The acting Assistant Governor of the Central Bank of Egypt (CBE) for Banking Operations and Payment Systems, Mohamed Amer, announced that the bank’s digital transformation efforts—driven by advanced technological solutions …
Central Bank of Egypt
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EconomyHighlights
FATF Recognizes Egypt as Global Model for Balancing Financial Inclusion and Anti-Money Laundering Compliance
The Financial Action Task Force (FATF) has officially recognized Egypt’s experience as a global best practice in balancing financial inclusion with robust compliance to anti-money laundering (AML) and counter-terrorism financing …
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As part of the Memorandum of Understanding (MoU) signed between the Central Bank of Egypt (CBE) and the Ministry of Communications and Information Technology (MCIT) to enhance youth skills through …
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Egypt’s official gold reserves have reached 128.6 metric tons as of mid-2025, according to the latest data from the World Gold Council, positioning the country as a major player in …
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EconomyHighlights
Egypt Expands Card Tokenization Services to Android Devices in Push for Digital Payments
The Central Bank of Egypt (CBE) has announced a major step forward in the country’s digital finance transformation, confirming that it is working with local banks to launch card tokenization …
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EconomyHighlights
Egypt’s Financial Inclusion Hits 74.8% by End of 2024, Driven by Youth and Women Empowerment
The Central Bank of Egypt (CBE) announced that 74.8% of citizens aged 15 and above now have access to and actively use formal financial accounts. This includes accounts with banks, …
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EconomyHighlights
President Sisi Renews Hassan Abdalla’s Term as CBE’s Acting Governor, Banking Expert Sahar El-Damaty Hails Decision
Egyptian President Abdel Fattah El-Sisi has issued a presidential decree renewing the appointment of Hassan Abdalla as Acting Governor of the Central Bank of Egypt (CBE) for an additional one-year …
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HighlightsWomen on Top
Al Tadamun Microfinance Foundation and Banque Misr Forge EGP 200 Million Credit Line to Elevate Women-Led Microenterprises
Al Tadamun Microfinance Foundation has entered into a strengthened strategic partnership with Banque Misr, expanding its existing credit facility to EGP 200 million. The agreement targets the empowerment of women entrepreneurs and reinforces Egypt’s …
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HighlightsNews
CBE Signs Strategic MoU with “Hayah Karima” Foundation to Promote Sustainable Social Development and Economic Empowerment
Egypt’s Central Bank of Egypt (CBE) has signed a Memorandum of Understanding (MoU) with the “Hayah Karima” Foundation, a prominent entity spearheading social development across Egypt’s most vulnerable communities. The …
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EconomyHighlights
CBE Gears Up for Phase Two of Digital Remittance Project in Cooperation with 12 banks
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 …
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