CBE to decide on interest rate today amid expectations of third consecutive hold – Dailynewsegypt
The Central Bank of Egypt (CBE) will determine on Thursday, the fate of the Egyptian pound’s interest rate. Market analysts widely anticipate that the CBE will opt to maintain the current rates for the third consecutive time. The Monetary Policy
Ministry of Finance to issue EGP 506.5bn in T-bills, bonds in September – Dailynewsegypt
The Egyptian Ministry of Finance plans to issue 26 treasury bills and bond offerings worth EGP 506.5bn in September. This includes 16 treasury bill offerings totalling EGP 480bn and 10 bond offerings valued at EGP 26.5bn. The Central Bank of
Egypt to launch first digital bank by Q4 2024 following CBE’s approval – Dailynewsegypt
The Information and Decision Support Center (IDSC) of the Egyptian Cabinet has announced that Egypt is set to launch its first digital bank in the fourth quarter of 2024. This follows the initial approval granted by the Central Bank of
Egyptian banking sector records $13.25bn NFA surplus in July, marking continued growth – Dailynewsegypt
The Central Bank of Egypt (CBE) announced that the net foreign assets (NFA) of the Egyptian banking sector achieved a surplus of $13.25bn (EGP 644.764bn) in July 2024. This marks an increase from the previous month’s surplus of $13.02bn (EGP
CBE withdraws EGP 947.1bn from banks in open market operations at 27.75% interest rate – Dailynewsegypt
The Central Bank of Egypt (CBE) withdrew EGP 947.1bn from 32 banks in open market operations on Tuesday, at an interest rate of 27.75%. This action follows the CBE’s recent decision to amend its bid acceptance policies. Last week, the
CBE, Baheya launch breast cancer initiative for banking women – Dailynewsegypt
Your Health is a Commitment" initiative includes early detection of breast cancer, free treatment services, awareness seminars
Inflation dynamics normalizing to pre-March 2022 patterns: CBE – Dailynewsegypt
Inflation is projected to stabilise around current levels in 2024, with significant decline anticipated in H1 2025
Opinion| Egypt’s banking revolution: CBE approves launch of first digital bank – Dailynewsegypt
Historic achievement that signifies major step forward in country's digital transformation within banking sector
Investment banks predict CBE to maintain unchanged rates for second consecutive meeting – Dailynewsegypt
Analysts anticipate unchanged rates amidst decreasing inflation
Financial position of banks in Egypt increases to EGP 15.429trn in February 2024: CBE – Dailynewsegypt
Customer deposits in banks jump to EGP 10.617trn, credit facilities rise to EGP 5.783trn