Beyond the IMF: Can Egypt Turn Economic Stability into Independence?
Egypt’s decade-long reliance on the International Monetary Fund (IMF) reflects a persistent economic paradox. After…
Browsing Tag
Central Bank of Egypt (CBE)
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…
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, 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 Rate-Cut Conundrum
For the fifth consecutive meeting, the Central Bank of Egypt (CBE) left its overnight deposit and lending rates…
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 gives credit guarantee firms one year to start operations
Egypt’s central bank has given licensed credit guarantee companies one year to start operations after receiving…
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…
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 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…
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’s Growth Story Meets the Household’s Reality
The number that will matter most in the final quarter of 2026 is not simply how much income reaches the household,…
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…
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’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…
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…
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 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…
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 central bank hosts Ghana officials for AI, cybersecurity talks
Egypt's central bank said on Monday it hosted two delegations from the Bank of Ghana to expand cooperation on…
Egypt’s central bank announces 23 July bank holiday
Egypt's central bank said on Thursday that all banks operating in the country will be closed on Thursday, 23 July,…
URGENT: Egypt’s central bank keeps interest rates unchanged
Egypt's central bank kept its key interest rates unchanged on Thursday, saying the decision reflected its…
URGENT: Egypt’s remittances 13.5% y/y up in May – CBE
Remittances from Egyptians working abroad rose 13.5 per cent year-on-year to $3.9 billion in May from $3.4 billion…
Egypt’s gold reserves hit $16.784 bln in June – CBE
Egypt's gold reserves fell by 10.6 per cent month-on-month in June to $16.784 billion, down from $18.776 billion in…
Egypt’s central bank denies issuing new low-denomination paper notes
Egypt's central bank denied reports on Wednesday that it had issued new paper banknotes in the 25-piastre,…
Central Bank of Egypt Governor Hassan Abdalla named Man of the Year at Amwal Al Ghad…
Hassan Abdalla, governor of the Central Bank of Egypt (CBE), was named winner of the Man of the Year Award at the…
Banks in Egypt adopt ISO 20022 standard for interbank transfers – CBE
Egypt's banking sector has adopted the international ISO 20022 messaging standard for interbank financial…
Egypt’s government, central bank discuss fuel supplies ahead of summer
Egypt’s Prime Minister Moustafa Madbouly met Central Bank Governor Hassan Abdalla on Monday to discuss coordination…
URGENT: Egypt’s remittances rise 44% y/y in April – CBE
Remittances from Egyptians working abroad rose 44.0 per cent year-on-year to $4.3 billion in April from $3.0…
Can Egypt’s Energy Debt Settlement Unlock a New Investment Cycle?
For the first time in years, Egypt has resolved one of the most sensitive, persistent challenges facing its energy…