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Banks
Egypt’s central bank clears EGP 2.56t in cheques in July
The Central Bank of Egypt (CBE) processed 6.040 million cheque-clearing transactions valued at 2.56 trillion…
Egypt’s FRA chief Mohamed Farid reappointed with ministerial rank
President Abdel Fattah El-Sisi renewed Mohamed Farid’s appointment as acting chairman of Egypt’s Financial…
China’s PBC issues 160.7b yuan off reverse repo
The People’s Bank of China (PBC) announced on Thursday, 07 August 2025, a 7-day 160.7-billion-yuan reverse repo at…
UK cuts interest rate to 4%
The Bank of England (BoE) decided on Thursday to cut the rate by 0.25 per cent points to 4 per cent, citing…
Egypt ratifies annex to EIB cooperation agreement on Metro Line 2
Egypt’s President issued Decree No. 116 of 2025 approving Annex No. (1) to the cooperation agreement on the…
Egypt’s c. bank offers EGP80b in T-bills
The Central Bank of Egypt (CBE), in coordination with the Ministry of Finance, is offering 80 billion Egyptian…
Egypt mulls tailored savings tools to increase expat remittances: PM
Egypt is studying the launch of special savings instruments for citizens living abroad in a bid to increase…
CBE forecasts Egypt’s GDP growth to accelerate to 5.1% by FY2026/27
Egypt’s economy is expected to expand by 4.8 per cent in fiscal year 2025/26 and 5.1 per cent in 2026/27, the…
Egypt sees inflation averaging 15-16% in 2025, 11-12% in 2026 – CBE
Egypt’s annual headline inflation is projected to average 15-16 per cent in 2025 and 11-12 per cent in 2026 before…
CBE launches Egypt’s first-of-its-kind banking sciences course
Egypt’s central bank is partnering with the Ministry of Higher Education to launch the country’s first bachelor’s…