The Central Bank of Egypt (CBE) has announced preparations for the launch of the second phase of its project to digitize remittances from Egyptians working abroad, with the participation of …
CBE
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The Central Bank of Egypt (CBE) has announced a collaborative initiative with local banks to offer free account openings to citizens without any minimum balance requirements. This campaign, running until …
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Governor of the Central Bank of Egypt, Mr. Hassan Abdallah, met with Dr. Alfred Hannig, the CEO of the Alliance for Financial Inclusion (AFI), on Monday, April 7, 2025. The …
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EconomyHighlights
CBE Reports 295% Growth in Women’s Financial Inclusion, Partners with USAID and Pathfinder
The Central Bank of Egypt (CBE) has launched its annual Financial Inclusion for Women initiative, coinciding with International Women’s Day. The event, running from March 8th to the end of …
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In a significant display of Egypt’s commitment to global economic cooperation, Mr. Hassan Abdullah, Governor of the Central Bank of Egypt, led the Egyptian delegation to the 2025 G20 …
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Egyptian banks are projected to maintain robust net interest margins (NIMs), according to a new analysis by Fitch Ratings. The firm’s assessment, released Wednesday, indicates that while profitability metrics may …
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Under the leadership of the Central Bank of Egypt (CBE), Egypt’s banking sector has made remarkable progress toward achieving the United Nations’ Sustainable Development Goals (SDGs). In a statement …
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EconomyHighlights
Egyptian Banks Launch Savings Products with Variable Yields Ahead of Expected Interest Rate Cuts
As the Egyptian Central Bank is anticipated to reduce interest rates for the first time in four years, Egyptian banks are proactively offering savings products with variable returns, linked …
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The Central Bank of Egypt announced on Sunday that the country intends to issue $1 billion in dollar-denominated Treasury bills with a one-year maturity on Monday, with settlement scheduled …
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EconomyHighlights
President Sisi Approves Egypt’s Subscription to Capital Increase in IFC; Government Plans to Borrow $39B in Q1 2025
Egypt’s President, Abdel Fattah El-Sisi, issued Decree No. 110 for 2024, approving Egypt’s subscription to the capital increase of the International Finance Corporation (IFC), with a contribution of 28,940 shares. …