Sunday 22 Dec

Central Bank of Egypt

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...

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.

Central Bank to offer The United Bank shares on the stock exchange
2024/09/22

Central Bank to offer The United Bank shares on the stock exchange

The Central Bank of Egypt (CBE) has decided to offer a portion of the shares of The United Bank on the Egyptian Exchange. The offering...

Gold prices fluctuate, dollar steady
2024/08/24

Gold prices fluctuate, dollar steady

The price of gold in Egypt has fluctuated significantly since Friday, primarily due to shifting global gold prices. Despite the US dollar exchange rate remaining...

Central Bank: Foreigners can now open bank accounts
2024/08/11

Central Bank: Foreigners can now open bank accounts

The Central Bank of Egypt announced today, Sunday, that foreign non-residents can now open bank accounts in Egypt. These accounts allow for various banking services....