Remittances from Egyptians abroad were $12 billion in H1-FY2022/23 – central bank
Remittances from Egyptians working abroad amounted to $12 billion in the first half of the 2022-2023 financial…
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Central Bank of Egypt
NBE, Banque Misr collect EGP67bln from CDs
The National Bank of Egypt (NBE) and Banque Misr collected 67 billion Egyptian pounds from the recently issued…
Egypt’s NBE, Banque Misr issue new 19%, 22% CDs over 3 years
Egypt's two biggest state lender, the National Bank of Egypt and Banque Misr have launched on Sunday two…
Egypt’s c.bank expects 200bps interest rate hikes next meeting – EFG Hermes
Egypt's investment bank, EFG Hermes expected on Wednesday that the Central Bank of Egypt (CBE) will raise interest…
BREAKING: Hisham Ezz Al-Arab officially named CIB Egypt bank non-executive chairman
The general assembly of the Commercial International Bank (CIB Egypt) on Monday officially named Egyptian veteran…
CBE launches regulations for payments via mobile apps
The Central Bank of Egypt (CBE) has set new regulations for contactless payment through mobile applications on…
Egypt’s gold reserves record $7.372bln in February – central bank
Egypt’s gold reserves, a major component of foreign cash reserves reached $7.372 billion at the end of February,…
Egypt releases $3.7bln goods from ports in 18 days
Egyptian government has released $3.7 billion worth of goods from ports during the period from February 1st to…
Egypt’s annual core inflation surges to 31.2% in January – c.bank
Egypt’s year-on-year core inflation rate hiked to 31.2 percent in January 2023, compared to 24.4 percent in…
CIB Egypt fully acquires Mayfair Bank in Kenya for $40mln
Egypt's largest private bank, the Commercial International Bank (CIB-Egypt) has acquired the remaining 49 percent…