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CBE revises inflation outlook, downgrades GDP growth forecasts amid global pressures

Egypt’s annual headline inflation is projected to accelerate throughout the year before gradually moving downward by the second half of 2027, averaging 17% and 13% in 2026 and 2027, respectively, according to the latest Monetary Policy Report by the Central Bank of Egypt (CBE).

Updated 0m12h
Interbank transactions via RTGS hit EGP 105.2T in 4 months: CBE

The value of interbank payments executed in EGP through the Real-Time Gross Settlement (RTGS) system reached EGP 105.239 trillion during the first four months of 2026.

Updated 5/10/2026 3:56:00 PM
CBE offers EGP 15B T-bonds on May 10th

The Central Bank of Egypt (CBE) offered fixed-rate treasury bonds (T-bonds) on Sunday, May 10th, with a total value of EGP 15 billion.

Updated 5/10/2026 11:22:00 AM
Egypt’s annual core inflation retreats to 13.8% in April: CBE

Egypt’s annual core consumer price index (CPI) inflation declined to 13.8% in April 2026, compared to 14% in March, according to the Central Bank of Egypt’s (CBE) data.

Updated 5/10/2026 7:21:00 AM
Egypt’s NIR up to $53B end-April: CBE

Egypt recorded net international reserves (NIR) of $53.009 billion at the end of April 2026, according to the Central Bank of Egypt’s (CBE) data.

Updated 5/6/2026 2:22:00 PM
10 Buzzing News Stories To Power Your Weekend Catch-Up

The first week of May wrapped up with notable economic developments, as Egypt’s non-oil private sector recorded a sharp deterioration in operating conditions in April, with persistent price pressures weighing on both new orders and output.

Updated 5/6/2026 1:47:00 PM
Liquidity Surplus Meets FX Risk: Egypt’s Banks Turn to Tactical Tools

Egypt’s banks are walking a tightrope between absorbing excess liquidity and defending the pound against fresh foreign-exchange pressures.

Updated 5/6/2026 10:47:00 AM
Egypt’s ICT Sector as a Catalyst for Economic Growth

In this factsheet, we provide a comprehensive overview of Egypt’s ICT sector to highlight its role as an engine for economic growth, while shedding light on the government’s plans for the sector's potential expansion.

Updated 5/5/2026 10:32:00 AM
Egypt imposes 3-month duty on nitrogen-based fertilizer exports

Egypt’s Ministry of Investment and Foreign Trade has imposed a three-month duty on all nitrogen-based fertilizer exports, according to the official gazette.

Updated 5/5/2026 7:07:00 AM
Kuwait extends $2B deposit with CBE by one year

Kuwait has extended a $2 billion deposit with the Central Bank of Egypt (CBE) for an additional year, the CBE noted in the “External Position of Egyptian Economy” report.

Updated 5/3/2026 3:07:00 PM
Remittances from Egyptians abroad grow 28% YoY in 8 months

Remittances from Egyptians working abroad reached $29.4 billion during the first eight months of the current fiscal year (FY) 2025/2026, marking a 28% increase compared to $23.0 billion recorded during the same period a FY earlier.

Updated 4/30/2026 2:56:00 PM
CIB launches new savings certificates with returns up to 19.50%

Commercial International Bank Egypt (CIB) has launched a new package of savings certificates in a limited issue to meet the needs of various customer segments.

Updated 4/30/2026 2:07:00 PM
Egypt's cabinet backs mining and auto reforms, approves contracts with Moody’s, Fitch

Egypt’s Cabinet approved amendments to the executive regulations of the Mineral Resources Law, expanding licensing rules for mining activities and related operations.

Updated 4/30/2026 6:39:00 AM
CBE sets May 7th bank holiday for Labor Day

The Central Bank of Egypt (CBE) announced that all banks operating in Egypt will be closed on Thursday, May 7th, on the occasion of Labor Day.

Updated 4/28/2026 1:22:00 PM
Bokra Deploys El Shakmagiya; Sets 2026 Roadmap for Sector-Specific Funds

Arab Finance Interview with Ayman El Sawy, Founder and CEO of Bokra

Updated 4/27/2026 2:01:00 PM
Kiwe secures CBE approval to launch fintech app, card in Egypt

Fintech startup Kiwe has received final approval from the Central Bank of Egypt (CBE) to launch its application and card in the local market, ahead of its rollout.

Updated 4/26/2026 1:07:00 PM
CBE issues EGP 90B in T-bills to finance budget deficit

The Central Bank of Egypt (CBE), in coordination with the Ministry of Finance, is issuing treasury bills (T-bills) worth EGP 90 billion on Sunday, April 26th, 2026, to finance the state’s budget deficit.

Updated 4/26/2026 12:15:00 PM
USD edges up against EGP early Sunday at local banks

The US dollar inched higher against the Egyptian pound on early Sunday across a number of local banks, according to published rates by 10:31 am.

Updated 4/26/2026 11:27:00 AM
Weekly Wrap: Top 10 Viral News Stories

Major headlines dominated the third week of April, with Omar Radwan named as the new Chairman and the government expanding its IPO program with the temporary listing of six companies among the most viral news stories.

Updated 4/23/2026 12:49:00 PM
Egypt’s financial inclusion rate reaches 77.6% in 2025: CBE

Egypt’s financial inclusion rate among citizens aged 15 and above reached 77.6% in December 2025, reflecting sustained growth in access to financial services, according to the Central Bank of Egypt's (CBE) latest financial inclusion and payment systems and services indicators.

Updated 4/23/2026 10:00:00 AM
No More Fancy Leather Wallets

A Couple of days ago, I was doing my regular shopping at a well-known hypermarket, and the cashier complained that no one had change. I thought this might have something to do with high inflation rates. Currently, the purchasing power of a 200-Egyptian-pound banknote (EGP) is weak. I checked the Central Bank of Egypt (CBE) website and found that the EGP 200 note has the highest circulation among other banknotes.

Updated 11/28/2024 1:43:00 AM
Greenfield FDI is not necessarily green

Securing more hard currency is at the top of the Egyptian government’s economic agenda in 2024. The five major sources of hard currency are expected to remain the same for a while. These sources are merchandise exports, remittances of Egyptians working abroad, tourism revenues, foreign direct investment (FDI), and Suez Canal revenues. The government is willing to triple the inwards from these sources to reach $300 billion by 2023, according to the Egyptian Cabinet.

Updated 1/8/2024 10:17:00 AM
Devaluation, Depreciation, Flotation, and Correction are Not the Same

Exchange rate movements are the talk of the town. Everybody wants to be updated with the dollar price in the parallel market. Before the regular meeting of the Monetary Policy Committee (MPC), rumors started to spread widely about another devaluation of the Egyptian pound. However, people usually mix between four economic terminologies. Devaluation is not similar to depreciation and is different from flotation and correction.

Updated 11/13/2023 12:53:00 PM
The evolution of Egyptian digital banks

With the rise of digital banks and neobanks in recent years, the banking sector has undergone tremendous upheaval. By giving customers more options and convenience than ever before, these new businesses are upending the conventional banking model.

Updated 7/17/2023 11:00:00 AM
What Now After Hiking Rates in Egypt?

The Central Bank of Egypt (CBE) did it! The Monetary Policy Committee (MPC) raised policy rates last Thursday night by 200 basis points (bps), mostly matching economists’ estimates. Investors will now start to wonder what is next.

Updated 4/2/2023 12:37:00 PM