USD stable against EGP Wednesday October 29 The US dollar recorded stable exchange rates against the Egyptian... Businessmen Team 29 Oct 2025 Dollar exchange rates in major Egyptian banks:Central Bank of Egypt (CBE):Buying: EGP 47.23 Selling...
Egyptian expat remittances up 47.2% in 8 months Remittances from Egyptians working abroad saw a sharp rise in... Businessmen Team 23 Oct 2025 The figure represents a 47.2 percent increase from the $18.1 billion recorded in the same period a...
Minister Al-Mashat hails credit rating boost as reform success Minister of Planning, Economic Development, and International Cooperation, Dr. Rania... Businessmen Team 22 Oct 2025 Participants included Dr. Moustafa El-Feky, Chairman of the Arab Media Centre, Tarek El Kholy, Depu...
PM, CBE Governor follow up on economic coordination, foreign reserves Prime Minister Dr. Moustafa Madbouly met this evening at the... Businessmen Team 21 Oct 2025 Cabinet Spokesman Counselor Mohamed El-Homsani said the meeting reviewed coordination efforts betwe...
CBE: industrial sector accounts for 61% of total loans The Central Bank of Egypt (CBE) revealed that the industrial... Businessmen Team 19 Oct 2025 The CBE said that the services sector ranked second with 28%. The trade sector followed with 10%, w...
FATF recognizes Egypt for advancing financial inclusion The Financial Action Task Force (FATF) has recognised Egypt's experience... Businessmen Team 14 Oct 2025 The inclusion of the Egyptian model was made in the FATF's updated guidance document released in Ju...
CBE: Monetary reforms prompted S&P to raise Egypt's rating The governor of the Central Bank of Egypt (CBE) welcomed... Businessmen Team 13 Oct 2025 CBE Governor Hassan Abdalla said the upgrade was a result of the monetary and structural reforms im...
Governor to head new Central Bank banking support fund The Central Bank of Egypt (CBE) has announced the launch... Businessmen Team 11 Oct 2025 The Fund’s board is chaired by CBE Governor Hassan Abdallah and includes a select group of banking...
QNB to launch digital bank in Egypt with EGP 2 bln capital Qatar National Bank (QNB) has received preliminary approval from the... Businessmen Team 09 Oct 2025 The new entity, which will operate under the name "EZ Bank," will be a subsidiary of QNB's local un...
CBE Cuts Interest Rates by 1% The Monetary Policy Committee of the Central Bank of Egypt... Businessmen Team 02 Oct 2025 The decision reflects the committee’s assessment of the latest inflation developments and outlook...
Urgent: Central Bank slashes interest rates by 1% The Monetary Policy Committee of the Central Bank of Egypt... Businessmen Team 02 Oct 2025 The rates were reduced to 21.00%, 22.00%, and 21.50%, respectively. The discount rate was also lowe...
Egyptian pound gains as US dollar falls The US dollar continued its decline against the Egyptian pound... Businessmen Team 02 Oct 2025 The Central Bank of Egypt (CBE) recorded the dollar at EGP 47.79 for buying and EGP 47.92 for selli...
