The Central Bank of Egypt (CBE) has lifted the withdrawal limit for individuals and companies. This new resolution, issued today, applies to withdrawals and deposits made through bank branches or …
Central Bank of Egypt
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An update has been made in line with the recent decision by the Egyptian government and the Central Bank of Egypt to raise interest rates by 6% on March 6. …
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Economy
Central Bank of Egypt Announces 6-Day Closure for Egyptian Banks for Eid Al-Fitr Holiday
by Nada Khaledby Nada KhaledIn light of the upcoming Eid Al-Fitr festivities, the Central Bank of Egypt (CBE) has announced that it will temporarily suspend the operations of all banks in Egypt from April …
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Economy
FinTech Egypt Launches “Women For Women In FinTech” Initiative to Help Female Entrepreneurs to Expand Their Projects
by Nada Khaledby Nada KhaledFintech Egypt, a division of the Central Bank of Egypt, recently launched an event called “Women for Women in FinTech”. The main objective of this event is to provide innovative …
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Economy
Banque Du Caire Receives Green Light for $1.2 Bn. Capital Boost
by Mona Yousefby Mona YousefBanque du Caire, a leading Egyptian bank, has received approval from the Central Bank of Egypt (CBE) to increase its issued and paid-up capital by EGP 9 billion, bringing it …
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The Central Bank of Egypt (CBE) recently released the key financial soundness metrics for Egyptian banks as of the end of 2023. According to a new report, CBE noticed a …
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On Sunday, the dollar fell from EGP 50.70 in some banks to EGP 47.76 to buy and EGP 47.90 to sell. Today, the dollar price at the Central Bank of …
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Economy
CBE Directs Egyptian Banks to Remove Credit Card Foreign Spending Limits
by Nada Khaledby Nada KhaledThe Central Bank of Egypt (CBE) has just instructed banks to remove limits on foreign spending for all credit cards. The bank’s decision aims to strengthen the stability of the …
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The Central Bank of Egypt (CBE) has just issued new rules for customers who do not provide proof of use for their credit cards abroad within 90 days of using …
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EconomyHighlights
Solidarity Minister Inaugurates “Herafy” Program to Support Small Entrepreneurs
by Nada Khaledby Nada KhaledOn Thursday, January 25, Egypt’s Minister of Social Solidarity, Dr. Nevine Al-Kabbag launched the “Herafy” or “Craftsman” Program, in collaboration with the Central Bank of Egypt and several Egyptian banks to …