Central Bank of Egypt (CBE)

Will Egyptian banks offer new high-yield CDs?
Economy

Will Egyptian banks offer new high-yield CDs?

Banking expert Tarek Metwally explained on Friday that the Central Bank of Egypt’s decision on raising interest rate by 100…
CBE: Mobile phone wallets up 20% to stand at 34 million by end of June
Egypt

CBE: Mobile phone wallets up 20% to stand at 34 million by end of June

The Central Bank of Egypt (CBE) announced that the total number of mobile phone wallets increased by nearly 20 percent…
Will Egypt raise key interest rates?
Business

Will Egypt raise key interest rates?

Economic experts anticipate the Central Bank of Egypt to fix interest rates during its next meeting, despite the US Federal…
Banks will go on holidays in Egypt for 6 days: CBE
Egypt

Banks will go on holidays in Egypt for 6 days: CBE

Banks operating in Egypt will be off for six days, starting from Thursday, April 20, 2023, until Tuesday, April 25,…
Egypt to issue LE20 polymer banknote
Business

Egypt to issue LE20 polymer banknote

TV host Youssef al-Husseini announced that a twenty-pound plastic (polymer) banknote will soon be issued, after citizens traded the ten-pound…
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…
Back to top button