Egypt repays $6.4bn in external debt service in Q1 2025/26: CBE
The Central Bank of Egypt (CBE) said the government repaid $6.442bn in external debt service, covering both interest and principal, during the first quarter (Q1) of the 2025/2026 fiscal year, compared with $7.952bn in the same period of 2024/2025. In
Kiwe secures final CBE approval to launch social-centric fintech platform
Kiwe, the home-grown fintech startup designed around how people use money today, has received final approval from the Central Bank of Egypt (CBE) to launch its application and card in the Egyptian market. The milestone signals the arrival of a
Egypt’s current account deficit narrows to $9.5bn in H1 2025/26 on strong remittances
Egypt’s current account deficit narrowed by 13.6% to $9.5bn during the first half of the fiscal year (Fy) 2025/26 financial year, driven primarily by a 29.6% surge in remittances from Egyptians working abroad to $22.1bn, alongside robust foreign direct investment
CBE bars credit facilities for unregistered entities
The Central Bank of Egypt (CBE) has instructed banks not to grant or renew credit facilities to non-banking credit providers unless they are officially registered, assigned a CBE code, and recorded on its information network as well as with the
Strong expectations for CBE to hold interest rates
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its second regular meeting of the year, on Thursday, to decide on key interest rates, which serve as a strong indicator of the direction
Market awaits impact of 1% rate cut on savings, loans, and government debt
The Egyptian market is awaiting banks’ return to work on Sunday to assess how lenders will adjust interest rates on savings products and loan facilities following the decision by the Central Bank of Egypt (CBE) to cut key rates by
Strong expectations of 1-2% cut in EGP interest rates at CBE’s first meeting of 2026
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its first regular meeting of 2026 on Thursday to decide the fate of key policy rates – the main indicator of the short-term direction
FRA, CBE discuss boosting support for small businesses, women entrepreneurs
The Financial Regulatory Authority (FRA) held a coordination meeting with the Central Bank of Egypt (CBE) to discuss mechanisms for strengthening cooperation to raise financial inclusion levels and expand access to financial services, as well as to advance programmes supporting
CBE attracts $1.14bn in bids for dollar-denominated T-bill auction
The Central Bank of Egypt (CBE) received bids worth $1.141bn in its latest US dollar-denominated local Treasury bill auction, exceeding the offered amount of $950m, according to data published on the bank’s official website. The 364-day Treasury bills, offered on
CBE launches Soft POS service for contactless mobile payments to cut merchant costs
The Central Bank of Egypt (CBE) has officially launched a contactless electronic payment acceptance service that allows merchants to use smartphones and tablets as electronic points of sale (POS). The service utilizes Soft POS applications, enabling smart devices to function