CAIRO: The average yield on 182-day Egyptian treasury bills inched up at an auction on Thursday and the central bank sold less bills than it was offering, the Ministry of Finance said
The average yield was 14.824 percent, up from 14.791 percent (...)
CAIRO: Egypt's Ministry of Finance will offer LE 2.5 billion ($414.1 million) in reopened bonds at an auction on April 23, the central bank said on Tuesday.
It will offer LE 1.5 billion in reopened five-year bonds maturing on April 10, 2017 with (...)
CAIRO: Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 951 tons of cotton in the week that ended on April 14, an Alcotexa official said on Tuesday.
The sales comprised 569 tons of Giza 88 grade cotton and 382 tons of (...)
CAIRO: The average yield on 182-day Egyptian treasury bills inched up at an auction on Thursday and the central bank sold all the bills it was offering, the Ministry of Finance said.
The average yield was 14.856 percent, up from 14.829 percent at (...)
CAIRO: Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 275 tons of cotton in the week that ended on March 31, an Alcotexa official said on Monday.
The sales comprised 225 tons of Giza 88 grade cotton and 50 tons of (...)
CAIRO: Egypt's Ministry of Finance will offer LE 3.5 billion ($579.6 million) in bonds at an auction on April 9, the central bank said on Monday.
It will offer LE 2 billion in reopened three-year bonds maturing on April 3, 2015 with a coupon of (...)
CAIRO: Egypt's finance ministry will offer LE 4 billion ($662.66 million) in new bonds at an auction on April 2, the central bank said on Wednesday .
It will offer LE 2 billion in three-year bonds maturing on April 3, 2015, LE 1 billion in (...)
CAIRO: The average yield on Egyptian treasury bills dipped on Thursday at the central bank's first auction since it lowered the reserve requirement on local currency deposits to 12 percent from 14 percent.
The central bank said it sold all the (...)
CAIRO: Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 4,133 tons of cotton in the week that ended on March 10, an Alcotexa official said on Monday.
The sales comprised 75 tons of Giza 87 grade cotton, 366 tons of (...)
CAIRO: Egypt's central bank sold more treasury bills than it originally offered at an auction on Thursday as optimism that the country may be over the worst of an economic crisis pushed yields down from historic highs.
It was the second decline (...)
CAIRO: Egypt's central bank accepted LE 14.434 billion ($2.39 billion) in seven-day repurchase agreements in the money market on Tuesday. It had offered 17 billion pounds.
The repos carry a fixed rate of 9.75 percent.
The central bank (...)
CAIRO: Egypt attracted solid demand at an auction of seven-year treasury bonds on Monday amid optimism that foreign donors will help ease the country's fiscal crisis, traders said.
The army-backed government hopes to secure $3.2 billion of (...)
CAIRO: The number of mobile phone subscriptions in Egypt rose 18 percent to 83.43 million last year, shrugging off an economic crisis sparked by the overthrow of President Hosni Mubarak, government figures showed on Thursday.
In December 2010, (...)
CAIRO: Egypt's central bank sold more 182-day treasury bills than originally offered at an auction on Thursday, but trimmed the amount of 357-day T-bills it sold, the bank said.
It sold LE4.5 billion ($745.50 million) of 182-day T-bills on behalf (...)
CAIRO: The number of mobile phone subscriptions in Egypt grew by 22 percent to 81.7 million users in the year to November, government figures showed on Sunday.
The number of mobile phone subscriptions in October was 80.9 million.
In November (...)
CAIRO: The yield on Egyptian treasury bills rose at an auction on Sunday, and the central bank sold the entire LE 3.5 billion ($549.5 million) worth it had asked for, the Finance Ministry said.
The average yield on the 266-day treasury bills rose (...)
CAIRO: Egypt's central bank sold only half the reopened five-year bonds it offered at an auction on Monday and none of the reopened seven-year bonds, the Finance Ministry said on its website.
The bank had asked for LE 2 billion ($331.5 million) (...)
ADEN: At least 12 Al-Qaeda militants, including one wanted by the United States, were killed in a drone strike in southern Yemen, a tribal leader said in what he called one of the biggest US strikes against the group.
Residents said the (...)
CAIRO: Revenue from Egypt's Suez Canal rose 4.8 percent on a year earlier to $443.7 million in December, but up 1.9 percent from a month earlier, the Egypt Information Portal website showed.
The canal's revenues in December 2010 were $423.4 (...)
CAIRO: Egypt's central bank said it cut back on the amount of 273-day treasury bills sold at an auction on Sunday as their yields increased.
The average yield rose to 15.645 percent from 15.309 percent at the last issue on Jan. 3, and the bank (...)
CAIRO: Egypt's central bank said it would ask for LE 14 billion ($2.32 billion) in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.75 percent.
The central bank introduced the weekly repo agreements in March (...)
CAIRO: Egypt's central bank cancelled three-year and five-year re-opened bond auctions worth LE 5 billion ($829 million), the Finance Ministry said on Monday.
The bank auctions the instruments on behalf of the ministry, which had offered LE 3 (...)
CAIRO: Egypt's Finance Ministry will offer LE 1 billion ($165.81 million) in reopened seven-year bonds at an auction on Jan. 9, the central bank said on Monday.
Yields on Egyptian treasury debt have soared to their highest in years as the (...)
CAIRO: Egypt's central bank accepted LE 22 billion ($3.65 billion) in seven-day repurchase agreements in the money market on Tuesday, the same amount it had offered.
Banks had sought repo agreements worth LE 24.376 billion from the central (...)
CAIRO: Egypt's central bank said it would offer LE 22 billion ($3.65 billion) in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.75 percent.
The central bank introduced the weekly repo agreements in March to (...)