HDB conducts cyberattack simulation in collaboration with Google Mandiant
The Housing and Development Bank (HDB) has conducted a tabletop exercise simulating a cyberattack, in collaboration with Google Mandiant, a global leader in cybersecurity and incident response. The exercise aimed to assess the efficiency and effectiveness of the bank’s cybersecurity
CBE, China’s National Financial Regulatory sign MoU to strengthen joint cooperation
In light of the historic ties between Egypt and China, Tarek El-Kholy, Deputy Governor of the Central Bank of Egypt (CBE), received Fu Wanjun, Vice Minister of the China National Financial Regulatory Administration (NFRA), and his accompanying delegation at the
FATF recognises Egypt’s experience as model for advancing financial inclusion within AML/CFT frameworks
The Financial Action Task Force (FATF) has recognised Egypt’s pioneering experience—led by the Central Bank of Egypt (CBE)—as an international best practice in promoting financial inclusion while ensuring compliance with anti-money laundering and counter-terrorist financing (AML/CFT) standards. Egypt’s experience was
CBE launches Banking Reform, Development Fund
As part of its ongoing efforts to advance Egypt’s banking sector in line with international best practices, the Central Bank of Egypt (CBE) has announced the launch of the Banking Reform and Development Fund, along with the formation of its
No intervention in foreign exchange market; it operates freely: CBE’s Deputy Governor
Rami Aboul Naga, Deputy Governor of the Central Bank of Egypt (CBE), confirmed that the bank is not intervening in the foreign exchange market, stating that there is currently no benefit to such intervention. “The market is responding and correcting
CBE governor meets AFI chief to discuss financial inclusion progress
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), met with Alfred Hannig, Chief Executive Officer of the Alliance for Financial Inclusion (AFI), on 7 April, in the presence of several CBE officials. During the meeting, Governor Abdalla expressed
US dollar surges EGP 0.53 at Sunday close
The official exchange rate of the US dollar at the Central Bank of Egypt (CBE) surged by EGP 0.53 on Sunday, closing at EGP 51.0564 for buying and EGP 51.1944 for selling, up from EGP 50.5296 and EGP 50.6669, respectively,
Net foreign assets in Egypt’s banking sector rise by $1.5bn in February 2025
The Central Bank of Egypt (CBE) announced that net foreign assets within the Egyptian banking system rose by approximately $1.5bn during February 2025, reaching $10.17bn (equivalent to EGP 515.856bn), up from $8.7bn (EGP 437.261bn) in January. According to a recent
CBE launches annual Women’s Financial Inclusion Event
As part of its commitment to enhancing women’s access to formal financial services, the Central Bank of Egypt (CBE) has launched the annual “Women’s Financial Inclusion Event.” The event, which runs from March 8—coinciding with International Women’s Day—until the end
Annual urban inflation drops sharply to 12.8% in February 2025: CBE
Egypt’s annual urban headline inflation fell significantly to 12.8% in February 2025, down from 24.0% in January, marking its lowest level in nearly three years. This sharp decline was largely driven by a favorable base effect and stable monthly price