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Central Bank of Egypt unveils $1.81bln T-bills on Thursday

Zawya12-06-2025

Cairo – The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 90 billion through two issues on Thursday, 12 June.
The first tranche stood at EGP 45 billion, holding a tenor of 182 days until 16 December 2025, according to official data.
Issued with the same value, the second offering will mature in 364 days on 16 June 2026.
All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (Syndigate.info).

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Europe's lithium quest hampered by China and lack of cash
Europe's lithium quest hampered by China and lack of cash

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Europe's lithium quest hampered by China and lack of cash

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"To secure the supply of raw materials, China is actively investing in mines abroad through state-owned companies with political support from the government," the IEA noted. China's Belt and Road Initiative funnelled $21.4 billion into mining beyond its shores in 2024, according to the report. Europe, meanwhile, is "lagging behind in investment levels in these areas", said Sebastian Galarza, founder of the Centre for Sustainable Mobility in Santiago, Chile. "The lack of a clear path for developing Europe's battery and mining industries means that gap will be filled by other actors." In Africa, for example, Chinese demand has propelled Zimbabwe to become the fourth-largest lithium producer in the world. "The Chinese let their money do the talking," said Theo Acheampong, an analyst at the European Council on Foreign Relations. By 2035, all new cars and vans sold in the European Union must produce zero carbon emissions, and EU leaders and industry would like as much as possible of that market share to be sourced locally. Last year, just over 20 percent of new vehicles sold in the bloc were electric. "Currently, only four percent of Chile's lithium goes to Europe," noted Stefan Debruyne, director of external affairs at Chilean private mining company SQM. "The EU has every opportunity to increase its share of the battery industry." Shifting supply chains But Europe's plans to build dozens of battery factories have been hampered by fluctuating consumer demand and competition from Japan (Panasonic), South Korea (LG Energy Solution, Samsung) and, above all, China (CATL, BYD). The key to locking down long-term lithium supply is closer ties in the so-called "lithium triangle" formed by Chile, Argentina and Bolivia, which account for nearly half of the world's reserves, analysts say. 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Americana in talks to acquire Five Guys in the region: reports
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Tunisia: FDI up 21% in 2024 (UNCTAD)
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Tunisia: FDI up 21% in 2024 (UNCTAD)

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