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Egypt central bank says clears $547.2mn backlog owed to foreign investors CAIRO: Egypt's central bank said on Tuesday it had repaid foreign investors in stocks and securities a total of $546 million, clearing a backlog that had built up amid a dollar shortage. Foreign investors can buy stocks and treasuries in Egypt through a scheme set up to ensure they are able to repatriate their profits and investments in foreign currency. The central bank said in its statement that the mechanism was still active, providing foreign currency liquidity to foreigners investing in government securities and stocks. The mechanism only applies to investors who initially invested through the scheme. It was not clear whether the backlog had built up within the scheme or because investors were operating outside that system. Copyright Reuters, 2015 ...

FBR collects Rs 229 billion revenue in November ISLAMABAD: The Federal Board of Revenue (FBR) has made a net collection of over Rs 229 billion in November as against the net collection of Rs 180 billion made during same month of last year, thus showing an increase of 27 percent.The target for the current month has therefore been achieved, said a statement issued by the FBR here.The statement added that it is expected that the collection would further increase when the final figures ...
Egypt central bank says keeps pound steady at 7.7301 to the dollar CAIRO: Egypt's central bank said it held the pound steady at 7.7301 to the dollar on Tuesday after a foreign exchange auction that caused confusion in the markets.The central bank said in its official announcement it had sold $39.4 million at the auction. Copyright Reuters, 2015 ...
Bank of England plans to make banks hold up to 10bn more capital LONDON: The Bank of England set out plans on Tuesday to require banks to hold as much as 10 billion pounds ($15.1 billion) extra capital as the credit cycle moves into a more normal phase, but stopped short of immediate action.The central bank said credit conditions in Britain had largely recovered from the financial crisis as banks began to lend more freely, and warned that asset prices were vulnerable to a big rise in interest ...
Qatar launches $5.5bn, 5 years loan into syndication DUBAI: The government of Qatar has invited banks to participate in a $5.5 billion sovereign loan, sources aware of the matter said on Tuesday, as it becomes the latest Gulf state to raise funds at a time of stretched state finances due to lower oil prices.The loan is smaller than the up-to-$10 billion which the government was said by sources last month to be seeking. The transaction is being arranged by Bank of Tokyo-Mitsubishi UFJ, ...
Morgan Stanley plans hundreds of layoffs NEW YORK: Morgan Stanley plans to cut hundreds of jobs in its debt and currencies division because of a drop in revenue, the Wall Street Journal reported late Monday.Altogether, a quarter of the staff at this division of the US investment bank could be made redundant, particularly in London and to a lesser degree in New York, the newspaper said, quoting people familiar with the matter.The debt market is declining mainly because of lower interest ...
India's central bank keeps interest rates unchanged MUMBAI: India's central bank kept interest rates on hold Tuesday, citing rising inflation and "weakness" in Asia's third-largest economy despite recent growth.The Reserve Bank of India (RBI) said the benchmark repo rate, the level at which it lends to commercial banks, would remain at 6.75 percent as analysts had expected."Indicators suggest the economy is in the early stages of a recovery, though with some areas of continued weakness," RBI governor Raghuram Rajan said in a ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln