Central Bank of Egypt (CBE)
Egypt sees significant decline in total external debt
Business
July 1, 2024
Egypt sees significant decline in total external debt
Egypt’s total external debt declined to US$160.607 billion during the first quarter of 2024, compared to $168.034 billion during the…
CBE raises daily withdrawals to LE30K from ATM machines
Business
April 16, 2024
CBE raises daily withdrawals to LE30K from ATM machines
The Central Bank of Egypt (CBE) on Monday moved to increase the daily maximum limit for cash withdrawals from ATMs…
CBE: Non-governmental deposits in foreign currencies record LE 1.571 trillion
Egypt
April 3, 2024
CBE: Non-governmental deposits in foreign currencies record LE 1.571 trillion
The Central Bank of Egypt (CBE) announced Tuesday that total non-governmental deposits in foreign currencies with banks operating in the…
CBE provides US$100 million to help provide basic commodities
Egypt
February 19, 2024
CBE provides US$100 million to help provide basic commodities
Egyptian Prime Minister Mostafa Madbouly held a meeting on Sunday to follow up on efforts to provide basic commodities in…
Raising interest rates constitutes a burden on investment: Investor
Business
February 4, 2024
Raising interest rates constitutes a burden on investment: Investor
The President of the Small and Medium Enterprises Investors Union and Vice President of the Investors Association, Alaa al-Sakaty, said…
Central Bank of Egypt refutes changing regulations on cash withdrawal limit
Egypt
February 1, 2024
Central Bank of Egypt refutes changing regulations on cash withdrawal limit
The Central Bank of Egypt (CBE) issued a statement refuting several rumors spread online regarding concerning the issuance of new…
CBE announces banks holiday for Police Day, January 25 Revolution
Egypt
January 22, 2024
CBE announces banks holiday for Police Day, January 25 Revolution
The Central Bank of Egypt will suspend work for banks across the country on Thursday, in celebration of the anniversary…
IMF begins review of Egypt’s economic reform program
Egypt
January 21, 2024
IMF begins review of Egypt’s economic reform program
An International Monetary Fund (IMF) team, led by the head of the fund’s mission to Egypt Ivanna Vladkova Hollar, began…
Central Bank of Egypt to soon allow ATM withdrawls for InstaPay users
Economy
December 30, 2023
Central Bank of Egypt to soon allow ATM withdrawls for InstaPay users
The Deputy Assistant Governor of the Central Bank of Egypt (CBE) for Banking Operations and Payment Systems Ehab Nasr announced…
UAE and Kuwait extending deposits reveals confidence in Egypt’s economy: Bankers
Business
December 2, 2023
UAE and Kuwait extending deposits reveals confidence in Egypt’s economy: Bankers
Banking experts said that the UAE and Kuwait’s extension of the deadline for deposits due soon to 2024 and 2026…