The Central Bank of Egypt (CBE) issued treasury bills (T-bills) with an aggregated value of EGP 90 billion through two ...

Governor Hassan Abdalla met on Tuesday with his Nigerian counterpart Olayemi Cardoso to discuss expanding bilateral cooperation in banking and financial services, the CBE said in a statement.Talks at ...

CAIRO (Reuters) -Egypt's central bank kept key interest rates unchanged on Thursday, pausing a trend of rate reductions despite inflation rates easing. The bank’s monetary policy committee held the ...

Temenos , a global leader in banking technology, today announced that MIDBANK has successfully gone live with Temenos, completing a full replacement of its legacy systems with Temenos’ core banking ...

Egypt's central bank has been working to reduce inflation, which has trended downwards from a peak of 38% in September 2023. Annual headline inflation stood at 13.9% in April, just up from 13.6% ...

The Central Bank of Egypt (CBE) is expected to hike its overnight interest rates by 150 basis points on Thursday as it keeps battling inflation after a series of currency devaluations, a Reuters ...

The central bank most recently raised rates by 200 bps at a surprise meeting on Oct. 27, the same day it devalued its currency by 14.5% and announced it had signed a $3 billion financial support ...

CAIRO (AP) — Egypt’s central bank governor resigned Wednesday as the Middle East’s most populous nation struggles to curb inflation triggered by Russia’s war in Ukraine, high oil prices ...

Business Egypt: Central Bank hikes interest rates to limit inflation Dec. 22, 2022 at 3:20 pm Updated Dec. 22, 2022 at 4:32 pm By The Associated Press ...

As forecast by analysts, the bank left its lending rate at 19.25% and deposit rate at 18.25%, its Monetary Policy Committee (MPC) said in a statement. "Going forward, real GDP growth is expected ...

Egypt’s central bank on Thursday kept its benchmark interest rate unchanged for the third consecutive meeting as inflation stabilized, a move that might shore up the attractiveness of local ...

Egypt’s central bank sold $1.5 billion to banks in an exceptional auction to help cover importers’ foreign currency refinancing needs, just days after it devalued the local currency.