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
Foreign asset surplus in Egypt’s banking sector reaches $5.2bn in 2024
The Central Bank of Egypt (CBE) reported that the net foreign assets of the Egyptian banking sector recorded a surplus of $5.224bn (EGP 265.898bn) in December 2024, down from $5.95bn (EGP 295.6bn) in November. According to the CBE’s latest report,
CBE hosts Financial Stability Board’s RCG MENA Meeting in Sharm El-Sheikh
The Central Bank of Egypt (CBE), co-chair of the Regional Consultative Group for the Middle East and North Africa (RCG MENA), hosted the Financial Stability Board’s (FSB) RCG MENA Meeting in Sharm El-Sheikh on January 29-30, 2025. The event was
CBE receives 27 offers worth $1.241bn for local treasury bills tender
The Central Bank of Egypt (CBE) received 27 offers amounting to $1.241bn to cover a local treasury bills tender denominated in US dollars. The bank offered the tender on Monday, worth $1bn for 364 days, with a maturity date set
CBE to offer a $1bn treasury bill tender on Monday
The Central Bank of Egypt (CBE) will offer a $1bn local treasury bill tender on Monday. The proceeds of this tender will be directed to pay the maturity of a previous tender that was offered on February 6, 2024, through
Finance Ministry to issue 29 T-bills, bonds worth EGP 641bn in February
The Ministry of Finance announced plans to issue 29 treasury bills (T-bills) and bonds worth EGP 641bn in February to refinance maturing debt and cover the state’s budget deficit. The offerings include 16 treasury bills totaling EGP 580bn and 13
CBE’s net foreign assets reach $11.64bn surplus in December 2024
The Central Bank of Egypt (CBE) reported a surplus in its net foreign assets for December 2024, marking the eighth consecutive month of growth. The surplus reached $11.64bn (EGP 592.469bn), slightly down from the previous month’s surplus of $11.79bn (EGP
CBE explains decline in inflation during December 2024
Annual urban headline inflation decreased to 24.1% in December 2024, down from 25.5% in November 2024, marking the lowest rate in two years. This decline is primarily driven by a reduction in food inflation, which steadily decreased over the course
CBE reveals developments in Egypt’s external debt as of June 2024
Egypt’s external debt reached $152.9bn in June 2024, marking a decrease of approximately $11.8bn (7.2%) compared to June 2023. This decline resulted from several factors, including the conversion of around $11bn in UAE deposits at the CBE into investments for
Egypt’s foreign trade surpasses $104.7bn in FY 2023/24: CBE
Egypt’s foreign trade reached approximately $104.7bn in the fiscal year 2023/2024, as reported by the Central Bank of Egypt (CBE). This total comprises $72.1bn in imports and $32.6bn in exports, marking a significant volume of trade with global partners. According