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
Egyptian banks report record profits of EGP 534.8bn in 2024
Banks operating in the Egyptian market recorded net profits of EGP 534.8bn in 2024, compared to EGP 283.4bn at the end of 2023, the Central Bank of Egypt (CBE) revealed on Wednesday. The CBE’s report also indicated that the total
Bank of Tanzania delegation visits CBE to gain insights into Egypt’s pioneering cybersecurity model
As part of Egypt’s commitment to strengthening cooperation with African nations, the Central Bank of Egypt (CBE) hosted a technical delegation from the Bank of Tanzania (BoT) specializing in cybersecurity. The visit focused on Egypt’s pioneering cybersecurity experience in the
Islamic banking in Egypt increases to EGP 1.14trn in 2024
The Islamic banking sector in Egypt reached EGP 1.14trn in 2024, representing approximately 5% of the total banking market, according to Mohamed El-Beltagy, Chairperson of the Egyptian Islamic Finance Association (EIFA). This marks an increase of EGP 412bn compared to
Finance Ministry to issue EGP 730bn in T-bills, bonds in March
The Ministry of Finance has unveiled its plan to issue 32 treasury bill (T-bill) and bond auctions in March, totaling EGP 730bn. This includes 16 treasury bill auctions worth EGP 640bn and 16 bond auctions amounting to EGP 90bn. The
CBE hosts Bank of Tanzania delegation to strengthen African financial cooperation
As part of Egypt’s commitment to deepening ties with African nations, the Central Bank of Egypt (CBE) has welcomed a high-level delegation from the Bank of Tanzania (BOT), led by its Deputy Governor. The visit aligns with the joint cooperation
Egypt’s financial inclusion rate hits 74.8%, with 52 million using transaction accounts
Financial inclusion rates in Egypt continue to rise, with approximately 52 million citizens now using transaction accounts. The Central Bank of Egypt (CBE) announced on Tuesday that financial inclusion rates had reached 74.8% by the end of 2024, marking a
Egypt’s banking sector expands sustainable finance initiatives
Egypt’s banking sector, under the leadership of the Central Bank of Egypt (CBE), is intensifying its commitment to sustainable finance, playing a pivotal role in achieving the country’s Sustainable Development Goals (SDGs) and Vision 2030. Banks across the nation are
Gold hits record highs amid market uncertainty, CBE purchases
Gold prices surged in local markets on Saturday, coinciding with the weekend closure of global stock exchanges. This follows an eighth consecutive week of gains, with gold rising by 1.8% amid heightened global uncertainty and strong Central Bank of Egypt’s
Egypt’s net foreign asset surplus reaches $11.99bn in January 2025
The Central Bank of Egypt (CBE) recorded a net foreign asset (NFA) surplus of $11.99bn (EGP 603.06bn) in January 2025, up from $11.64bn (EGP 592.47bn) in December 2024. Net foreign assets, which represent the difference between the CBE’s foreign currency