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Central Banks

The guidance was effective from 8 July 2021
26 July 03:55 PM CBUAE issues new guidance on implementation of targeted financial sanctions
UAE - Mubasher: The Central Bank of the UAE (CBUAE) has issued new guidance for its licensed financial institutions (LFIs) regarding the implementation of targeted financial sanctions (TFS) to combat money laundering and financing of terrorism. …
The debt instruments carry a three-month maturity
26 July 02:38 PM CBK offers debt instruments worth SAR 200m
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related Tawarruq at a total value of KWD 200 million, according to a press release on Monday. The debt instruments carry a three-month maturity, with a 1.125% rate of return. Last …
State-run banks are the top purchasers of government debt instruments
26 July 10:40 AM CBE offers EGP 19.5bn T-bills, bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills and bonds worth EGP 19.5 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 6.5 …
The issuance will be used to finance the country’s budget deficit
25 July 10:22 AM CBE offers EGP 22bn T-bills, bonds on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills and bonds worth EGP 22 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 5.5 …
The total banks' reserves jumped by 10.8% in May 2021
21 July 12:42 PM UAE banks' assets hit AED 3.18trn in May 2021
UAE - Mubasher: The total value of the UAE banks' assets went up 0.5% to AED 3.18 trillion in May 2021, compared to AED 3.165 trillion in May 2020, according to the latest data by the Central Bank of the UAE (CBUAE). On a monthly basis, the UAE …
The foreign assets rose by 30.5% to SAR 78.5 billion
20 July 10:29 AM Saudi investment funds record 11% higher assets in Q1-21
Riyadh – Mubasher: The total value of assets held by Saudi Arabia's investment funds jumped by 11% to SAR 232.8 billion during the first quarter (Q1) of 2021, compared to the earlier quarter. The rise in the value of investment funds' assets is …
Central Bank of Egypt
14 July 02:30 PM CBE announces Eid El-Adha holiday
Cairo - Mubasher: The Central Bank of Egypt (CBE) announced that Eid El-Adha holiday will begin on Monday, 19 July.  Banks will be closed until Thursday, 22 July, and will resume their work on Sunday, 25 July, the CBE said in a statement on …
Banks and mortgage finance companies will offer loans at a declining interest of 3%
13 July 12:21 PM CBE launches EGP 100bn mortgage initiative for low, middle income people
Cairo - Mubasher: The Central Bank of Egypt (CBE) has launched a mortgage finance initiative, allocating EGP 100 billion for financing housing units for low- and middle-income earners.   Under the initiative, banks and mortgage finance companies …
The total bank deposits inched down by 0.1%
13 July 11:33 AM UAE banking system's assets hit AED 3.182trn in May
UAE - Mubasher: The total value of the UAE banking system's assets went up by 0.4% to AED 3.182 trillion in May 2021, compared to AED 3.169 trillion in April, the Emirates News Agency (WAM) reported. The UAE banks' gross credit declined by 0.7% to …
The central bank seeks to develop a strong and secure cloud infrastructure
12 July 01:54 PM CBUAE plans to introduce digital currency as part of 2023-2026 strategy
UAE - Mubasher: The Central Bank of the UAE (CBUAE) is planning to issue a digital currency as part of its 2023-2026 strategy, the Emirates News Agency (WAM) reported. The 2023-2026 strategy aims to position the CBUAE among the world's best ten …
The issuance will be used to finance the country’s budget deficit
12 July 10:30 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 9.5 …
The amount will be reduced from the total accumulated losses of SAR 137,015
11 July 03:50 PM United Cooperative obtains SAMA’s nod to reduce accumulated losses
Riyadh – Mubasher: United Cooperative Assurance Company has received the Saudi Central Bank’s (SAMA) approval to offset part of its accumulated losses by SAR 31,944 from the statutory reserve. This amount will be reduced from the total accumulated …
The issuance will be used to finance the country’s budget deficit
11 July 10:25 AM CBE offers EGP 11bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 11 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 6.5 …
Central Bank of Egypt
8 July 02:11 PM Remittances of Egyptian expats rise to $25.8bn in 10 months
Cairo - Mubasher: The value of remittances of Egyptians living abroad increased by 34% year-on-year (YoY) to $2.5 billion in April, compared to $1.8 billion, according to data by the Central Bank of Egypt (CBE) on Thursday.  During the first 10 …
The licence renewal is for three years starting 2021
8 July 10:28 AM United Cooperative receives SAMA’s nod for licence renewal
Riyadh – Mubasher: United Cooperative Assurance Company obtained the Saudi Central Bank’s (SAMA) approval to renew its business licence for a three-year term. The company will be able to practice general and health insurance and reinsurance …
The issuance will be used to finance the country’s budget deficit
8 July 10:19 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 5.5 …
Central Bank of Egypt
7 July 03:26 PM Egypt's banks allowed to provide commercial registration, documentation services
Cairo - Mubasher: The Central Bank of Egypt (CBE) approved the general framework for the provision of commercial registration and documentation services through banks.  Local banks will be allowed to offer documentation services for their …
Central Bank of Egypt
7 July 10:46 AM Egypt's net international reserves rise to $40.58bn at June-end
Cairo - Mubasher: Egypt's net international reserves increased by $116 million during June, according to data released by the Central Bank of Egypt (CBE) on Tuesday.  The country's net international reserves amounted to $40.58 billion at the end …
State-run banks are the top purchasers of government debt instruments
5 July 10:42 AM CBE offers EGP 14bn T-bills, bonds on Monday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills and bonds worth EGP 14 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 …
The issuance will be used to finance the country’s budget deficit
4 July 12:04 PM CBE offers EGP 21bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 21 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 6 …
The current account deficit widened to $13.3 billion
30 June 10:42 AM Egypt's BoP records $1.8bn surplus in nine months - CBE
Cairo - Mubasher: Egypt's balance of payments (BoP) registered a surplus of $1.8 billion during the first nine months of the fiscal year (FY) 2020/2021, the Middle East News Agency (MENA) reported, citing a report by the Central Bank of Egypt. …
Central Bank of Egypt
28 June 04:56 PM CBE announces 30 June Revolution holiday
Cairo - Mubasher: The Central Bank of Egypt (CBE) announced the banks will be closed on Thursday, 1 July, to commemorate the 30 June Revolution. Banks will be reopened on Sunday, 4 July, the CBE said in a statement on Monday.  Earlier, Prime …
The travel insurance product does not cover COVID-19 infection risks
28 June 04:10 PM SAMA approves online insurance activity for Gulf Union Alahlia
Riyadh – Mubasher: Gulf Union Alahlia Cooperative Insurance Company has received a nod from the Saudi Central Bank (SAMA) to transfer online insurance activities from Al Ahlia Cooperative Insurance to Gulf Union Alahlia. The no-objection letter …
The issuance will be used to finance the country’s budget deficit
28 June 10:31 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 five-year notes valued at EGP 6.5 …
The bank's current ownership records 3.5%
28 June 09:57 AM Al Salam Bank obtains CBB’s approval to buy treasury shares
Mubasher: Al Salam Bank – Bahrain has received the approval of the Central Bank of Bahrain (CBB) to purchase treasury shares of up to 5% of the bank’s issued shares.  The bank's current ownership records 3.5%, according to the bank's disclosure to …