The Central Bank of Egypt (CBE) and the African Export-Import Bank (Afreximbank) have signed a memorandum of understanding (MoU) to establish a specialized gold bank serving the African continent, a move aimed at strengthening central bank reserves, formalizing gold trading, and reducing reliance on refining and trading centers outside Africa

Banks in Egypt will be off on Thursday, January 1st, in celebration of the New Year, the Central Bank of Egypt (CBE) announced.

Egypt’s Ministry of Finance is set to issue EGP 5 billion in three-year local sovereign sukuk through an auction scheduled for Monday, December 29th, with settlement due on Tuesday, December 30th, according to data released by the Central Bank of Egypt.

The number of credit cards in Egypt increased by 61% over the past four years to reach around 6.7 million cards by the end of June, according to the latest data released by the Central Bank of Egypt.

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to cut its key policy rates by 100 basis points at its final meeting of 2025, citing its assessment of inflation developments and the economic outlook.

The fourth week of December ended with key developments in the economic sector, topped by the International Monetary Fund’s (IMF) agreement for Egypt’s fifth and sixth reviews under the EEF program.

Prime Minister Mostafa Madbouly said there will be no new burdens on Egyptian citizens until the end of the country’s economic reform program with the International Monetary Fund (IMF), stressing that the remaining targets under the program do not include measures that would affect households.

As Egypt approaches 2026, the trajectory of its monetary policy stands at a decisive crossroads. The Central Bank of Egypt (CBE) faces mounting pressure to recalibrate its framework in ways that strengthen transparency, flexibility, and credibility.

In this Factsheet, we highlight the recent surge in international gold prices, while shedding light on the local case in Egypt.

President Abdel Fattah El-Sisi has issued presidential decree No. 733 of 2025, forming the board of the Central Bank of Egypt (CBE) for a one-year term, effective November 27th.

The International Monetary Fund (IMF) has reached a staff-level agreement with Egypt on the fifth and sixth reviews under the Extended Fund Facility (EEF) and the first review under the Resilience and Sustainability Facility (RSF).

Remittances from Egyptians working abroad recorded a sharp increase during the first ten months of 2025, rising 42.8% year on year (YoY) to reach about $33.9 billion.

The Central Bank of Egypt (CBE) and the European Bank for Reconstruction and Development (EBRD) are launching a series of masterclasses (MasterTalks), in cooperation with the Federation of Egyptian Banks (FEB).

Arab Finance: Egypt’s annual core consumer price index (CPI) inflation recorded 12.5% in November 2025, lower than 12.1% last October.

The net international reserves (NIR) of Egypt amounted to $50.216 billion at the end of November 2025.

MidBank has offered a set of special benefits for persons with disabilities, including full waivers on administrative fees for opening bank accounts and the free issuance of a “Meeza” card from December 1st to 15th.

The second week of December closed with several notable developments, including the General Authority for Investment and Free Zones announcing the launch of the Cash Investment Incentive Guide to support industrial projects in Egypt.

Al Tawfeek Leasing Company (A.T. Lease) announced the completion of the first issuance of its first securitization program, with a total value of EGP 1.849 billion

Egypt’s external debt increased to $161.2 billion at the end of the previous fiscal year (FY) 2024/2025, rising by about $8.3 billion, or 5.5%, compared with the end of FY 2023/2024, according to the Central Bank of Egypt’s (CBE) External Position of the Egyptian Economy 2024/2025 report.

The General Authority for Investment and Free Zones (GAFI) announced the launch of the Cash Investment Incentive Guide, supporting industrial projects in Egypt.