The Central Bank of the UAE (CBUAE) has announced it will introduce a commemorative silver coin, a commemorative AED 1 coin, and an AED 100 banknote with the "Year of Zayed" logo on the occasion of the 47th National Day. The …
Macroeconomics
India accounts for most expat remittances in UAE
27 November 05:57 PM India accounts for most expat remittances in UAE
By: Mahmoud Gamal Abu Dhabi - Mubasher: Indian expats in the UAE account for the largest share of remittances, with around 39.6% of the total expat remittances in the first half of the year. Data released by the Central Bank of the UAE revealed …
Central Banks
UAE non-resident deposit surplus hits AED 70bn in October
27 November 03:52 PM UAE non-resident deposit surplus hits AED 70bn in October; sector attractive to investors
By: Mahmoud Gamal Abu Dhabi – Mubasher: Deposits by non-residents in the UAE exceeded the volume of loans offered to them by AED 70 billion ($19.06 billion) by the end of October 2018, newly-released data showed. The total value of non-resident …
Banking and Finance
22 November 10:44 AM CBE issues EGP 19bn T-bills Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 19 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 9.5 …
Banking and Finance
Qatar banking loans fall 1.1% in October
21 November 06:29 PM Qatar banking loans fall 1.1% in October
Mubasher: Loans provided by commercial banks operating in Qatar fell by 1.1% year-on-year in October to QAR 937.39 billion ($259.12 billion) from QAR 948.19 billion ($262.1 billion) in September, data showed on Wednesday. The decrease came on the …
Central Banks
The financial indicators of the GCC country’s banking sector have shown a robust growth
21 November 03:04 PM UAE gov’t deposits hit AED 300bn in 10M – C.bank
Abu Dhabi – Mubasher: Government deposits at banks operating in the UAE surged AED 89 billion, or 42%, to AED 300 billion in the first ten months of this year, compared to AED 211 billion a year ago, the Central Bank of the UAE’s (CBUAE) data. The …
Central Banks
CBE nets $1.7bn proceeds of one-year T-bills
21 November 02:34 PM CBE nets $1.7bn proceeds of one-year T-bills
Cairo – Mubasher: The proceeds of the one-year dollar-denominated treasury bills (T-bills) issued last Monday amounted to $1.7 billion, data by the Central Bank of Egypt (CBE) showed. The average yield of the 364-day T-bills stood at 3.69%, …
Treasury Bills
CBUAE foreign assets fall in October
21 November 01:34 PM CBUAE foreign assets fall in October
Abu Dhabi – Mubasher: Foreign assets held with the Central Bank of the UAE (CBUAE) decreased slightly by 0.07% to reach AED 327.06 billion ($89.06 billion) in October from AED 327.3 billion ($89.12 billion) in the prior month. Government deposits, …
Central Banks
Kuwait C.bank sells KWD 240m bonds
20 November 10:48 AM Kuwait C.bank sells KWD 240m bonds
Mubasher: The Central Bank of Kuwait (CBK) on Tuesday announced issing six-month bonds at a value of KWD 240 million ($1 million). The issue was oversubscribed by 9.9 times, after banks provided around KWD 2.39 billion, according to the CBK’s …
Central Banks
UAE C.Bank gives banks 30-day deadline ahead of Emiratisation-points fine
20 November 09:37 AM UAE C.Bank gives banks 30-day deadline ahead of Emiratisation-points fine
Abu Dhabi – Mubasher: The Central Bank of the UAE has provided banks with a 30-day grace period, starting 31 December, to complete the points required in the Emiratisation Points system that was endorsed by the Council of Ministers in the …
Macroeconomics
Egypt issues EGP 1.25bn T-bonds Monday
19 November 10:07 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 …
Macroeconomics
Kuwaiti CBK assets rise 22% to KWD 11bn YoY in October
18 November 06:30 PM Kuwaiti CBK assets rise 22% to KWD 11bn YoY in October
Mubasher: The Central Bank of Kuwait's (CBK) assets surged 21.6% year-on-year by the end of October, reaching KWD 10.7 billion ($35.3 billion), compared to KWD 8.8 billion ($28.9 billion), the bank's data revealed. The growth in assets was …
Central Banks