CBE

Egypt's Central Bank keeps interest rates unchanged during May meeting

Thu, 18 May 2023 - 06:58 GMT

The discount rate was also kept at 18.75 percent.

Axis obtaining CBE’s license for its open-loop mobile wallet

Wed, 17 May 2023 - 04:46 GMT

The digital payments platform for small businesses, axis, launched its services in partnership with Visa. This is after the platform obtained a license from the Central Bank of Egypt (CBE) for its open-loop mobile wallet.

CBE’s financial sector cybersecurity center becomes Egypt’s first to join global cybersecurity forum

Wed, 17 May 2023 - 11:07 GMT

EG-FinCIRT's achievement is in line with the Central Bank's strategic focus on strengthening cyber security within the financial and banking sector

Egypt's central bank issues LE 1B in T-bonds Monday

Mon, 08 May 2023 - 03:11 GMT

The T-bonds were offered in one installment at LE 1 billion with a three-year term.

Egypt’s authorities release 237K tons of corn, soybeans worth $107M stuck at ports

Mon, 08 May 2023 - 02:07 GMT

Egypt’s Minister of Agriculture Elsayed al- Quseir, said that during the period from April 28 to May 3, 237K tons of corn and soybeans worth about $107 million, were released from ports, in an increase of 22,000 tons over last week.

Egypt's tourism revenues jump 25.7 percent in the second half of 2022, CBE

Thu, 04 May 2023 - 01:06 GMT

Egypt’s tourism revenues recorded $7.3 billion jumping to 25.7 percent during the second half of 2022

Egypt's tourism revenues jump to $7.3B in H2 of 2022

Wed, 03 May 2023 - 04:52 GMT

The CBE attributed the hike in tourism revenues to the increase in the number of tourist nights by 27.2 percent on an annual basis, to record about 78.4 million nights, and the increase in the number of tourists coming to Egypt by 27.5 percent, to reach about 6.8 million tourists.

Remittances from Egyptian expats record $12B in H2 of 2022: CBE

Wed, 03 May 2023 - 03:38 GMT

The remittances from Egyptian expatriates declined during the third quarter of 2022 (July-September) by 20.9 percent, recording $6.4 billion, down from $8.1 billion during the same quarter of 2021.

Egypt's central bank issues LE 2B in T-bonds Monday

Mon, 01 May 2023 - 11:55 GMT

The T-bonds were offered in one installments with a variable return at LE 3 billion with a three-year term.

Egypt's central bank issues LE 40B in T-bills Sunday

Sun, 30 Apr 2023 - 03:15 GMT

The T-bills were offered in two installments, with the first valued at LE 22.5 billion with a 91-day term.

Banks operating in Egypt to be off next Thursday

Thu, 27 Apr 2023 - 02:46 GMT

The Central Bank said that work in banks will resume on the morning of Sunday, May 7.

Egypt's central bank issues LE 39.5B in T-bills Thursday

Thu, 27 Apr 2023 - 02:35 GMT

The T-bills were offered in two installments, with the first valued at LE 16 billion with a 182-day term.

Central Bank takes steps to overcome economic impact of COVID-19, war in Ukraine

Sun, 16 Apr 2023 - 02:43 GMT

Abdullah explained that the central bank has been analyzing various models to understand the drivers behind inflation numbers.

Egypt's central bank announces Easter, Sham El-Nessim holidays

Mon, 10 Apr 2023 - 03:30 GMT

The Central Bank said that work in banks will resume on the morning of Tuesday, April 18th.

Egypt's annual core inflation records 39.5% in March: CBE

Mon, 10 Apr 2023 - 03:14 GMT

Core inflation discounts or strips out certain categories that are considered more volatile.

Egypt's central bank issues LE 1B in T-bonds Monday

Mon, 10 Apr 2023 - 02:24 GMT

The T-bonds were offered in one installments with a variable return at LE 1 billion with a three-year term.

CBE releases main indexes for financial inclusion for year 2022

Sat, 08 Apr 2023 - 10:51 GMT

Such indexes contribute to following upon development of services and financial products, the Bank said in a statement on Saturday.

Value of gold in Egypt's foreign reserves hikes to $7.950B by end of March

Thu, 06 Apr 2023 - 04:08 GMT

The CBE decided to amend the time period for following up the gold proceeds and excluding some cases related to the proceeds of gold export operations.

Egypt's central bank issues LE 39.5B in T-bills Thursday

Thu, 06 Apr 2023 - 03:02 GMT

The T-bills were offered in two installments, with the first valued at LE 16.5 billion with a 182-day term.

Egypt's foreign reserves increase $95M by end of March

Wed, 05 Apr 2023 - 01:54 GMT

Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan.

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