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Banks
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…
Egypt’s PM, c.bank governor discuss inflation, FX flows ahead of economic programme
Egypt is stepping up coordination between the government and the central bank as officials prepare a national…
CBE approves digital banking identity rules
The Central Bank of Egypt (CBE) has approved rules governing the Digital Financial Identity (DFI), enabling banks…
URGENT: Egypt’s c.bank keeps interest rates unchanged
Egypt's central bank kept its key interest rates unchanged on Thursday, maintaining its overnight deposit rate at…
Egypt seeks new UAE foothold for National Investment Bank subsidiaries
Egypt is seeking to expand the presence of companies affiliated with its National Investment Bank (NIB) in the…
Banks in Egypt to close 27 Aug. for Prophet’s birthday holiday
All banks operating in Egypt will be closed on Thursday, 27 August to mark the birthday of Prophet Muhammad, the…
Egypt’s central bank launches nationwide campaign to combat banking fraud
The Central Bank of Egypt (CBE) has launched a nationwide awareness campaign with banks operating in the country to…
S&P Global: Egypt’s inflation, Red Sea risks may delay rate cuts
Egypt's inflation accelerated in July, and risks from disruption to Red Sea shipping could prompt S&P Global…
Egypt’s annual CPI core inflation rises to 14.7% in July – CBE
Egypt's annual core inflation rate rose to 14.7 per cent in July from 14.3 per cent in June, data from the Central…
Egypt’s c.bank prepares second national financial inclusion strategy for 2026-2030
Egypt's central bank is preparing a second national financial inclusion strategy covering 2026-2030, with a greater…
Egypt’s financial inclusion rate rises to 79% by June 2026 – CBE
Egypt's financial inclusion rate rose to 79 per cent by the end of June 2026, with 56.4 million adults holding…
Egypt’s net FX reserves hit record $56.3 bln at end-July: CBE
Egypt's net international reserves rose to a record $56.294 billion at the end of July from $55.072 billion a month…
Egypt’s gold holdings rise to $17.1 bln in July – CBE
Egypt's gold reserves rose 2.12 per cent month on month to $17.139 billion at the end of July from $16.784 billion…
Egypt’s central bank launches African financial stability portal
The Central Bank of Egypt (CBE), in cooperation with the Association of African Central Banks (AACB), has launched…
NBE, Banque Misr sign deal easing KYC updates for Egyptians abroad
Egypt signed a cooperation agreement on Sunday allowing citizens living abroad to update their banking information…
Egypt launches KYC update service for citizens abroad
Egypt has launched a new initiative on Sunday allowing citizens living abroad to update their banking information…
Egypt’s Samannoud Textile returns to production after NIB-led restructuring
Egypt's National Investment Bank (NIB) has successfully implemented a comprehensive recovery plan for Samannoud…
Egypt’s PM reviews plans to expand strategic fuel reserves
Prime Minister Moustafa Madbouly reviewed Egypt's plans to expand strategic petroleum reserves on Wednesday as the…