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20 June 09:54 AM

Central Banks

FOMC decided to maintain interest rates in the range of 2.25% to 2.5%
15 minutes ago UAE C.bank maintains interest rate
UAE – Mubasher: The Central Bank of the UAE (CBUAE) decided to keep the current interest rate, following the US Federal Reserve’s decision of maintaining interest rate. On Wednesday, the US Federal Reserve Open Market Committee (FOMC) has decided …
Central Banks
Foreigners held $5bn of Egypt's debt instruments in 5M
19 June 09:04 PM Foreign holdings of Egypt’s debt instruments equal $17bn in May
By: Islam Fadl Cairo – Mubasher: Foreign holdings of Egyptian debt instruments reached $5 billion from January to the end of May, board member of the Central Bank of Egypt (CBE) Fakhry El Fekki told Mubasher. At the end of May, total foreign …
Banking and Finance
The new portal aims to engage all entities in financial technology industry
19 June 11:11 AM CBE launches first e-portal to support digital transformation
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced the launch of the country’s first e-portal in financial technology, aiming to advance efforts towards a cashless society, according to a recent statement. FinTech Egypt portal is one of …
Central Banks
The country also considers S. Korea's Won
19 June 12:13 AM Egypt plans to issue Yuan, Yen-denominated bonds
Cairo – Mubasher: Egypt is reportedly planning to launch international bonds in either the Chinese, Japanese, or South Korean currency. The currency of the planned bonds will be determined according to a group of factors including investor demand …
Macroeconomics
Meeza cards work with all ATMs in Egypt
18 June 10:15 PM CBE issues 500,000 Meeza cards in 6M
Cairo – Mubasher: The Central Bank of Egypt (CBE) has issued 500,000 Meeza prepaid cards since December, Sub-governor for payment systems and business technology, Ayman Hussein, said. Meeza cards work with all point-of-sales (POS) and ATMs in …
Banking and Finance
The bonds issue was covered 8.84 time
18 June 03:08 PM Kuwait C.bank KWD 290m bonds issue oversubscribed 8.84 times
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq valued at KWD 290 million ($956.36 million), with an interest rate of 3% on Tuesday. The bonds issue was covered 8.84 times, with a total subscription value of KWD …
Banking and Finance
External debt reached EGP 96.6 billion in December 2018
17 June 04:07 PM Egypt’s banking sector nets $200bn cash inflows since currency float
Cairo – Mubasher: The Egyptian banking sector has received cash inflows of about $200 billion since the Central Bank of Egypt (CBE) has decided to free float the Egyptian pound in November 2016, Middle East News Agency (MENA) reported, citing …
Macroeconomics
Banque Du Caire’s profits surged to EGP 1.218 billion in Q1-19
17 June 03:42 PM Banque Du Caire to float 30-40% stake on EGX by end-2019
Cairo – Mubasher: Banque Du Caire is set to float a stake of between 30% and 40% of its shares on the Egyptian Exchange (EGX) by the end of 2019, Middle East News Agency (MENA) reported, citing the Central Bank of Egypt’s (CBE) governor as saying. …
Banking and Finance
The National Payments Council launched e-payment card Meeza
17 June 03:30 PM FinTech services contribute 1.6% to GDP – CBE Governor
Cairo – Mubasher: Financial technology services play a major role in shifting to the digital economy, governor of the Central Bank of Egypt (CBE), Tarek Amer, said. Such services contributed 1.6% to gross domestic product (GDP), Amer added during …
Macroeconomics
Total cash deposits at the central bank stood at AED 84.75 billion in 5M
17 June 09:16 AM UAE interbank fund transfers hit AED 3trn in 5M
UAE – Mubasher: Total transfers implemented at the national banks through the UAE funds transfer system (UAEFTS) increased by 7.6% year-on-year to AED 3.04 trillion during the first five months of 2019, compared to AED 2.82 trillion, data by the …
Macroeconomics
Egypt aims to issue EGP 409.6 billion T-bills in FY18/19
16 June 11:26 AM CBE issues EGP 17.5bn in T-bills Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 17.5 billion on Sunday on behalf of the Ministry of Finance (MoF). The first tranche of the T-bills will be offered through 91-day notes at EGP 8.75 …
Central Banks
Egypt aims to issue EGP 409.6 billion T-bills in FY18/19
13 June 10:47 AM CBE issues EGP 18.5bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 18.5 billion on Thursday on behalf of the Ministry of Finance (MoF). The first tranche of the T-bills will be offered through 182-day notes at EGP 9 …
Macroeconomics
Council of Arab Economic Unity will take part in organising the event
12 June 03:27 PM Egypt to host Seamless North Africa 2019 for 2nd straight year
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced hosting Seamless North Africa exhibition between 17 and 18 June for the second consecutive year, according to a statement on Wednesday. The major event is organised in partnership with …
Central Banks
The CBE has supported Egypt’s economic reform programme since 2016
12 June 02:57 PM CBE governor wins African Banker Award
Cairo – Mubahser: Tarek Amer, governor of the Central Bank of Egypt (CBE), has received the African Banker Award as the best central bank governor in Africa this year. Amer received the award on the sidelines of his participation in the annual …
Central Banks
Monthly core inflation registered 1.24% in May
10 June 04:45 PM Egypt’s annual core inflation falls to 7.8% in May
Cairo – Mubasher: Egypt’s annual core inflation slid to 7.83% in May from 11.086% in the same month a year earlier, data by the Central Bank of Egypt (CBE) showed on Monday. The country’s monthly core inflation registered 1.24% in the fifth month …
Macroeconomics
The issue has 91-days maturity period, which will begin on 12 June
10 June 04:17 PM Bahrain C.bank sells BHD 70m T-bills
Mubasher: The Central Bank of Bahrain (CBB) announced that the BHD 70 million issue of the government treasury bills (T-bills) this week has been oversubscribed by 153%. The issue has 91-days maturity period, which will begin on 12 June and end on …
Macroeconomics
The issue has a six-month maturity period
10 June 03:42 PM Kuwait C.bank issues KWD 280m bonds
Mubasher: The Central Bank of Kuwait (CBK) has issued bonds and related tawarruq worth KWD 280 million ($924.3 million), with a 3.125% yield. The issue has a six-month maturity period, according to the CBK’s statement. It is noteworthy that bonds …
Central Banks
The GDP in the UAE is likely to grow by 4.6% or AED 70 billion in 2020
9 June 04:11 PM UAE’s GDP likely to grow by 4.6% in 2020 – C.bank
UAE – Mubasher: The gross domestic product (GDP) in the UAE is likely to grow by 4.6% or AED 70 billion in 2020 to AED 1.59 trillion from AED 1.52 trillion in 2019, according to a report by the Central Bank of the UAE (CBUAE). The nation’s non-oil …
Central Banks
Total value of real estate transactions in Dubai amounted to AED 95.2 billion in 5M
9 June 11:25 AM Dubai’s real estate finances surpass AED 95bn in 5M
UAE – Mubasher: The total value of real estate transactions in Dubai, including purchasing and financing completed and under-construction commercial and residential properties, amounted to AED 95.2 billion in the first five months of 2019, rising …
Macroeconomics
The issuance will be used to finance the budget deficit
9 June 09:53 AM CBE issues EGP 17bn in T-bills Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will issue treasury bills (T-bills) worth EGP 17 billion on Sunday, on behalf of the Ministry of Finance (MOF). The issuance will be used to finance the budget deficit, according to the CBE’s …
Central Banks
Remittances accounted for 11.1% of the UAE's GDP of AED169bn in 2018
4 June 12:45 PM Expats’ remittances in UAE hit AED 1.5trn in 10 yrs
UAE – Mubasher: Remittances from expats in the UAE to 200 countries stood at around AED 1.5 trillion during the period between 2009 and 2018, increasing by 4% or AED 150 billion a year, data by the Central Bank of the UAE (CBUAE) showed. …
Banking and Finance
Government deposits levelled down 3.16% to KWD 6.42 billion in April
4 June 12:41 PM Kuwait residents’ deposits hike 1.33% in April – C.bank
Mubasher: Total bank deposits held by people residing in Kuwait rose 1.33% to KWD 43.34 billion ($142.86 billion) in April from KWD 42.77 billion ($140.98 billion) in the same month a year earlier, according to data released by the Central Bank of …
Macroeconomics
Risk premium contracted by 42.5% to 118.2 bp as of end-2018
4 June 11:16 AM Dubai’s credit-risk premium drops 42.5% in 4 yrs - C.bank
UAE – Mubasher: Credit-risk premium in the emirate of Dubai has fallen during the past four years, the Central Bank of the UAE (CBUAE) announced. This decline comes as a result of investor confidence in the GCC emirate, Al Bayan newspaper …
Real estate
The CBK’s total assets grew 9.62% to KWD 11.28 billion in April
4 June 10:48 AM Kuwaiti banks' foreign assets grow 7% in April – C.bank
Mubasher: Foreign net assets of Kuwait’s banking sector increased by 6.94% year-on-year to KWD 18.49 billion ($60.90 billion) in April, from KWD 17.29 billion ($56.95 billion), according to the Central Bank of Kuwait’s (CBK) recent data. On a …
Macroeconomics
The state’s international reserves increased by around $106 million month-on-month in April
4 June 10:23 AM Egypt’s foreign reserves hit $44.3bn in May
Cairo – Mubasher: Egypt's foreign reserves jumped by $57 million in May on a monthly basis, data by the Central Bank of Egypt (CBE) showed. Foreign reserves stood at $44.275 billion at the end of May, versus $44.218 billion in April, according to …
Macroeconomics