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30 March 03:34 PM Egypt’s policy rates seen in negative double-digit for most of 2023 – Morgan Stanley
Cairo – Mubasher: Egypt’s real policy rates are expected to remain in negative double-digit territory for most of 2023, financial services firm Morgan Stanley said, in line with the anticipated 30 March meeting by the Central Bank of Egypt (CBE). …
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30 March 11:04 AM CBE issues T-bills worth EGP 39.5bn on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at an aggregated value of EGP 39.50 billion through two offerings on Thursday, 30 March. The first tranche stood at EGP 16 billion, carrying a 182-day maturity …
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28 March 05:58 PM ITFC enters USD-agreements for Egyptian women, Palestinian crafts
Riyadh – Mubasher: The International Islamic Trade Finance Corporation (ITFC), on behalf of the Aid for Trade Initiative for Arab States (AfTIAS 2.0) Program, penned two agreements at a total value of $725,000 to endorse Egyptian women and …
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27 March 10:35 AM CBE offers two-type T-bonds worth EGP 2bn on Monday
Cairo - Mubasher: The Central Bank of Egypt (CBE) auctioned zero-coupon treasury bonds (T-bonds) worth EGP 1 billion through one issue on Monday, 27 March. The offering holds a tenor of 546 days until 24 September 2024, according to official data. …
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26 March 04:16 PM Egypt expected to raise policy rates – HC Securities
Cairo – Mubasher: HC Securities & Investment projected that the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will continue to tighten policy rates by around 200 basis points (bps) in its 30 March meeting to tame increasing …
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26 March 12:46 PM Egypt auctions EGP 34bn debt instruments on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) worth EGP 34 billion through two tranches on Sunday, 26 March, according to official data. With a tenor of 91 days until 27 June 2023, the first issue stood at EGP …
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26 March 12:32 PM CBE launches new website to foster user experience
Cairo – Mubahser: The Central Bank of Egypt (CBE) has launched a new website to enhance the visitors’ experience in accordance with the latest technological developments, according to an official statement. Through the new platform, users will be …
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23 March 11:45 AM CBE offers EGP 43.5bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 43.50 billion through two auctions on Thursday, 23 March. The first issue stood at EGP 20 billion and will mature in 182 days on 26 …
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20 March 10:37 AM CBE issues two-type T-bonds worth EGP 4.75bn on Monday
Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bonds (T-bonds) at a total value of EGP 3.25 billion through two auctions on Monday, 20 March. The first tranche was valued at EGP 3 billion and will mature in three years on 6 …
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19 March 01:32 PM Egypt-Turkey trade exchange jumps 14% in 2022 – CAPMAS
Cairo – Mubasher: The value of bilateral trade between Egypt and Turkey rose by 14% year-on-year (YoY) to $7.70 billion in 2022 from $6.70 billion. The Arab Republic’s exports to Turkey hit $4 billion in the January-December 2022 period, an annual …
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19 March 09:30 AM CBE offers EGP 35bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) worth EGP 35 billion through two tranches on Sunday, 19 March. With a tenor of 91 days until 20 June 2023, the first issue was valued at EGP 13.50 billion, …
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16 March 05:48 PM GCC countries to see slower economic growth in 2023 – Report
Mubasher: Economic growth among the GCC countries is forecast to be slower in 2023, following a sharp recovery in 2022, according to a recent report by S&P Global. The report attributed the sluggish economic growth to OPEC-related oil production …
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16 March 09:27 AM CBE issues EGP 43.5bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 43.50 billion through two tranches on Thursday, 16 March. The first issue stood at EGP 20.50 billion and will mature in 182 days on 19 …
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14 March 10:19 AM Aman Securitization completes 1st securitised bonds of EGP 5bn programme
Cairo – Mubasher: Aman Securitization Company, a subsidiary of Aman Holding and the listed Raya Holding Company for Financial Investments, has issued its first securitisation bonds at a value of EGP 403.40 million. This came after Aman …
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13 March 09:25 AM CBE offers three-type T-bonds worth EGP 2.5bn on Monday
Cairo - Mubasher: The Central Bank of Egypt (CBE) issued treasury bonds (T-bonds) worth EGP 500 million through one offering on Monday, 13 March. The tranche holds a tenor of five years until 13 October 2027, according to official data. …
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12 March 10:13 AM CBE announces T-bills worth EGP 34bn on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a total value of EGP 34 billion through two auctions on Sunday, 12 March, according to official data. The first issue was valued at EGP 13 million, holding a …
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9 March 04:43 PM Egypt's inflation rate up 7.1% in February – CAPMAS
Cairo – Mubasher: Egypt's consumer price index (CPI) stood at 161.30 points in February 2023, higher by 7.10% than January’s record, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The Arab Republic’s annual …
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9 March 09:31 AM CBE offers EGP 43.5bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at an aggregated value of EGP 43.50 billion through two issues on Thursday, 9 March. The first tranche stood at EGP 20 billion, carrying a maturity period of 182 …
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8 March 05:18 PM Business travel in MEA hits $23bn in 2022, could return to pre-pandemic levels next year – Report
Mubasher: The business travel spending across the Middle East and Africa (MEA) region is projected to return to pre-pandemic levels by 2024, according to the Business Travel Index Outlook annual forecast and outlook 2022 from the Global Business …
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8 March 11:59 AM Egypt’s non-oil economy in steep downturn; PMI hits 46.9 in February
Cairo – Mubasher: The headline seasonally adjusted Purchasing Managers’ Index (PMI) of Egypt increased to 46.9 in February 2023 from 45.5 last January, according to the latest S&P Global PMI data. The PMI showed that Egypt's non-oil economy …
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6 March 11:33 AM Egypt’s foreign reserves hit $34.35bn in February
Cairo – Mubasher: Egypt’s net international reserves amounted to $34.35 billion at the end of February 2023, an annual drop from $40.99 billion. On a monthly basis, the value registered in February was higher than $34.22 billion at the end of …
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6 March 09:36 AM CBE issues two-type T-bonds worth EGP 4.5bn on Monday
Cairo - Mubasher: The Central Bank of Egypt (CBE) offered treasury bonds (T-bonds) at a value of EGP 3 billion through one auction on Monday, 6 March. The tranche will mature in three years on 6 April 2026, according to official data. Furthermore, …
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5 March 10:22 AM CBE auctions EGP 35bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a total value of EGP 35 billion through two auctions on Sunday, 5 March, according to official data. The first issue stood at EGP 13.50 billion, holding a tenor …
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2 March 10:22 AM CBE offers T-bills worth SAR 43.5bn on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at an aggregated value of EGP 43.50 billion through two issues on Thursday, 2 March. The first tranche stood at EGP 20.50 billion and will mature in 182 days on 5 …
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27 February 11:10 AM CBE offers two-type T-bonds worth EGP 2bn on Monday
Cairo - Mubasher: The Central Bank of Egypt (CBE) issued zero-coupon treasury bonds (T-bonds) at a value of EGP 1 billion through one auction on Monday, 27 February. The tranche will mature in 1.5 years on 27 August 2024, according to official …