Saturday 04 Jan

Central Bank

Dollar stable against Egyptian pound Thursday
2025/01/02

Dollar stable against Egyptian pound Thursday

The Egyptian pound has seen a period of relative stability against the US dollar on Thursday, January 2, 2025, following a decline of over 3%...

Madbouly: President directs CBE, Finance Ministry to coordinate on monetary policy
2025/01/01

Madbouly: President directs CBE, Finance Ministry to coordinate on monetary policy

At the first government meeting of the new year on Wednesday, Prime Minister Dr. Moustafa Madbouly emphasized directives from President Abdel Fattah El-Sisi on the...

Sisi: Boosting foreign reserves for industry, production
2024/12/31

Sisi: Boosting foreign reserves for industry, production

President Abdel Fattah El-Sisi met Tuesday, with Prime Minister Dr. Moustafa Madbouly, Governor of the Central Bank Hassan Abdullah, and Minister of Finance Ahmed Kouchouk.

CBE extends InstaPay fee waiver for individuals
2024/12/30

CBE extends InstaPay fee waiver for individuals

As part of Egypt’s Vision 2030 to foster digital transformation, the Board of Directors of the Central Bank of Egypt (CBE) has issued a set...

CBE funds Mansoura Liver Transplant Center
2024/12/29

CBE funds Mansoura Liver Transplant Center

The Central Bank of Egypt (CBE) has played a crucial role in equipping the new National Liver Transplant Center at Mansoura University. This state-of-the-art facility,...

Hisham Talaat warns: 32% interest rate unsustainable for businesses
2024/12/26

Hisham Talaat warns: 32% interest rate unsustainable for businesses

Hisham Talaat Moustafa, prominent businessman and CEO of Talaat Moustafa Holding Group (TMG), warned on Wednesday that the current 32% interest rate is unsustainable for...

Central Bank enables mobile payment card encoding
2024/12/12

Central Bank enables mobile payment card encoding

As part of the Central Bank of Egypt's efforts to support the transition towards a less cash-dependent society and to stimulate the expansion of electronic...

Central Bank of Egypt joins PAPSS
2024/12/03

Central Bank of Egypt joins PAPSS

In a continued effort to bolster regional banking relations and enhance economic cooperation with African nations, the Central Bank of Egypt has approved an agreement...