RIYADH: The Central Bank of Egypt sold three-month treasury bills at an all-time high value, amounting to 61.8 billion Egyptian pounds ($3.2 billion), in an auction.
The central bank data revealed that banks and institutions offered an amount of 170.8 billion Egyptian pounds for the short-term bills in the tender, according to Arabic newspaper Asharq.
The bank issues periodic weekly bids on behalf of the Ministry of Finance in order to finance the country’s general budget deficit.
The announcement has, so far, been met with little enthusiasm in Gaza, though some people…
There are many reasons why it might not work. At the same time, it is…
Dr Xand van Tulleken and Professor Sunita Sar explore why we follow advice we suspect…
What you need to knowIsraeli hostilities and demolitions continued in southern Lebanon, where at least…
After months of marathon talks, Hamas has, for the first time, accepted a framework of…
The US president said Israel would withdraw from Gaza "as disarmament is completed" and called…