Economy « | Kippreport.com

Egypt Central Bank accepts repos worth 7 billion Egyptian pounds

Egypt's central bank accepted 7 billion Egyptian pounds ($984.9 million) in seven-day repurchase agreements in the money market on Tuesday.

September 12, 2012 9:45

Iran central bank under fire as rial hits new lows

Iran's central bank has for weeks failed to provide U.S. dollars to traders to import essential goods, driving down the value of the country's currency against the dollar, a senior Iranian lawmaker said on Monday.

September 10, 2012 5:52

Egypt expects Qatar deposit within a week

Qatar should deposit $500 million in Egypt's central bank within a week, the Egyptian finance minister said, as the country battles to pull its economy out of a tailspin after 18 months of political turmoil.

August 13, 2012 4:25

Oman may budget surplus widens, inflation at 27-month low

Budget surplus at 1.6 bln rials in Jan-May; Oil output up in May despite strikes; Inflation at 2.2 percent in May vs 3.0 pct in April

July 11, 2012 4:39

Qatar budget surplus triples to $12 billion last fiscal year

Surplus at 44.5 bln riyals in 2011/12, or 7 pct/GDP; Spending jumps 11 pct to a record 158.9 bln riyals; Revenue up 31 pct at 203.4 bln riyals vs pvs fiscal year

July 9, 2012 4:59

Egypt to offer 10 billion Egyptian pounds in maiden 28-day repo sale

Egypt's central bank will offer funds in a new 28-day repurchase agreement, lengthening the maturity of its tenders in a bid to boost a market drained of liquidity by soaring interest rates on treasury bills, bankers said.

July 9, 2012 4:54

EMERGING OMAN:Despite risks Oman 2012 economy outlook positive

Oman's economy seems to have weathered the first quarter's global slowdown quite well and its 2012 outlook remains positive despite external risks, a central bank (CBO) report showed.

July 9, 2012 12:45

Kuwait inflation slows to 25 month low of 2.8 percent

Prices fall 0.1 pct m/m in May; Pressures subdued, food costs drop 1.3 pct m/m

June 27, 2012 6:36

Brent hits 18-month low on modest Federal action, China data

Fed offers modest stimulus to weak U.S. economy; Unexpected jump in U.S. crude stockpiles; China factory sector contracts for 8-month running; China’s export order seen at the weakest since early 2009

June 21, 2012 10:55

Egyptian pound bid at lowest in more than 7 years

Egypt's pound was bid at 6.0507 to the U.S. dollar on Wednesday, its weakest in more than seven years, following a week of political turmoil.

June 20, 2012 5:44

Egypt sells reopened bonds worth 2.5 billion Egyptian pounds

Egypt's central bank sold 2.5 billion Egyptian pounds ($414.24 million) in five and seven-year bonds on Monday, the same amount it had initially sought, the finance ministry said.

June 12, 2012 11:14

Saudi Arabia economic growth slows a bit

Saudi Arabia's gross domestic product, adjusted for inflation, grew 5.94 percent from a year earlier in the first quarter of this year, the government's statistics department said on Wednesday.

June 6, 2012 7:08

UAE business activity at 11-month high in May

Growth in business activity in the United Arab Emirates' non-oil private sector edged up to an 11-month high in May, a purchasing managers' survey showed on Tuesday.

June 5, 2012 11:45

Brent crude rebounds above $99 on dollar, G7 talks

G7 to hold emergency talks on euro debt crisis; Euro debt crisis remains a pressure point for market; Euro edges up further from last week's 2-year low

June 5, 2012 11:37

Egypt bars brokerages from trading foreign stocks

Egypt's markets watchdog has told local financial institutions they can no longer trade foreign securities, saying it exposes investors to risks that Egyptian authorities are unable to monitor.

June 5, 2012 11:25