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Business - Economy
2/6/2025 6:06:00 PM
The net international reserve (NIR) continued to increase in January, reaching $47.26 billion, up from $47.1 billion posted by the end of December 2024, the Central Bank of Egypt (CBE) announced Wednesday.

Business - Tech
2/6/2025 4:20:19 PM
The Central Bank of Egypt (CBE) hosted a delegation from the Central Bank of Yemen (CBY) to share Egypt's innovative approaches to digital payment systems and services in a move that aims to bolster cooperation with Arab nations.

Business - Economy
2/5/2025 7:05:09 PM
The Central Bank of Egypt (CBE) co-chaired the Financial Stability Board's (FSB) Regional Consultative Group for the Middle East and North Africa (RCG MENA) meeting, held in Sharm El-Sheikh on 29-30 January, the bank said in a release on Wednesday.

Business - Economy
2/3/2025 4:28:33 PM
The Central Bank of Egypt (CBE) announced on its website that it sold $1.06 billion in USD-denominated treasury bills (T-bills) with a 364-day maturity period on Monday.

Business - Economy
1/29/2025 3:28:52 PM
The remittances of Egyptians working abroad increased again in November 2024 by 65.4 percent to reach approximately $2.6 billion, compared to around $1.6 billion in November 2023, the Central Bank of Egypt (CBE) announced Wednesday.

Business - Economy
1/18/2025 1:05:44 PM
Egypt’s Balance of Payments (BOP) recorded an overall deficit of $991.2 million in the first quarter (Q1) of the Fiscal Year (FY) 2024/2025, a sharp contrast to an overall surplus of $228.8 million in the same period a year earlier, according to the Central Bank of Egypt (CBE) report released on Thursday.

Business - Economy
1/7/2025 1:12:42 PM
The Central Bank of Egypt (CBE) announced Monday that the country's net international reserves (NIRs) rose by $157 million, reaching a historic high of $47.1 billion by the close of December 2024.

Business - Economy
1/6/2025 1:36:40 PM
The Central Bank of Egypt (CBE) announced Monday that all banks in Egypt will be closed on Tuesday on the occasion of the Christmas.

Business - Economy
12/31/2024 11:36:26 AM
The Central Bank of Egypt (CBE) announced on its website that it sold $840 million in USD-denominated treasury bills (T-bills) with a 364-day maturity period on Monday.

Business - Economy
12/30/2024 6:33:30 PM
The Central Bank of Egypt (CBE) has extended the exemption from transfer fees for an additional three months on transactions conducted via its Instant Payment Network (IPN) and the InstaPay app, according to a release published by the CBE on Monday.

Business - Economy
12/29/2024 8:38:01 PM
The Central Bank of Egypt (CBE) has raised the daily and monthly maximum limits for withdrawals on company and individual financial inclusion banking accounts (including total withdrawals, outgoing transfers, debit transactions, and purchases) by 50 percent, according to a CBE circular published for all banks on Sunday.

Business - Economy
12/29/2024 12:16:32 PM
The Central Bank of Egypt (CBE) announced on Sunday that Wednesday, 1 January 2025, will be a holiday for all banks in Egypt on the occasion of the end of the financial year for most banks on 31 December 2024.

Business - Economy
12/26/2024 8:37:51 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to keep key interest rates unchanged for the sixth consecutive time during its final meeting for 2024 held on Thursday.

Business - Economy
12/26/2024 11:38:00 AM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will hold its final meeting for 2024 on Thursday to review the key interest rates in light of the most recent local and global macroeconomic indices, mainly the inflation rates trend.

Business - Economy
12/25/2024 3:29:11 PM
The Central Bank of Egypt (CBE) held a virtual seminar titled "Effective Supervision: Building Supervisory Frameworks and Risk Management" with the participation of 110 representatives from African central banks, the CBE announced on Wednesday.

Business - Economy
12/24/2024 6:08:52 PM
The Central Bank of Egypt (CBE) announced Tuesday that Egyptian expatriates’ remittances surged to $23.7 billion in the first 10 months of 2024 (January-October), up from $16.3 billion during the corresponding period in 2023, marking a 45.3 percent increase.

Business - Economy
12/24/2024 3:54:51 PM
The Central Bank of Egypt (CBE) launched a new financial literacy campaign on Tuesday in collaboration with the European Union, GIZ Egypt, and the Egyptian Banking Institute to increase financial awareness among citizens and enable them to make informed financial decisions.

Business - Economy
12/23/2024 4:59:12 PM
The US dollar reached its highest level on Monday against the Egyptian pound since March of this year, reaching EGP 51.14, according to the Central Bank of Egypt (CBE)’s official website.

Business - Tech
12/23/2024 3:33:49 PM
The Central Bank of Egypt (CBE) launched a new service on Monday that allows instant money transfers from anywhere in the world to Egypt.

Business - Economy
12/22/2024 4:31:53 PM
Governor of the Central Bank of Egypt (CBE) Hassan Abdallah emphasized the importance of enhancing the financial stability and resilience of the Arab banking sectors.

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