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 …
CBE
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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. …
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The Central Bank of Egypt (CBE) announced the launch of a new service on Monday, enabling instant money transfers from any location worldwide directly to Egypt. This service ensures the …
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EconomyHighlights
Egyptian Banks Embrace Apple Pay Tokenization, Ushering in Digital Payment Transformation
Several major Egyptian banks have activated card tokenization services through Apple Pay. This follows the Central Bank of Egypt’s (CBE) approval in February 2023 of new regulations allowing the technology. …
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Economy
Mauritanian Delegation Learns from Egypt’s Financial Inclusion and Literacy Strategies in Landmark Exchange
A delegation from the Financial Inclusion team at the Banque Centrale de Mauritanie (BCM) recently traveled to Egypt for a knowledge exchange program. The visit, organized in collaboration with the …