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El-Sisi issues decree forming CBE board for 1-year term

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.

Updated 12/23/2025 11:27:00 AM
IMF reaches staff-level agreement on Egypt’s 5th, 6th reviews under EFF

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).

Updated 12/23/2025 7:54:00 AM
Egypt's net foreign assets reach EGP 870.36B end-August: CBE

Net foreign assets (NFAs) of Egypt’s banking sector amounted to EGP 870.361 billion at the end of August 2025, an annual leap from EGP 473.261 billion, according to the Central Bank of Egypt (CBE).

Updated 10/2/2025 9:52:00 AM
Egypt’s net foreign reserves reach $49.25B end-August: CBE

Egypt’s net international reserves (NIR) amounted to $49.250 billion at the end of August 2025, according to the Central Bank of Egypt’s (CBE) data.

Updated 9/7/2025 10:29:00 AM
El-Khatib, Japanese companies explore investment opportunities in strategic sectors

Minister of Investment and Foreign Trade Hassan El-Khatib met with a group of major Japanese companies in Tokyo to discuss opportunities for cooperation and joint investment in key sectors

Updated 7/27/2025 7:36:00 AM
Remittances from Egyptians abroad hit $32.8B in 11 month

Remittances from Egyptians working abroad amounted to $32.8 billion during the period from July 2024 to May 2025, an annual leap of 69.6% from $19.4 billion

Updated 7/23/2025 3:18:00 AM
CBE returns bank withdrawal cap to EGP 250,000

The Central Bank of Egypt (CBE) issued an official letter to state-based lenders that the maximum daily cash withdrawal limit from branches has returned to its normal level of EGP 250,000, for both individuals and companies, effective on July 15th.

Updated 7/15/2025 11:54:00 AM
CBE, People's Bank of China sign MoU to boost financial cooperation

The Central Bank of Egypt (CBE) signed a memorandum of understanding (MoU) with the People's Bank of China (PBoC) to strengthen banking and financial ties between the two countries.

Updated 7/13/2025 6:58:00 AM
HC Securities expects CBE to maintain interest rates

HC Securities and Investment expects the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) to keep interest rates unchanged at its meeting on July 10th, 2025

Updated 7/6/2025 2:25:00 AM
Egypt’s BoP registers deficit of $502.6M in H1 FY2024/25

Egypt’s balance of payment (BoP) recorded an overall deficit of $502.6 million in the first half (H1) of fiscal year (FY) 2024/2025, compared to $409.6 million in H1 of FY 2023/24

Updated 5/6/2025 5:46:00 AM
Egypt's net foreign assets hit EGP 750.8B in March

Egypt’s net foreign assets reached EGP 760.839 billion in March 2025, compared to EGP 515.856 billion during February

Updated 5/5/2025 9:13:00 AM
Egypt's net foreign assets hit EGP 437.26B in January

Egypt’s net foreign assets (NFAs) hit EGP 437.261 billion in January 2025, higher than EGP 265.898 billion in December 2024, the Central Bank of Egypt (CBE) data showed.

Updated 3/3/2025 8:52:00 AM
Egypt’s Bank Deposits Hike

Updated 2/5/2025 10:10:00 AM
CBE sells EGP 1.9B T-bonds on December 17th

The Central Bank of Egypt (CBE) sells fixed treasury bonds (T-bonds) at a combined value of EGP 1.9 billion on December 17th.

Updated 12/18/2024 8:46:00 AM
EETC eyes EGP 68B LCs to import electrical equipment

The state-owned Egyptian Electricity Transmission Company (EETC) seeks to open letters of credit (LCs) worth EGP 68 billion ($1.3 billion).

Updated 12/16/2024 10:00:00 AM
Egypt’s NIR hit $46.952B end-November: CBE

Egypt’s net international reserves (NIR) reached $46.952 billion at the end of November, according to the Central Bank of Egypt (CBE).

Updated 12/8/2024 3:19:00 AM
Remittances from Egyptians Abroad Surge

Updated 11/18/2024 7:19:00 AM
Egyptian Remittances from Abroad Hike

Updated 9/16/2024 9:44:00 AM