CBE

NilePreneurs, one of the initiatives of the Central Bank of Egypt (CBE), has offered nearly EGP 4.4bn worth of financing to about 6,000 small and medium enterprises and entrepreneurs since …

Against all odds, the Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) resolved on Thursday to increase key interest rates by one percent (100 basis points) at its first …

On the occasion of International Youth Day, all major banks in the Egyptian banking sector will be opening accounts for free and without a minimum limit, starting today, Tuesday, and …

The Central Bank of Egypt (CBE) has stated that the financial technology sector is one of the main pillars in developing Egypt’s banking and financial sector. Various solutions are presented …

The Central Bank of Egypt (CBE) announced today that the total number of mobile phone wallets increased by nearly 20% to stand at 34 M by the end of June …

During Seamless North Africa 2023, yesterday, the Deputy Governor of the Central Bank of Egypt (CBE), Rami Aboulnaga, affirmed that the bank’s strategy aims to transform Egypt into a regional …

Earlier today, The Central Bank of Egypt (CBE) signed two memoranda of understanding with the Central Bank of Nigeria (CBN) and the London Institute of Banking & Finance. The signing …

InstaPay, Egypt’s first and leading Payment Service Provider (PSP), plans to start charging transaction fees in early 2024. The software, which will be available in May 2022, will allow users …

According to CBE, Early Sunday’s transactions at Egypt’s biggest banks showed that the exchange rate of the US dollar against the Egyptian pound remained stable. The Central Bank stated that …

Earlier today, the Central Bank of Egypt announced a four-day holiday in celebration of the new Hijri Year and the July 23 Revolution anniversary, where all banking services will stop …