Central Bank of Egypt (CBE)
InstaPay now allows transactions from outside Egypt
Egypt
April 10, 2023
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
April 8, 2023
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
April 1, 2023
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
March 29, 2023
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
March 20, 2023
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
March 11, 2023
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
February 6, 2023
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
January 14, 2023
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
December 19, 2022
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
December 13, 2022
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…