Cairo – The Central Bank of Egypt (CBE) unveiled treasury bills (T-bills) at a combined value of EGP 65 billion through two auctions on Monday, 7 July. The first tranche was valued at EGP 30 billion ...

Contact Creditech, the digital consumer finance arm of Contact Financial Holding, has entered into a strategic partnership ...

Egyptian Minister of Investment and Foreign Trade Hassan El Khatib announced the policy shift this week, confirming that the ...

Egypt's remittances from its overseas workers surged to $7.5 billion in the April-June quarter from $4.6 billion a year earlier, the Central Bank of Egypt said on Wednesday, a sign an IMF-inspired ...

Cairo – The Central Bank of Egypt (CBE) announced treasury bills (T-bills) valued at EGP 80 billion through two tranches on ...

Egypt's central bank has been working to reduce inflation, which has trended downwards from a peak of 38% in September 2023. Annual headline inflation stood at 13.9% in April, just up from 13.6% ...

Central bank figures show "M1" money supply, which includes domestic currency in circulation and demand deposits in Egyptian pounds, jumped by 31.1% in the year to end-June 2024, after growing 33. ...

Central bank figures show “M1” money supply, which includes domestic currency in circulation and demand deposits in Egyptian pounds, jumped by 31.1 percent in the year to end-June 2024, after ...

The Central Bank of Egypt is the central bank of Egypt. The bank's paid-up capital is 1000 million Egyptian pounds. The CBE Regulates banks and the banking system of Egypt; ...

Remittances from Egyptians residing abroad have reached a record-breaking $29.4 billion over a ten-month period, underscoring ...

Under the leadership of Hassan Abdalla, the Central Bank of Egypt (CBE) has undertaken ambitious reforms aimed at integrating marginalised groups into the formal economy. The CBE’s financial inclusion ...

Egypt pledged to the International Monetary Fund, in a $8bn financial support agreement signed in March, that it would reduce central bank lending to the government.