Central Bank of Egypt (CBE)
Will Egyptian banks offer new high-yield CDs?
Economy
August 5, 2023
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
July 27, 2023
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
July 11, 2023
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
April 13, 2023
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
April 11, 2023
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
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…