Central Bank of Egypt (CBE)

InstaPay now allows transactions from outside Egypt
Egypt

InstaPay now allows transactions from outside Egypt

The Instant Payment Network (InstaPay) now allows the use of InstaPay application and financial transactions in real time outside Egypt…
CBE releases main indexes for financial inclusion for year 2022
Egypt

CBE releases main indexes for financial inclusion for year 2022

The Central Bank of Egypt (CBE) has released main indexes for financial inclusion for year 2022. Such indexes contribute to…
NBE denies issuance of CDs at 30% interest rate
Business

NBE denies issuance of CDs at 30% interest rate

The National Bank of Egypt denied reports that the bank or any banks operating in Egypt had issued a new…
InstaPay transactions total LE112.7 bn in a year: CBE
Business

InstaPay transactions total LE112.7 bn in a year: CBE

The Central Bank of Egypt announced that the financial transactions that took place through instant payments network InstaPay during the…
Working hours for Egyptian banks during Ramadan 2023
Egypt

Working hours for Egyptian banks during Ramadan 2023

The Central Bank of Egypt (CBE) announced that working hours in banks for the banking sector employees during Ramadan 2023…
Egypt’s core inflation skyrocketed to a record 40.26% in February: CBE
Economy

Egypt’s core inflation skyrocketed to a record 40.26% in February: CBE

Data from the Central Bank of Egypt (CBE) showed a jump in the core inflation rate reaching 40.26 percent in…
CBE: US$ 4.1 billion in tourism revenues during the first quarter
Business

CBE: US$ 4.1 billion in tourism revenues during the first quarter

The Central Bank of Egypt revealed, in the Balance of Payments report, that tourism revenues rose by 43.5 percent to…
Egyptian expats in the US to support home economy with US$2 billion
Business

Egyptian expats in the US to support home economy with US$2 billion

The Egyptian community in the United States of America launched the “Be Positive, Egyptian” initiative to support the Egyptian economy,…
CBE announces new measures to control proceeds of gold exports
Egypt

CBE announces new measures to control proceeds of gold exports

The Central Bank of Egypt (CBE) issued on Sunday a circular to the banks on the requirements related to controlling…
Bloomberg: PIF prepares to acquire a bank in Egypt
Business

Bloomberg: PIF prepares to acquire a bank in Egypt

The Saudi Public Investment Fund is in advanced talks for the acquisition of The United Bank, which is owned by…
Back to top button