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No minimum balance – Egyptian banks offer free accounts for financial inclusion in April

No minimum balance – Egyptian banks offer free accounts for financial inclusion in April

The Central Bank of Egypt (CBE) issued a statement on Thursday, announcing that banks operating in the Egyptian market will…
Egypt, AFD sign sign nine agreements worth €262.3 million

Egypt, AFD sign sign nine agreements worth €262.3 million

Egypt and France have signed nine financing agreements following the high-level official visit of French President Emmanuel Macron to Cairo,…
Naguib Sawiris expects gold to hit US$5,000 per ounce

Naguib Sawiris expects gold to hit US$5,000 per ounce

Egyptian businessman Naguib Sawiris, chairman of Orascom Investment Holding, predicted that the price of gold would reach US$5,000 per ounce…
E-transfer fee hike: Banque Misr & Bank of Alexandria follow InstaPay’s lead

E-transfer fee hike: Banque Misr & Bank of Alexandria follow InstaPay’s lead

Banque Misr and Bank of Alexandria have decided to implement a new increase in the fees for money transfers through…
Egypt considers importing 15 new Liquefied natural gas shipments in 2025

Egypt considers importing 15 new Liquefied natural gas shipments in 2025

The Egyptian Ministry of Petroleum and Mineral Resources is considering importing more than 15 new Liquefied natural gas (LNG) shipments…
Egypt’s external debt fell by US$12.9 billion in 2024

Egypt’s external debt fell by US$12.9 billion in 2024

Reforms led by the Central Bank of Egypt (CBE) contributed to the country’s largest ever decline in external debt in…
Finance Ministry highlights initiatives to stimulate economic activity

Finance Ministry highlights initiatives to stimulate economic activity

The Ministry of Finance outlined several initiatives to stimulate economic activity, empower the private sector and support productive industries in…
Central Bank of Egypt announces increase in net foreign assets

Central Bank of Egypt announces increase in net foreign assets

The net foreign assets of the Egyptian banking system jumped by approximately US$1.5 billion during February, reaching $10.17 billion, compared…
Goldman Sachs lowers US yield outlook, cites tariff-driven slowdown

Goldman Sachs lowers US yield outlook, cites tariff-driven slowdown

Goldman Sachs has lowered its forecasts for US debt yields by the end of 2025, citing the potential for an…
Transfer and inquiry fees implemented on InstaPay starting Tuesday

Transfer and inquiry fees implemented on InstaPay starting Tuesday

New fees for transfer and inquiry services on the “InstaPay” application have come into effect on Tuesday, April 1, 2025.…
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