Central Bank of Egypt meets Chinese delegation to enhance bilateral relations
Egypt’s central bank governor met with a senior Chinese delegation in Cairo on Tuesday as the two countries look to…
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Egypt’s Central Bank (CBE)
Egyptian banking sector’s net foreign assets rise to EGP 644.7b in July
Egypt's net foreign assets (NFAs) rose for the third consecutive month in July 2024, reaching a record high of…
Egypt’s NFAs remain in positive zone in June – CBE
Egypt's net foreign assets (NFAs) fell by 49.76 billion Egyptian pounds in June to 626.6 billion pounds ($13.05…
Egypt CBE: interbank transactions surge to EGP 44.9t
Egypt’s central bank said the value of interbank payments in local currency on the Real Time Gross Settlement…
BREAKING: Egypt’s central bank hikes key interest rates by 200 bps
Egypt’s central bank has on Thursday hiked its key interest rates by 200 basis points in its first monetary policy…
BREAKING: Egypt’s central bank keeps key interest rates unchanged
Egypt’s central bank has on Thursday kept its key interest rates unchanged in its penultimate monetary policy…
Egypt’s central bank says net profit hit EGP 14.5 billion at August-end
Egypt’s central bank has posted a net profit of 14.538 billion Egyptian pounds ($470.5 million) in August, from…
CBE eases banking access for illiterate, elderly
The Central Bank of Egypt (CBE) introduced new facilities on Tuesday to help illiterate and elderly customers (65+…
Egypt’s central bank to set up financial digital identification company
Egypt’s central bank plans to set up a new firm for financial digital identification, according to its financial…
Crédit Agricole Egypt denies talk of due diligence on United Bank
Crédit Agricole Egypt denied a report on Monday it was undertaking due diligence on the potential acquisition of…
Egypt’s central bank offers $1.3bln T-bills
The Central Bank of Egypt (CBE) offered treasury bills (T-bills) on Sunday worth 40 billion Egyptian pounds through…
Sisi reappoints Hassan Abdalla as CBE Governor – statement
Egyptian President Abdel Fattah al-Sisi has issued Decree No. 346/2023 reappointing Hassan Abdalla as the Acting…
Egypt’s CBE replaces 6mln pension cards with Meeza cards
The Central Bank of Egypt (CBE) has replaced about six million pension cards with the national payment cards,…
Egypt’s central bank raises interest rates by 100 bps to tame inflation
Egypt’s central bank raised its key interest rates by 100 basis points (bps) on Thursday in an attempt to control…
CBE reports foreign deposits rise to EGP 1.516tn in H1 of 2023
The Central Bank of Egypt (CBE) reported on Monday the total foreign currency deposits at Egyptian banks jumped to…
Egypt’s current account deficit at $5.3bln in July-March 2022/23 – CBE
Egypt's current account deficit shrunk to $5.3 billion in July-March of the fiscal year 2022/23 compared to $13.6…
Bank credit facilities increase 9 months – CBE
The Central Bank of Egypt (CBE) revealed on Monday that bank credit facilities increased to about 4.482 trillion…
Egypt’s central bank to join Afreximbank’s PAPSS platform soon: Orama
Egypt’s central bank will soon join the African Export-Import Bank’s (Afreximbank) Pan-African Payment and…
AfDB plays key role in fostering economic development in continent – CBE governor
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE) and Chairman of the Board of Governors of the African…
Egypt’s central bank receives ISO certification in business continuity management
Egypt’s central bank has announced on Saturday that it had successfully received the ISO 22301:2019 certification…
Egypt’s c.bank: Reserve money surges to EGP 1.502 trillion at April-end
Egypt’s central bank reported on Monday a growth in the country’s reserve money (M0) to 1.559 trillion Egyptian…
InstaPay transactions record EGP 112.7bln over one year – CBE
The Central Bank of Egypt (CBE) has revealed on Sunday that it conducted 20.3 million transactions worth 112.7…
Egypt c.bank: Kuwait extends maturity of $2 bln deposit to Sep 2023
Kuwait has decided to extend the maturity of $2 billion worth of deposits it made with Egypt’s central bank (CBE)…
Egypt’s central bank launches new website
Egypt’s central bank announced on Saturday that it had launched a new website.
Egypt’s domestic liquidity surges to EGP 7.737 in January
Egypt’s domestic liquidity increased by 335 billion Egyptian pounds to reach 7.737 trillion pounds ($252,6 million)…
Egypt’s central bank records its first profit since 2016 pound float
Egypt’s central bank (CBE) made a profit in December for the first time since the devaluation of the local pound…
BREAKING: Egypt’s central bank keeps rates unchanged at 2023 first meeting
Egypt’s central bank has hiked its key interest rates by 150 basis points on Thursday as it keeps battling…
Egypt’s net foreign assets grow by $2 billion in December
Egypt's net foreign assets (NFAs) improved by 47.28 billion Egyptian pounds in December, marking a second month…
Egypt’s NBE, Banque Misr deactivate 25% yield certificates
Egypt's two biggest state banks, the National Bank of Egypt (NBE) and Banque Misr have announced on Tuesday the…
CBE launches 1st Digital Academy to develop workers’ skills in banking sector
FinTech Egypt initiative powered by Central Bank of Egypt (CBE) has released the first Digital Academy, to become…
IMF: Egypt’s central bank may warrant additional policy tightening to curb inflation
Egypt’s central bank (CBE) may warrant additional monetary policy tightening as persistent inflationary pressures…
Egypt’s central bank announces rate meeting schedule for 2023
Egypt’s central bank on Saturday announced the schedule of its meetings that determine the course of monetary…
BREAKING: Egypt’s central bank hikes interest rates 3%
Egypt’s central bank has on Thursday decided to hike interest rates by 3 percent to contain inflationary pressures…
Egypt’s c.bank expects 200bps interest rate hikes next Thursday- Reuters poll
The Central Bank of Egypt (CBE) will raise its overnight interest rates by 200 basis points on Thursday, a Reuters…
Egypt’s c.bank picks Tamer Waheed to join AAIB board
Egypt’s central bank has picked Egyptian banker Tamer Waheed on Sunday to join the Arab African International…
Egypt’s central bank cancels Nov. 3 monetary policy meeting
Egypt’s central bank said on Monday that its monetary policy committee (MPC) meeting, that was scheduled on…
Egypt’s external debt declined by $2 billion in Q4 – CBE
Egypt's external debt has declined by $2 billion to record $155.708 billion at the end of June, compared to…
Explainer: Egypt’s central bank unchanged interest rates decision and why
Against all expectations and unlike many central banks worldwide, Egypt’s central bank (CBE) decided on Thursday to…
Egypt’s stock mixed at Thursday’s session
Egyptian Stock Exchange (EGX) mixed on last week trading session as the main index EGX 30 declined by 0.23 percent…
Saudi Arabia, UAE, Qatar deposit $13 billion in Egypt’s central bank – report
Saudi Arabia, UAE, and Qatar deposited $13 billion with Egypt’s central bank during the first quarter of the year,…