Local Economy

Cairo – Mubasher: Mohamed Gibran, Egypt's Minister of Labor, stated that next Sunday, 15 September 2024, an official holiday to celebrate Prophet Muhammad's birthday (Mawlid El-Nabawi) The holiday will be paid for all employees at ministries, …

Riyadh – Mubasher: PayTabs Group plans to exceed SAR 200 billion in payment processing volumes by 2025, according to a statement in line with the 24 Fintech event that was held in Saudi Arabia for three days last week. The set target aligns with …

Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned floating-rate treasury bonds (T-bonds) worth EGP 5 billion through one issue on Monday, 9 September 2024. The CBE also unveiled floating-rate T-bonds at a value of EGP 2 billion through …

Cairo – Mubasher: The net international reserves of Egypt amounted to $46.59 billion at the end of August 2024, according to the Central Bank of Egypt (CBE) data. In the 5 September meeting,  the Monetary Policy Committee (MPC) decided to maintain …

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) worth EGP 60 billion through two tranches on Sunday, 8 September 2024 The first tranche stood at EGP 40 billion and will mature in 91 days on 10 December this year, …

Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total  value of EGP 55 billion through two tranches on Thursday, 5 September 2024 The first issue was valued at EGP 30 billion and will mature in 182 days on …

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 65 billion through two auctions on Thursday, 29 August 2024. The first tranche was valued at EGP 35 billion and will mature in 182 days …

Cairo – Mubasher: The Egyptian Exchange (EGX) showed a positive performance on Wednesday, with the EGX30 main index up by 1.14% to 30,709.59 points. Both the small- and mid-cap EGX70 EWI and EGX100 EWI indices closed the session higher by 0.80% at …

Cairo – Mubasher: MENA's leading fintech powerhouse Valu has finalised its 11th securitised bond issuance worth EGP 1.09 billion, according to a press release. The issuance marks the first under the newly approved securitisation programme valued …

Cairo – Mubasher: The Central Bank of Egypt (CBE) announced floating-rate treasury bonds (T-bonds) at a value of EGP 2 billion through one issue on Monday, 26 August 2024. Furthermore, the CBE auctioned zero-coupon T-bonds worth EGP 5 billion …

Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a total value of EGP 60 billion through two offerings on Sunday, 25 August 2024. The first auction stood at EGP 40 billion and will mature in 91 days on 26 …

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 55 billion through two auctions on Thursday, 22 August 2024. Holding a tenor of 182 days until 25 February 2025, the first issue was …

UAE – Mubasher: The Abu Dhabi Chamber of Commerce and Industry highlighted a 23.80% year-on-year (YoY) rise in the number of certificates of origin issued in the January- May 2024 period.  In cooperation with Etihad Credit Insurance (ECI), the Abu …

Cairo – Mubasher: The Central Bank of Egypt (CBE) unveiled treasury bonds (T-bonds) at a combined value of EGP 6 billion through two auctions on Monday, 19 August 2024. The first tranche stood at EGP 1 billion, holding a tenor of two years until …

Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) worth EGP 60 billion through two tranches on Sunday, 18 August 2024. The first tranche stood at EGP 35 billion and will mature in 91 days on 19 November this …

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 65 billion through two issues on Thursday, 15 August 2024. With a tenor of 182 days until 18 February 2025, the first auction amounted to …

Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bonds (T-bonds) at a value of EGP 5 billion through one issue on Monday, 12 August 2024. The auction holds a maturity period of three years until 13 August 2027, according to …

Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) at a total value of EGP 60 billion through two issues on Sunday, 11 August 2024. The first auction stood at EGP 40 billion, holding a tenor of 91 days until 12 …

Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a combined value of EGP 55 billion through two offerings on Thursday, 8 August 2024. The first tranche was valued at EGP 30 billion and will mature in 182 days on …

Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bonds (T-bonds) worth EGP 6 billion through two issues on Monday, 5 August 2024, according to official data. The first tranche was valued at EGP 1 billion and will mature in two …

Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) at an aggregated value of EGP 60 billion through two issues on Sunday, 4 August 2024. Holding a tenor of 91 days until 5 November this year, the first tranche was …

Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) worth EGP 65 billion through two auctions on Thursday, 1 August 2024. The first issue was valued at EGP 35 billion and will mature in 182 days on 4 February 2025, …

Mubasher: Global demand for gold rose by 4% year-on-year (YoY) to 1,258 tonnes in the second quarter (Q2) of 2024, according to a report by the World Gold Council (WGC). The growth in demand was driven by a 53% YoY surge in over-the-counter (OTC) …