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CBE allows banks to set foreign currency withdrawal limits

The Central Bank of Egypt (CBE) announced that banks can set their own policies for foreign currency withdrawal limits, with approval from their boards of directors

Updated 8/22/2024 7:40:00 AM
Telecom Egypt calls off plan to sell stake in Vodafone Egypt

Telecom Egypt has retracted from selling its stake in Vodafone Egypt, as it anticipates garnering profits of up to EGP 3 billion from this stake in 2024.

Updated 5/19/2024 8:40:00 AM
CBE raises cash withdrawal limit from banks to EGP 250,000

The Central Bank of Egypt (CBE) has increased the daily maximum limit for cash withdrawals by individuals and companies from bank branches by 67% to EGP 250,000.

Updated 4/15/2024 12:32:00 PM