CBE to decide fate of EGP interest rates tomorrow
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its fourth scheduled meeting of the year on Thursday to decide the future of the central bank’s key policy rates, which serve as a
Banque Misr launches Riyadh branch, begins banking operations in Saudi Arabia
Banque Misr has officially launched its branch in Riyadh, marking the start of its banking operations in Saudi Arabia after completing all regulatory requirements and obtaining approval from the Saudi Central Bank (SAMA). The expansion reflects the growing economic partnership
Suez Canal Bank hosts first ‘Privé Day’ at Rehab branch
Suez Canal Bank launched its inaugural Privé Day at the Rehab branch, underscoring its strategic focus on enhancing customer engagement and elevating the premium banking experience. Organized by the retail banking and branches departments, the event introduced clients to the
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