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
Updated 12/30/2025 10:38:00 AM
Banks in Egypt will be off on Thursday, January 1st, in celebration of the New Year, the Central Bank of Egypt (CBE) announced.
Updated 12/28/2025 12:43:00 PM
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.
Updated 12/28/2025 10:03:00 AM
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.
Updated 12/25/2025 8:03:00 PM
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.
Updated 12/24/2025 4:42:00 PMRemittances 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.
Updated 12/21/2025 12:38:00 PM
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).
Updated 12/16/2025 10:48:00 AM
Arab Finance: Egypt’s annual core consumer price index (CPI) inflation recorded 12.5% in November 2025, lower than 12.1% last October.
Updated 12/11/2025 5:04:00 AM
The net international reserves (NIR) of Egypt amounted to $50.216 billion at the end of November 2025.
Updated 12/11/2025 4:54:00 AMEgypt’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.
Updated 12/7/2025 11:37:00 AM
Egypt's total deposits in foreign currencies declined to EGP 2.992 trillion at the end of October 2025, from EGP 3.047 trillion in September, according to data released by the Central Bank of Egypt (CBE).
Updated 12/2/2025 11:22:00 AM
Total non-governmental deposits in local currency at banks operating in Egypt increased to EGP 9.264 trillion by the end of October, up from EGP 9.157 trillion at the end of September, according to a report released by the Central Bank of Egypt.
Updated 12/2/2025 11:18:00 AMThe Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to maintain the interest rates unchanged, with the global economic growth showing signs of recovery
Updated 11/23/2025 7:37:00 AM
Subscribers to online and mobile banking services in Egypt hit 18 million, implementing 114 million transactions at a total value of EGP 11.7 trillion at the end of 2024, Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), announced.
Updated 11/19/2025 10:38:00 AMRemittances from Egyptians working abroad jumped to $30.2 billion in the first nine months of 2025, according to the Central Bank of Egypt (CBE) data.
Updated 11/17/2025 2:20:00 PMEgypt’s annual core consumer price index (CPI) inflation recorded 12.1% in October 2025, lower than 11.3% last September, according to the Central Bank of Egypt (CBE).
Updated 11/10/2025 3:49:00 AMThe net international reserves (NIR) of Egypt amounted to $50.071 billion at the end of October 2025.
Updated 11/9/2025 10:45:00 AMThe net foreign assets (NFAs) of Egypt’s banking sector hit EGP 996.148 billion at the end of September 2025, an annual leap from EGP 498.697 billion
Updated 11/4/2025 9:01:00 AMEgypt’s annual headline inflation is expected to average 14% and 10.5% in 2025 and 2026, respectively, the Central Bank of Egypt (CBE) highlighted in its latest Monetary Policy Report.
Updated 11/2/2025 7:27:00 AMThe Egyptian Exchange (EGX) halted trading on Beltone Financial Holding’s shares as of today's trading session, dated October 29th.
Updated 10/29/2025 10:53:00 AM