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Mauritius 364-day T-bill yield slips to 4.43pc        PORT LOUIS: Mauritius sold 300 million rupees ($10.3 million) worth of 364-day Treasury bills at auction on Monday at a weighted yield of 4.43 percent, down from the 4.46 percent at a previous sale on Feb. 27, the central bank said. The bank said it received bids worth 630 million rupees at yields ranging from 5.05 percent to 4.35 percent. Copyright Reuters, 2012 ...

South Africa bonds extend losses, market doubt budget targets        JOHANNESBURG: South African government bonds extended losses on Thursday as the market doubted that Finance Minister Pravin Gordhan's narrower budget deficit forecasts were achievable. The rand was slightly firmer but has been trapped in ranges, lacking momentum to move outside familiar levels. The National Treasury on Wednesday tabled a narrower than expected budget deficit of 4.6 percent of gross domestic product in the financial year ending March 2013 from a 4.8 percent shortfall in 2011/12. Bonds initially gained ...
JEDDAH: Saudi Arabia's Almarai Co, the Gulf's biggest dairy firm by market value, plans to start a road show this week to issue a riyal denominated sukuk, or Islamic bond, the firm said in a bourse statement on Saturday. "Subject to market conditions, Almarai will hold several meetings this week with interested investors," the firm said in the statement. Almarai has mandated HSBC to act as arranger, the statement added. Last year, Almarai got shareholder approval for an ...
South African rand weaker, bonds trim losses after auction  JOHANNESBURG: South African government bonds and the rand weakened on Tuesday as rising global risk appetite dented demand for riskier emerging market assets, but bonds later recovered some losses after a strong debt auction. The rand was last trading at 7.7550 to the dollar, one percent weaker than Monday's New York close of 7.6785. It hit a session low of 7.7617. "There's some good demand for dollars towards 7.70 with daily resistance in the 7.75/78 area," said ...
Bunds rally after Moody LONDON: German government bonds rose at Tuesday's open after rating agency Moody's cut Italy and Spain among others and warned it may do the same to France, the UK and Austria The move curtailed a modest rally in risk assets seen after Greece's parliament approved reforms needed to qualify for a bailout and avoid an unruly default and may weigh on the euro zone's lower-rated bonds. Moody's late on Monday cut by one notch the ratings of ...
Telecom giant Zain 2011 profit slides 73pc KUWAIT CITY: Kuwaiti telecom giant Zain net profit dived 73 percent last year mainly because the 2010 profit included a huge capital gain from the sale of its African assets, a statement said Tuesday. Zain's net profit in 2011 was 285 million dinars ($1.03 billion) compared to 1.06 billion dinars ($3.82 billion) the previous year, according to a statement posted on the Kuwait Stock Exchange website. The 2010 net profit however included 770 million dinars ($2.78 billion) ...
Yield rises at Egypt 266-day T-bill auction CAIRO: The yield on Egyptian treasury bills rose at an auction on Sunday, and the central bank sold the entire 3.5 billion Egyptian pounds ($549.5 million) worth it had asked for, the Finance Ministry said. The average yield on the 266-day treasury bills rose to 15.923 percent from 15.802 percent at the last issue on January 24. The central bank sells the bills on behalf of the Finance Ministry. Copyright Reuters, 2012a ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln