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Egypt, Kuwait discuss guarantee mechanism for infrastructure financing
Egypt and Kuwait discussed establishing a mechanism to guarantee financing for infrastructure projects in the North…
World Bank’s chief praises Egypt’s economic resilience in meeting with foreign minister
World Bank President Ajay Banga praised Egypt’s economic resilience and efforts to improve its investment climate…
URGENT: Egypt’s remittances rise 27.2% in January-August 2026 – CBE
Remittances from Egyptians working abroad rose 27.2 per cent year-on-year to a record $33.9 billion in the first…
S&P affirms Egypt’s credit rating at B/B
Egypt’s credit rating was affirmed at B/B with a stable outlook by S&P Global Ratings, reflecting a balance…
Fitch affirms Egypt’s ‘B’ rating with stable outlook
Fitch Ratings has affirmed Egypt’s long-term credit rating at ‘B’ with a stable outlook, citing its growth…
Egypt’s housing programme brings more than half of beneficiaries into banking – official
More than half of beneficiaries of Egypt’s Housing for All Egyptians Programme have dealt with banks for the first…
Egypt’s central bank warns of scams seeking customers’ personal data
The Central Bank of Egypt (CBE) warned citizens on Wednesday against fraudulent calls and links seeking private…
Egypt’s gold reserves hit $17.456 bln in September – CBE
Egypt’s gold reserves fell 8.4 per cent month-on-month to $17.456 billion at the end of September from $19.058…
URGENT: Egypt’s net international reserves hit $57.348b end of September – CBE
Egypt’s net international reserves reached $57.348 billion at the end of September 2026, the Central Bank of Egypt…
World Bank raises Egypt’s 2026/27 growth forecast to 4.3%
The World Bank raised on Tuesday its forecast for Egypt’s economic growth in fiscal year 2026/2027 to 4.3 per cent,…
Egypt, African trade bank TDB discuss financing to help exporters expand
Egypt’s Investment and Foreign Trade Minister Mohamed Farid met with Admassu Tadesse, Co-Chairperson and Managing…
Egypt’s banks to close on 8 Oct. for Armed Forces Day – CBE
Egypt’s banks will be closed on Thursday, October 8, 2026, to mark Armed Forces Day, the Central Bank of Egypt said…
Egypt launches EGP 1bn fund to revive struggling factories
Egypt’s central bank and industry ministry launched a 1 billion Egyptian pound ($19.1 million) fund on Thursday to…
URGENT: Egypt banking sector NFAs hit 6-year high
Egypt’s banking sector net foreign assets (NFAs) reached $31.2 billion in August 2026, marking their highest level…
Egypt’s IPN reaches 22m users in Q2 – CBE governor
Egypt’s Instant Payment Network (IPN) reached around 22 million registered customers by the end of the second…
Egypt settles EGP102.75bn IMPA debt to National Investment Bank
Egypt signed on Wednesday a tripartite framework agreement to settle the 102.75 billion Egyptian pounds historical…
URGENT: Egypt, UAE renew AED 5 bln currency swap agreement for five years
The central banks of Egypt and the United Arab Emirates have renewed a currency swap agreement worth 5 billion…
Egypt’s central bank eases access to registry, notarisation services
Egypt’s central bank is allowing banks to offer commercial registry and real estate notarisation services at…
Egypt’s central bank sets EGP 50m minimum capital for credit guarantee firms
Egypt’s central bank issued new licensing and supervisory rules for credit guarantee companies, including a minimum…
URGENT: Egypt’s central bank keeps key policy rates unchanged
Egypt’s central bank kept its key interest rates unchanged on Thursday, with the overnight deposit rate at 19 per…
Egypt, World Bank advance plans for infrastructure financing guarantee mechanism
Egypt and the World Bank are in the final stages of launching a mechanism to attract private-sector investment into…
Egypt, EIB discuss financing for grain logistics hub
Egypt and the European Investment Bank (EIB) discussed potential financing for an integrated grain logistics hub…
Egypt opens €3.8 mln waste stations under Kitchener Drain Depollution Project
Egypt has opened two waste transfer stations in Dakahlia and Gharbia governorates at a combined cost of €3.8…
URGENT: Egypt’s remittances 28.1% y/y up in first 7 months of 2026 – CBE
Remittances from Egyptians working abroad surged 28.1 per cent year-on-year to $29.7 billion in the first seven…
Egypt, World Bank discuss healthcare reform, universal insurance
Egypt's Health Minister Khaled Abdel Ghaffar met with a World Bank delegation on Sunday to discuss expanding…
Egypt to chair North Africa central banks group in 2028
Egypt will chair the North Africa region of the Association of African Central Banks (AACB) in 2028 after the…
US Fed raises rates for first time since 2023 as inflation stays elevated
The US Federal Reserve raised its benchmark interest rate by a quarter percentage point on Wednesday to 3.75 per…
Egypt approves updated Banque du Caire valuation ahead of potential IPO
A government committee unanimously approved on Thursday the methodology for an updated fair value study of Banque…
Egypt’s annual core CPI inflation hits 14.9% in August – CBE
Egypt’s annual core inflation rate recorded 14.9 per cent in August from 14.7 per cent in July, data from the…
Egypt’s central bank warns of InstaPay scams targeting users
The Central Bank of Egypt (CBE) on Thursday warned users of InstaPay, the country's instant payments platform,…
Egypt seeks to host EBRD annual meeting in Sharm El-Sheikh in 2027
Egypt hopes to host the European Bank for Reconstruction and Development's (EBRD) annual meeting in Sharm El-Sheikh…
EBRD seeks to expand investment in Egypt across energy, industry
The European Bank for Reconstruction and Development (EBRD) is seeking to expand investment in Egypt, particularly…
Egypt’s PM, central bank governor discuss reserves, inflation, dollar inflows
Prime Minister Moustafa Madbouly and Central Bank of Egypt (CBE) Governor Hassan Abdalla discussed on Monday…
Egypt’s gold reserves hit $19.058 bln in August – CBE
Egypt's gold reserves rose 11.2 per cent month on month to $19.058 billion at the end of August from $17.139…
Egypt’s net international reserves hit new record $57.215 bln in August – CBE
Egypt's net international reserves rose to a new record $57.215 billion at the end of August from a record $56.294…
URGENT: Egypt’s economy grows 5.1% in FY2025/26, beating forecasts – minister
Egypt's economy grew 5.1 per cent in the 2025/26 fiscal year, accelerating from 4.4 per cent a year earlier and…
Egypt, China renew currency swap, seek more local-currency trade
Egypt and China agreed to renew and expand their currency swap arrangement and encouraged wider use of local…
Egypt denies plans to sell Suez Canal, dismisses $500 mln loss claim
Egypt denied plans to sell, pledge, or transfer ownership of the Suez Canal in exchange for government debt,…
Egypt, UAE central banks affirm coordination on Banque Misr branches
The Central Bank of Egypt (CBE) and the Central Bank of the United Arab Emirates (CBUAE) affirmed their full and…
CBE clarifies Banque Misr UAE branch measures
Egypt’s central bank said measures reportedly imposed on Banque Misr’s branch in the United Arab Emirates as part…