Central Bank of Egypt (CBE)

CBE may cut interest rates by 6% in next 2 meetings: J.P. Morgan
Economy

CBE may cut interest rates by 6% in next 2 meetings: J.P. Morgan

American multinational financial firm J.P. Morgan anticipates interest rates in Egypt to be cut by six percent during the Central…
CBE announces bank working hours for Ramadan 2025
Egypt

CBE announces bank working hours for Ramadan 2025

The Central Bank of Egypt (CBE) issued a statement on Tuesday, specifying the working hours of banks during the holy…
Egypt’s external debt sees new rise despite Ras al-Hekma deal funds
Economy

Egypt’s external debt sees new rise despite Ras al-Hekma deal funds

Egypt’s external debt rose again during the first quarter of fiscal year 2024-2025 compared to the last quarter of the…
CBE extends exemption for individuals on transfer fees via InstaPay
Business

CBE extends exemption for individuals on transfer fees via InstaPay

The Board of Directors of the Central Bank of Egypt issued several decisions that include extending the exemption of customers…
Remittances from Egyptian expats at US$23.7 billion from January to October: CBE
Business

Remittances from Egyptian expats at US$23.7 billion from January to October: CBE

The Remittances of Egyptians working abroad has achieved successive leaps following the reform measures in March, increasing during October by…
Egypt launches tokenization for payment cards on mobile apps, Apple Pay service
Business

Egypt launches tokenization for payment cards on mobile apps, Apple Pay service

The Central Bank of Egypt (CBE) announced that it has launched the tokenization of payment cards on mobile applications and…
CBE maintains overnight deposit and lending rates
Egypt

CBE maintains overnight deposit and lending rates

The Monetary Policy Committee of the Central Bank of Egypt decided in its meeting on Thursday to maintain the overnight…
CBE allows receiving money from abroad via the InstaPay application
Egypt

CBE allows receiving money from abroad via the InstaPay application

The Assistant Sub Governor for Payment Systems and Services at the Central Bank of Egypt (CBE) Ehab Nasr said the…
CBE allows opening bank accounts from age 15 without guardian approval
Egypt

CBE allows opening bank accounts from age 15 without guardian approval

The Central Bank of Egypt (CBE) announced on Monday that banks will be allowed to open accounts for young people…
Egypt’s balance of gold in foreign reserves at US$ 11 billion
Business

Egypt’s balance of gold in foreign reserves at US$ 11 billion

The Central Bank of Egypt (CBE) announced on Monday that the balance of gold in Egypt’s foreign reserves rose to…
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