Egypt’s exchange-rate flexibility has alleviated the impact of moderate capital outflows on the country’s foreign exchange (FX) reserves, limiting the effects of the US-Iran war on the country’s ‘B’/stable sovereign rating, Fitch Ratings noted in its latest report.

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

First Abu Dhabi Bank Misr (FABMISR) recorded a 31% year-on-year (YoY) growth in core operating performance during the first quarter (Q1) of 2025 after neutralizing the impact of foreign exchange (FX) rates

The state-run Banque Misr has implemented a fresh monthly limit on overseas cash withdrawals for credit card holders.

JP Morgan has decided to exclude Egypt from its Government Bond Index-Emerging Markets (GBI-EM) index.