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Banks
Egypt’s central bank approves banking agents to expand financial inclusion
Egypt’s central bank approved new rules on Tuesday allowing banks to use authorised banking agents to provide…
EBRD, IFC invest $200 mln in Banque du Caire’s IPO
The European Bank for Reconstruction and Development (EBRD) is investing $100 million in Banque du Caire’s initial…
Banque du Caire’s IPO highlights banking sector resilience – CBE governor
Strong demand from international institutional and retail investors for Banque du Caire’s listing on the Egyptian…
Banque du Caire’s IPO to deepen Egypt’s market liquidity – EGX chair
Banque du Caire’s record-breaking initial public offering will help deepen liquidity in the Egyptian Exchange (EGX)…
Egypt plans spending controls to cushion impact of regional tensions
Egypt is preparing measures to rationalise government spending and create fiscal space to address the economic…
China’s central bank shifts main policy rate to overnight reverse repo
China’s central bank shifted its main policy rate from the seven-day reverse repo rate to the overnight reverse…
Banque du Caire’s IPO a turning point in Egypt’s economic reform – PM
Prime Minister Moustafa Madbouly described Banque du Caire’s initial public offering on Monday as a turning point…
Egypt signs $1bln World Bank financing agreement for economic reforms
Egypt signed a $1 billion financing agreement with the World Bank on Sunday as part of the second phase of its…
Egypt seeks QNB network to promote state offerings, property projects
Egypt is seeking to use Qatar National Bank’s (QNB) international reach and client base to promote government…
Egypt, World Bank discuss support for priority water projects
Egypt is seeking technical assistance and financing from the World Bank for priority water projects as the country…
URGENT: Egypt’s central bank raises key interest rates by 100 bps
Egypt’s central bank on Thursday raised key interest rates by 100 basis points, signalling a cautious shift to…
Egypt signs private-sector deals for 20,000 affordable homes in 8 cities
Egypt has signed partnership agreements with private real estate developers to build about 20,000 affordable…
CBE, EIB discuss sustainable finance cooperation
Egypt’s Central Bank Governor Hassan Abdullah met on Monday with European Investment Bank (EIB) Vice President…
Egypt’s Central Bank trains 11 African counterparts on climate risks
The Central Bank of Egypt (CBE) hosted a five-day training programme for 25 participants representing 11 central…
Egypt’s National Investment Bank eyes private partners to unlock value of transferred…
Egypt’s National Investment Bank (NIB) is studying partnerships to maximise returns from assets transferred to its…
Egypt approves Banque du Caire’s share sale worth up to EGP24.25 bln
Egypt’s Financial Regulatory Authority (FRA) approved on Sunday the prospectus for Banque du Caire’s share…
Egypt, IFC discuss proposed fund to support startups, digital innovation
Egypt is exploring the establishment of a fund to finance startups and innovative ventures, as the government seeks…
IMF raises Egypt’s growth forecast to 4.7% in FY2026/27
The International Monetary Fund (IMF) raised its forecast for Egypt’s real gross domestic product growth to 4.7% in…
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…