Saturday 28 Dec

Central Bank

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 offers real-time foreign remittance service
2024/12/05

Central Bank offers real-time foreign remittance service

As part of its ongoing efforts to bolster the electronic financial services infrastructure, accelerate digital transformation, and foster a less cash-reliant society, the Central Bank...

Dollar breaks 50-pound mark
2024/12/05

Dollar breaks 50-pound mark

For the first time since the exchange rate was liberalized, the US dollar surpassed the 50-pound mark in official transactions on Thursday morning. Several public...

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...

Remittances from Egyptians abroad soared 107.7%
2024/11/25

Remittances from Egyptians abroad soared 107.7%

In a positive economic indicator, remittances from Egyptians working abroad surged by a significant 107.7% in September, reaching $2.7 billion.

Sisi orders supply boost for industry, production
2024/11/25

Sisi orders supply boost for industry, production

President Abdel Fattah El-Sisi met, Monday, with Dr. Moustafa Madbouly, Prime Minister, and Hassan Abdullah, Governor of the Central Bank. During the meeting, they reviewed...

Morgan Stanley expects status quo on Egypt rates
2024/11/19

Morgan Stanley expects status quo on Egypt rates

Morgan Stanley expects the Central Bank of Egypt to maintain interest rates unchanged at its Monetary Policy Committee meeting the coming Thursday.