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25 August 07:24 AM

Central Banks

The CBE
22 August 08:53 PM CBE sells EGP 20.5bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced on Thursday that the returns on 182-day and 357-day bills have reached EGP 20.53 billion. The average return on 182-day treasury bills registered 16.99%, with a total turnover of EGP …
Central Banks
The CBE
22 August 08:22 PM CBE slashes interest rates by 1.5%
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. The Overnight deposit rate and the overnight lending rate were lowered by 150 basis …
Banking and Finance
The interbank market is a trading network for currency transactions
22 August 02:28 PM Interbank transactions hit $7.5bn end-July – CBE official
By: Heba El-Kordy Cairo – Mubahser: Interbank transactions increased to $7.5 billion at the end of July, the Central Bank of Egypt's (CBE) board member Fakhry Elfiky said. The rise in interbank transactions was ascribed to the termination of the …
Banking and Finance
The bank’s foreign assets valued at AED 369.3 billion in July
22 August 12:12 PM UAE C. bank’s foreign assets up 11% in July
By: Enas Bahgat UAE – Mubasher: Total foreign assets of the Central Bank of the UAE (CBUAE) rose by 11.1% year-on-year or AED 37 billion in at the end of July, a survey conducted by Mubasher showed. The bank’s foreign assets valued at AED 369.3 …
Central Banks
State-run banks are the largest holders of debt instruments
22 August 11:23 AM CBE issues EGP 19bn T-bills on 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, which amounts to EGP 9.5 billion will be offered …
Central Banks
Reserves of Egyptian banks' abroad hiked to $19 billion in July
21 August 03:47 PM Egyptian banks’ reserves abroad rise on investments in debt instruments
By: Heba El-Kordy Cairo – Mubasher: The rise in reserves and asserts of Egyptian banks abroad in July has been ascribed to several reasons mainly the funding obtained from the interbank market especially after the termination of the foreign …
Macroeconomics
IIF further expected Egypt’s economic growth to stabilise at 5%
21 August 11:59 AM IIF: Egypt’s interest rate likely to drop; economic growth to stabilise at 5%
Cairo- Mubasher: The Central Bank of Egypt (CBK) may cut interest rates during its coming meeting, the Institute of International Finance (IIF) predicted. In its recent report, the IIF has ascribed its predictions to the decline in the headline …
The average yield on T-bills reached 1.49%
20 August 11:10 AM CBE sells EUR 610m T-bills
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced the sale of euro-denominated treasury bills (T-bills) worth EUR 610 million. The average yield on the 364-day T-bills offered on Monday reached 1.49%, the CBE said via its official …
Treasury Bills
The issuance will be used to finance the country's budget deficit
19 August 05:59 PM CBE sells EGP 2.5bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) on Monday announced the sale of treasury bonds (T-bonds) worth EGP 2.5 billion on behalf of the Ministry of Finance (MoF). The sale included three-year T-bonds valued at EGP 1.25 billion at an …
Banking and Finance
Egypt's debt instruments are considered attractive to foreign investors
19 August 04:14 PM Foreign holdings of Egypt’s debt instruments hit $20.1bn in July
By: Islam Fadl Cairo – Mubahser: Foreign holdings of Egyptian debt instruments stood at $20.1 billion at the end of July, board member of the Central Bank of Egypt (CBE) Fakhry El Fekki said. From January to the end of July, foreign holdings of …
Banking and Finance
Egypt's debt instruments are considered attractive to foreign investors
19 August 12:58 PM CBE issues EGP 2.5bn T-bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt will issue treasury bonds (T-bonds) worth EGP 2.5 billion on behalf of the Ministry of Finance (MoF). The first tranche of the T-bonds, worth EGP 1.25 billion, will be offered through three-year notes, …
Central Banks
Egypt's debt to GDP ratio fell to 90.5% in June
19 August 12:01 PM CBE sells EGP 15.4bn T-bills
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced the sale of treasury bills (T-bills) worth EGP 15.46 billion on behalf of the Ministry of Finance (MoF). The CBE sold 91-day T-bills worth EGP 5.96 billion with a yield ranging between …
Macroeconomics
The decisions will be implemented as of 18 August 2019
18 August 04:13 PM Kuwait C.bank nods to raising NBK’s stake in Boubyan Bank
Mubasher: The governor of Kuwait’s central bank Mohammed Al Hashel approved for the National Bank of Kuwait (NBK) to reduce its stake in NBK-France’s capital to 80.32% from 85%. In addition, Al Hashel approved raising the NBK’s stake in Boubyan …
Central Banks
Falling inflation has bolstered expectations of an interest rate cut
18 August 04:07 PM CBE likely to cut interest rate by 2-3% by end 2019
Cairo – Mubasher: The Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) is expected to slash interest rates by 1% in its next meeting on 22 August, head of research sector at Pharos Holding for Financial Investments, Radwa El-Swaify, …
Macroeconomics
The issuance will be used to finance the budget deficit
18 August 10:44 AM CBE issues EGP 18.75bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) valued at EGP 18.75 billion on Sunday on behalf of the Ministry of Finance (MoF). The first tranche of the T-bills, worth EGP 9.25 billion, will be offered …
Treasury Bills
The CBE headquarters
15 August 09:55 PM CBE sells EGP 17.2bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) stated on Thursday that the returns on 182-day and 364-day bills have reached EGP 17.215 billion. The average return on 182-day treasury bills registered 17.7%, with a total turnover of EGP 7.022 …
Banking and Finance
Net foreign investments in government debt instruments recorded $19.2 billion
15 August 11:05 AM CBE to issue EGP 19bn T-bills Thursday
Cairo- Mubasher: The Central Bank of Egypt (CBE) will issue EGP 19 billion worth of treasury bills (T-bills) on Thursday in collaboration with the Ministry of Finance (MoF) to finance the country’s budget deficit. The first tranche of the T-bills …
Banking and Finance
The MPC is set to hold a meeting on 22 August
8 August 04:44 PM Egyptian C. Bank may cut interest rates by 500 bps by 2020-end
Cairo – Mubasher: London-based Capital Economics expected that the Central Bank of Egypt (CBE) will maintain the qualitative easing policy in his next meeting in August. The CBE’s Monetary Policy Committee (MPC) is expected to reduce interest …
Central Banks
The CPI recorded 0.1% last month
8 August 03:10 PM Egypt's annual core inflation drops to 5.9% in July – CBE
Cairo – Mubasher: Egypt’s annual core inflation fell to 5.9% in July, compared to 6.4% last June, according to data released by the Central Bank of Egypt (CBE) on Thursday. The consumer price index (CPI) recorded 0.1% last month, compared to 0.3% …
Banking and Finance
Foreign investments in government debt instruments exceeded $17 billion end-June
8 August 10:50 AM Egypt’s CBE to issue EGP 18.75bn T-bills on Thursday
Cairo- Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills worth EGP 18.75 billion on Thursday in collaboration with the Ministry of Finance (MoF), in a way to finance the budget deficit. The first tranche of the T-bills will be …
Central Banks
Egypt’s debt instruments are considered attractive to foreign investors
8 August 10:49 AM CBE issues EGP 1bn T-bonds on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue ten-year treasury bonds (T-bonds) worth EGP 1 billion on Thursday on behalf of the Ministry of Finance (MoF). In addition, the CBE also issued on Wednesday five-year T-bonds valued at …
Bonds
Egypt’s foreign reserves rose by $565 million in July
7 August 11:40 AM Egypt’s gold reserves rise $238m in July
Cairo – Mubasher: Egypt’s gold reserves increased by $238 million, or 8.4%, month-on-month in July, according to data released by the Central Bank of Egypt (CBE) on Wednesday. Reserves of the precious metal reached $3.059 billion in the seventh …
Macroeconomics
The CBE
6 August 10:12 PM Egypt’s int’l reserves go up by $565m in July
Cairo – Mubasher: Egypt’s international reserves increased by $565 million month-on-month in July 2019, according to a statement released on Tuesday by the Central Bank of Egypt (CBE). The North African country’s foreign reserves rose to $44.916 …
Central Banks
This issue was oversubscribed 10.93 times
6 August 01:23 PM Kuwait C.bank sells KWD 240m bonds; oversubscribed 11 times
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq worth KWD 240 million ($790.36 million), with a 3% rate of return, on Tuesday. This issue was oversubscribed 10.93 times, as the overall subscription demand …
Macroeconomics
Banks will resume work on 14 August
6 August 01:21 PM CBE announces Eid Al Adha holiday
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced that banks will be closed for three days on the occasion of Eid Al Adha holiday. The holiday will be from Sunday, 11 August, to Tuesday, 13 August, the CBE added. Banks will resume work …
Event