Egypt's central bank auctions 40 bln EGP in T-bills to fund budget deficit

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Egypt's central bank auctions 40 bln EGP in T-bills to fund budget deficit

STORY: Egypt's central bank auctions 40 bln EGP in T-bills to fund budget deficit DATELINE: April 10, 2023 LENGTH: 00:00:45 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Egyptian Ministry of Finance 2. various of the Central Bank of Egypt 3. various of Egyptian banknotes STORYLINE: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, auctioned treasury bills (T-bills) worth 40 billion Egyptian pounds (EGP) (about 1.3 billion U.S. dollars) on Sunday, divided into two issues. The first issue amounts to 23 billion EGP, with a 91-day tenor that matures on July 11, while the second issue totals 17 billion EGP, with a 273-day tenor, maturing on January 9, 2024. This auction follows the CBE's previous auction of T-bills on April 4 with a total value of 38 billion EGP, including 91-day, 182-day, 273-day, and 364-day tenors. The accepted bids amounted to 4.97 billion EGP, with an average yield of 22.3 percent. The CBE typically issues T-bills to fund the budget deficit. The cou

  • Product Code
  • ILEA001261061
  • Registered date
  • 2023/4/10 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 43.53(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Egyptian PM visits factory of Chinese phone maker Vivo

    STORY: Egyptian PM visits factory of Chinese phone maker Vivo SHOOTING TIME: May 11, 2024 DATELINE: May 12, 2024 LENGTH: 00:01:22 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of a tour made by Egypt's PM to a Chinese factory in Egypt (courtesy of the Egyptian Cabinet) STORYLINE: Egyptian Prime Minister Mostafa Madbouly inspected a factory of the Chinese phone maker Vivo on Saturday, as part of his tour to a number of industrial facilities in the 10th of Ramadan city. The prime minister said his tour comes within the framework of the state's direction towards expansion in attracting major international manufacturing companies in Egypt, with a high local added value, as well as the government's interest in seeking to enhance communication with foreign investors and manufacturers from international companies. The managing director of Vivo said the local factory achieves a local added value of 42 percent and is working to increase this percentage and also increase the local components. According t

      Türkiye's exports reach over 19 bln USD in April

      STORY: Türkiye's exports reach over 19 bln USD in April SHOOTING TIME: May 3, 2024 DATELINE: May 4, 2024 LENGTH: 0:01:08 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of shipping trade in Türkiye STORYLINE: Türkiye's exports slightly increased by 0.13 percent annually in April, amounting to 19.3 billion U.S. dollars, a cabinet minister said on Friday, citing preliminary data. "It is a limited increase, but this is mainly because factories are closed for the first half of April during the one-week Ramadan holiday," Turkish Trade Minister Omer Bolat said at a press conference. Imports rose by 4.24 percent year-on-year to 29.17 billion dollars in April, he said, adding, "We managed to keep it below the limit of 30 billion dollars." In the January-April period, the country's overseas shipments totaled 82.9 billion dollars, up by 2.7 percent from the prior year, Bolat said. Türkiye's trade balance posted a deficit of 9.9 billion dollars in April, with an annual hike of 13.3 percent, he ad

        Indian gov't says record goods and services tax collected in April

        STORY: Indian gov't says record goods and services tax collected in April SHOOTING TIME: May 1, 2024 DATELINE: May 2, 2024 LENGTH: 00:01:29 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market areas 3. various of containers STORYLINE: India's finance ministry Wednesday said a record 25.16 billion U.S. dollars were collected as gross goods and services tax (GST) in April. "This represents a significant 12.4 percent year-on-year growth, driven by a strong increase in domestic transactions (up 13.4 percent) and imports (up 8.3 percent)," the ministry said in a statement. After accounting for refunds, the net GST revenue for April 2024 stands at 1.92 trillion rupees (23 billion dollars), reflecting an impressive 15.5 percent growth compared to the same period last year, it said. According to the ministry, it is the first time the GST collections breached a landmark milestone of 2 trillion rupees (23.9 billion dollars). Xinhua News Agency correspondents repo

          Türkiye's foreign trade deficit decreases by 12 pct in March

          STORY: Türkiye's foreign trade deficit decreases by 12 pct in March SHOOTING TIME: Earlier footage DATELINE: May 1, 2024 LENGTH: 00:01:22 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of containers at port in Türkiye (courtesy of ihlas news agency) (date:14.04.2024) 2. various of U.S. dollar (date:13.11.2023) 3. various of the trucks carrying goods at a customs gate in Türkiye (courtesy of ihlas news agency) (date:10.04.2024) STORYLINE: Türkiye's foreign trade deficit declined by 12.4 percent in March from a year ago to 7.3 billion U.S. dollars, according to official data announced on Tuesday. In the January-March period, the foreign trade deficit decreased by 41.5 percent from 34.79 billion dollars to 20.34 billion dollars, the figures of the Turkish Statistical Institute showed. The country's exports decreased by 4.1 percent to 22.57 billion dollars in March compared to the same month last year, while imports decreased by 6.3 percent to 29.9 billion dollars. The improvement in the a

            Chinese, Turkish businesspeople seek more collaboration

            STORY: Chinese, Turkish businesspeople seek more collaboration SHOOTING TIME: April 30, 2024 DATELINE: May 1, 2024 LENGTH: 00:00:47 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of the event STORYLINE: Chinese and Turkish business delegates, along with media representatives, on Tuesday gathered in Istanbul, Türkiye's financial and cultural hub, to explore business opportunities and strengthen collaboration. The event, themed "China, an opportunity," took place at the Turkish branch headquarters of the Industrial and Commercial Bank of China (ICBC). Addressing the gathering, Wei Xiaodong, China's consul general in Istanbul, emphasized the commitment of both nations to forge stronger economic bonds and build a community with a shared future for mankind. "Over 1,300 Chinese companies are doing business here in Türkiye, with a total investment exceeding 3 billion U.S. dollars. At the same time, many Turkish companies have successful stories in China," Wei noted. The consul ge

              African leaders call for increased concessional funding from World Bank's IDA

              STORY: African leaders call for increased concessional funding from World Bank's IDA SHOOTING TIME: April 29, 2024 DATELINE: April 30, 2024 LENGTH: 00:05:43 LOCATION: Nairobi CATEGORY: POLITICS SHOTLIST: 1. various of the summit 2. SOUNDBITE 1 (English): WILLIAM RUTO, Kenyan President 3. various of guests 4. SOUNDBITE 2 (English): NANA ADDO DANKWA AKUFO-ADDO, Ghanaian President 5. SOUNDBITE 3 (English): SAMIA SULUHU, Tanzanian President 6. various of the summit STORYLINE: African leaders on Monday began a two-day summit in Nairobi, the Kenyan capital, by calling for increased concessional funding from the World Bank's International Development Association (IDA). The leaders called for a tripling of the financing capacity of the IDA, which supports low-income countries with grants and long-term low-interest loans for development, to 279 billion U.S. dollars by 2030. "Our proposal and request entail a vision for Africa-driven socio-economic development, executed with transparency and inclusiveness, and our

                Egyptian PM commends IMF loans

                STORY: Egyptian PM commends IMF loans SHOOTING TIME: April 28, 2024 DATELINE: April 29, 2024 LENGTH: 00:00:35 LOCATION: Riyadh CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian Prime Minister Mostafa Madbouly attending a special meeting of the World Economic Forum in Riyadh (Courtesy of the Egyptian Cabinet) STORYLINE: During a meeting with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva in the Saudi capital of Riyadh on Sunday, Egyptian Prime Minister Mostafa Madbouly expressed gratitude for the collaboration between the Egyptian government and the IMF. The two leaders were in Riyadh to attend a special meeting of the World Economic Forum (WEF). Madbouly emphasized that the IMF's approval to increase the value of the financing program provided to Egypt reflects the high level of confidence the international financial institution has in the Egyptian economy. Egypt has met seven commitments out of 15 pledges under its ongoing eight-billion-dollar Extended Fund Facility (EFF)

                  Bank of Japan keeps interest rate unchanged, yen sinks below 156

                  STORY: Bank of Japan keeps interest rate unchanged, yen sinks below 156 SHOOTING TIME: file DATELINE: April 27, 2024 LENGTH: 00:01:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of city view in Tokyo 3. various of fresh food in supermarkets 4. various of city view in Tokyo STORYLINE: The Japanese central bank on Friday maintained its policy rate unchanged after wrapping up its two-day policy meeting, which sent the Japanese yen to its fresh 34-year low past the 156 line. The Bank of Japan (BOJ) decided to guide short-term interest rates in a range of zero and 0.1 percent, a month after it ended the negative interest rate policy in its first rate hike in 17 years. The announcement weakened the country's currency against the U.S. dollar to the lowest level since May 1990, raising the risk of forex intervention by Japanese authorities. The BOJ, which also maintained its policy regarding government bond buying, said the country's core inflation, which excludes volatile

                    Global tourism revenue to total 5.8 tln USD in 2024: report

                    STORY: Global tourism revenue to total 5.8 tln USD in 2024: report SHOOTING TIME: April 23, 2024 DATELINE: April 24, 2024 LENGTH: 00:02:30 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of the conference 2. various of cultural performances STORYLINE: Global tourism revenue is estimated to total 5.8 trillion U.S. dollars in 2024, marking an increase of 139.6 percent over the pre-pandemic level in 2019. The Report on World Tourism Economy Trends (2024) predicted that international tourist arrivals would amount to 13.579 billion in number this year, recovering to 103.9 percent of 2019. The report was released at an international tourism summit held in Wellington, New Zealand. At the same time, the report called for efforts by the global tourism industry to turn challenges into growth opportunities. Factors such as technological advancement and climate change should be proactively incorporated into the reshaping of the industry. The World Tourism Cities Federation Wellington Fragrant H

                      Egyptian FM, UN official warn against Israeli violence in Gaza, West Bank

                      STORY: Egyptian FM, UN official warn against Israeli violence in Gaza, West Bank SHOOTING TIME: April 21, 2024 DATELINE: April 22, 2024 LENGTH: 00:00:43 LOCATION: Cairo CATEGORY: POLITICS SHOTLIST: 1. various of the Egyptian Foreign Ministry 2. various of Sameh Shoukry meeting with Francesca Albanese 3. various of the Egyptian Foreign Ministry STORYLINE: Egyptian Foreign Minister Sameh Shoukry and UN special rapporteur on the situation of human rights in the occupied Palestinian territories Francesca Albanese discussed in Cairo on Sunday ways to ease the humanitarian suffering of Palestinians amid the ongoing Israeli aggression. "We reiterate the necessity of ending Israeli violations against civilians in Gaza, sustaining full aid delivery to the enclave, and eliminating violence and attacks by Israeli settlers in the West Bank," Shoukry was quoted as saying in a statement released by the Egyptian Foreign Ministry. The Egyptian top diplomat warned against the repercussions of the ongoing Israeli mi