Central Bank of Egypt (CBE)
CBE offers new instructions to facilitate use of credit cards outside Egypt
Business
October 29, 2023
CBE offers new instructions to facilitate use of credit cards outside Egypt
The Central Bank of Egypt issued new instructions to facilitate the use of credit cards abroad, with the aim of…
Banking expert explains CBE’s new decision on usage of credit cards abroad
Business
October 18, 2023
Banking expert explains CBE’s new decision on usage of credit cards abroad
Banking expert Mohamed Abdel-al explained that the Central Bank of Egypt’s decision to activate the maximum credit limit granted to…
Egypt’s gold reserves at $7.9 billion by the end of July: CBE
Business
August 7, 2023
Egypt’s gold reserves at $7.9 billion by the end of July: CBE
The Central Bank of Egypt announced that the value of gold listed in foreign exchange reserves by the end of…
Will Egyptian banks offer new high-yield CDs?
Economy
August 5, 2023
Will Egyptian banks offer new high-yield CDs?
Banking expert Tarek Metwally explained on Friday that the Central Bank of Egypt’s decision on raising interest rate by 100…
CBE: Mobile phone wallets up 20% to stand at 34 million by end of June
Egypt
July 27, 2023
CBE: Mobile phone wallets up 20% to stand at 34 million by end of June
The Central Bank of Egypt (CBE) announced that the total number of mobile phone wallets increased by nearly 20 percent…
Will Egypt raise key interest rates?
Business
July 11, 2023
Will Egypt raise key interest rates?
Economic experts anticipate the Central Bank of Egypt to fix interest rates during its next meeting, despite the US Federal…
Banks will go on holidays in Egypt for 6 days: CBE
Egypt
April 13, 2023
Banks will go on holidays in Egypt for 6 days: CBE
Banks operating in Egypt will be off for six days, starting from Thursday, April 20, 2023, until Tuesday, April 25,…
Egypt to issue LE20 polymer banknote
Business
April 11, 2023
Egypt to issue LE20 polymer banknote
TV host Youssef al-Husseini announced that a twenty-pound plastic (polymer) banknote will soon be issued, after citizens traded the ten-pound…
InstaPay now allows transactions from outside Egypt
Egypt
April 10, 2023
InstaPay now allows transactions from outside Egypt
The Instant Payment Network (InstaPay) now allows the use of InstaPay application and financial transactions in real time outside Egypt…
CBE releases main indexes for financial inclusion for year 2022
Egypt
April 8, 2023
CBE releases main indexes for financial inclusion for year 2022
The Central Bank of Egypt (CBE) has released main indexes for financial inclusion for year 2022. Such indexes contribute to…