Earlier today, Egyptian central bank governor Hassan Abdalla received African Development Bank (AfDB) president Akinwumi Adesina to inspect the final preparations for the AfDB’s Annual Meetings taking place in Sharm …
CBE
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Tomorrow, the activities of the annual meetings of the African Development Bank Group will begin in Sharm El-Sheikh from May 22 to 26, under the slogan “Mobilizing Private Sector Financing …
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According to a statement issued by CBE on Saturday, May 20, the Central Bank of Egypt (CBE) recently received “ISO 22301:2019” Certification in Business Continuity Management (BCM) from MSECB, a …
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The Central Bank of Egypt (CBE) just announced that banks operating in Egypt will be closed on Sunday and Monday, 16-17 April, on the occasion of the Christian holiday of …
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The Monetary Policy Committee (MPC) in its meeting on Thursday 30/3/2023 decided to raise the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of …
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Yesterday, March 30, Egypt’s central bank’s Monetary Policy Committee (MPC) raised the interest rates by 2% in response to the skyrocketing inflation. Moreover, the MPC raised the overnight deposit rate …
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The payment cards issued by banks operating in the Egyptian market, including instant payment cards, prepaid cards, and credit cards increased to 57.475 million in 2022, according to the Central …
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Egypt’s non-oil business sectors were responsible for the lion’s share of net foreign direct investment (FDI) inflows during the first quarter (1Q) of the current FY2022/2023 (July-September 2022), the Central …
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The US dollar exchange rate was stable at the beginning of Monday’s transactions at Egypt’s major banks. At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate …
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The Central Bank of Egypt (CBE) released regulations pertaining to payment card tokenization on electronic device applications on 8 March, according to the “Egyptian Streets” website. Once approved and implemented, …
