The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to keep its key policy rates unchanged on Thursday, May 21st

The Egyptian Exchange (EGX) announced that trading will be suspended from Tuesday, May 26th, until Sunday, May 31st, on the occasion of the Eid Al-Adha holiday.

The Central Bank of Egypt (CBE) announced suspension of operations at all banks operating in Egypt, starting Tuesday, May 26th, to Sunday, May 31st, on the occasion of Arafat Day observance and Eid El-Adha.

President Abdel Fattah El-Sisi met with Governor of the Central Bank of Egypt (CBE), Hassan Abdallah, and discussed ongoing efforts to reduce inflation, boost dollar inflows, and secure foreign currency reserves,

Minister of Investment and Foreign Trade Mohamed Farid held a meeting with Haytham El Maayergi, Executive Vice President of African Export-Import Bank (Afreximbank), to discuss prospects for joint cooperation.

The Egyptian Exchange (EGX) is working to transform into a financing platform supporting national projects and productive sectors through the development of market tools and trading mechanisms, alongside efforts to improve operational efficiency and attract more local and foreign investments, according to Omar Radwan, Chairman of the EGX.

Commercial International Bank Egypt (CIB) plans to launch its digital bank, Yomo, in Egypt during the fourth quarter (Q4) of 2026 as part of its strategy to expand digital banking services.

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), and George Elombi, President and Chairman of African Export-Import Bank (Afreximbank), held a joint press briefing to address preparations for the 33rd Afreximbank Annual Meetings (AAM2026).

Egypt’s exchange-rate flexibility has alleviated the impact of moderate capital outflows on the country’s foreign exchange (FX) reserves, limiting the effects of the US-Iran war on the country’s ‘B’/stable sovereign rating, Fitch Ratings noted in its latest report.

In this factsheet, we review key indicators related to Egypt’s building materials market, focusing mainly on the steel and cement sectors.

The second week of May brought a series of developments that continued to shape Egypt’s economic landscape, most notably the decision by EgyptERA to increase electricity prices for several economic and service sectors.

In this factsheet, we provide an overview of the performance of the key macroeconomic and monetary indicators in Egypt during the first quarter (Q1) of 2026.

Prime Minister Mostafa Madbouly reviewed the government’s plan to manage the financial needs nessesary to provide more fuel reserves before the summer season and throughout the fiscal year (FY) 2026/2027.

The Central Bank of Egypt (CBE) signed a memorandum of understanding (MoU) with the COMESA Competition and Consumer Commission (CCCC) to enhance cooperation in competition protection at the regional level.

Egypt’s annual headline inflation is projected to accelerate throughout the year before gradually moving downward by the second half of 2027, averaging 17% and 13% in 2026 and 2027, respectively, according to the latest Monetary Policy Report by the Central Bank of Egypt (CBE).

The value of interbank payments executed in EGP through the Real-Time Gross Settlement (RTGS) system reached EGP 105.239 trillion during the first four months of 2026.

The Central Bank of Egypt (CBE) offered fixed-rate treasury bonds (T-bonds) on Sunday, May 10th, with a total value of EGP 15 billion.

Egypt’s annual core consumer price index (CPI) inflation declined to 13.8% in April 2026, compared to 14% in March, according to the Central Bank of Egypt’s (CBE) data.

Egypt recorded net international reserves (NIR) of $53.009 billion at the end of April 2026, according to the Central Bank of Egypt’s (CBE) data.

The first week of May wrapped up with notable economic developments, as Egypt’s non-oil private sector recorded a sharp deterioration in operating conditions in April, with persistent price pressures weighing on both new orders and output.

A Couple of days ago, I was doing my regular shopping at a well-known hypermarket, and the cashier complained that no one had change. I thought this might have something to do with high inflation rates. Currently, the purchasing power of a 200-Egyptian-pound banknote (EGP) is weak. I checked the Central Bank of Egypt (CBE) website and found that the EGP 200 note has the highest circulation among other banknotes.

Securing more hard currency is at the top of the Egyptian government’s economic agenda in 2024. The five major sources of hard currency are expected to remain the same for a while. These sources are merchandise exports, remittances of Egyptians working abroad, tourism revenues, foreign direct investment (FDI), and Suez Canal revenues. The government is willing to triple the inwards from these sources to reach $300 billion by 2023, according to the Egyptian Cabinet.

Exchange rate movements are the talk of the town. Everybody wants to be updated with the dollar price in the parallel market. Before the regular meeting of the Monetary Policy Committee (MPC), rumors started to spread widely about another devaluation of the Egyptian pound. However, people usually mix between four economic terminologies. Devaluation is not similar to depreciation and is different from flotation and correction.

With the rise of digital banks and neobanks in recent years, the banking sector has undergone tremendous upheaval. By giving customers more options and convenience than ever before, these new businesses are upending the conventional banking model.

The Central Bank of Egypt (CBE) did it! The Monetary Policy Committee (MPC) raised policy rates last Thursday night by 200 basis points (bps), mostly matching economists’ estimates. Investors will now start to wonder what is next.