Banks operating in Egypt adopt international ISO 20022 standard for financial transfers
In a pivotal step towards transforming Egypt’s digital payments infrastructure, the Central Bank of Egypt (CBE) announced the adoption of the international ISO 20022 standard across the Egyptian banking sector for SWIFT messaging in interbank financial transfers, effective 21 June
CBE prohibits financing for company formation, capital increases, and dividend distributions
The Central Bank of Egypt (CBE) has issued a directive requiring banks not to grant credit facilities to customers for the purpose of financing the capital of companies under incorporation, funding capital increases, or using bank financing to support cash
The Egyptian pound regains the initiative
Just a few weeks ago, most economic analyses were focused on the ability of the Egyptian pound to withstand a wave of external and domestic pressures that began with escalating geopolitical tensions in the region, rising oil prices, and the
CBE Governor explores enhanced cooperation with Tunisian counterpart
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), received Fathi Zouheir Nouri, Governor of the Central Bank of Tunisia, to discuss avenues of joint cooperation between the two institutions. During the meeting, Abdalla highlighted the deep-rooted historical ties
Inflation in May 2026: A Reassuring Decline and a Cautionary Signal
The key message in May’s data is that headline inflation continued to fall, while core inflation raised a yellow card to markets. Egypt’s inflation data for May 2026 carried a blend of positive signals and cautionary messages at the same
Egypt’s headline inflation eases to 14.6% in May; core rate steady at 13.8%
Egypt’s annual urban consumer price inflation eased to 14.6% in May 2026 from 14.9% in April, the Central Agency for Public Mobilisation and Statistics (CAPMAS) said in a statement on Wednesday, even as inflation on a monthly basis accelerated to
Egypt’s banking sector net foreign assets rise to $22.9bn in April 2026
The Central Bank of Egypt (CBE) announced that net foreign assets (NFAs) in Egypt’s banking sector rose to approximately $22.903bn, equivalent to EGP 1.229trn, in April 2026, up from $21.320bn, or EGP 1.164trn, in March. Net foreign assets are among
CBE expects inflation to accelerate through Q3 2026 before gradual decline towards target
The Central Bank of Egypt (CBE) expects annual headline inflation to accelerate through the third quarter (Q3) of 2026, driven partly by unfavourable base effects, supply-side pressures linked to ongoing regional conflict, exchange-rate movements and fiscal adjustment measures. Earlier on
Strong expectations for CBE to keep interest rates unchanged at Thursday meeting
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its third regular meeting of the year on Thursday to determine the direction of key interest rates, widely viewed as a leading indicator of
Al-Sisi reviews inflation, record reserves with CBE governor
Egyptian President Abdel Fattah Al-Sisi met with Central Bank of Egypt (CBE) Governor Hassan Abdalla to review inflation trends, foreign currency reserves, and overall economic performance amid ongoing regional geopolitical tensions. According to a presidential statement, the meeting assessed Egypt’s