Central Bank of Egypt (CBE)

NBE denies issuance of CDs at 30% interest rate
Business

NBE denies issuance of CDs at 30% interest rate

The National Bank of Egypt denied reports that the bank or any banks operating in Egypt had issued a new…
InstaPay transactions total LE112.7 bn in a year: CBE
Business

InstaPay transactions total LE112.7 bn in a year: CBE

The Central Bank of Egypt announced that the financial transactions that took place through instant payments network InstaPay during the…
Working hours for Egyptian banks during Ramadan 2023
Egypt

Working hours for Egyptian banks during Ramadan 2023

The Central Bank of Egypt (CBE) announced that working hours in banks for the banking sector employees during Ramadan 2023…
Egypt’s core inflation skyrocketed to a record 40.26% in February: CBE
Economy

Egypt’s core inflation skyrocketed to a record 40.26% in February: CBE

Data from the Central Bank of Egypt (CBE) showed a jump in the core inflation rate reaching 40.26 percent in…
CBE: US$ 4.1 billion in tourism revenues during the first quarter
Business

CBE: US$ 4.1 billion in tourism revenues during the first quarter

The Central Bank of Egypt revealed, in the Balance of Payments report, that tourism revenues rose by 43.5 percent to…
Egyptian expats in the US to support home economy with US$2 billion
Business

Egyptian expats in the US to support home economy with US$2 billion

The Egyptian community in the United States of America launched the “Be Positive, Egyptian” initiative to support the Egyptian economy,…
CBE announces new measures to control proceeds of gold exports
Egypt

CBE announces new measures to control proceeds of gold exports

The Central Bank of Egypt (CBE) issued on Sunday a circular to the banks on the requirements related to controlling…
Bloomberg: PIF prepares to acquire a bank in Egypt
Business

Bloomberg: PIF prepares to acquire a bank in Egypt

The Saudi Public Investment Fund is in advanced talks for the acquisition of The United Bank, which is owned by…
Saudi Arabia extends term of US$ 5 billion deposit for CBE
Business

Saudi Arabia extends term of US$ 5 billion deposit for CBE

Saudi Arabia extended the term of a US$ 5 billion deposit with the Central Bank of Egypt, the Saudi Press…
Hani Genena reveals April as date of US dollar exchange rate stability
Business

Hani Genena reveals April as date of US dollar exchange rate stability

Egyptian economist Hani Genena announced that the Central Bank of Egypt’s increase interest rate by three percent in March came…
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