Minister of Investment and Foreign Trade Mohamed Farid Saleh held talks in Washington with Timothy Adams, CEO of the Institute of International Finance (IIF), to deepen cooperation aimed at increasing investments by American financial institutions and advancing Egypt’s expansion strategy in African markets.

This factsheet provides an in-depth assessment of the sector’s economic significance, examining its contribution to growth and its interconnections with other sectors, while also presenting an outlook on expected performance trends over the coming years.

S&P Global Ratings has affirmed Egypt’s sovereign credit rating at ‘B/B’ with a stable outlook, citing a balance between the country’s medium-term growth prospects and reform efforts against rising risks linked to a prolonged regional conflict.

Egypt’s annual core consumer price index (CPI) inflation recorded 14% in March 2026, compared to 12.7% in February.

The Central Bank of Egypt (CBE) has announced that all banks operating in Egypt will suspend operations on Sunday and Monday, April 12th and 13th, 2026, in observance of Coptic Easter and Sham El-Nessim.

The Egyptian economy witnessed remarkable developments across its various segments, including the energy sector, with Eni announcing a new discovery in the Eastern Mediterranean.

Economic growth in Egypt is forecast to slow slightly at 4.0% in 2026 before accelerating to 5.0% in 2027, according to the latest Allianz Research’s Economic Outlook 2026–2027.

ALEXBANK logged net profit after income tax valued at EGP 13.79 billion, marking a 34.8% year-on-year (YoY) leap.

Egypt-based fintech Lucky has raised $23 million in a Series B round, combining equity and debt, with participation from Disruptech Ventures, DPI via Nclude, and Suez Canal Bank

The Central Bank of Egypt (CBE) is likely to raise interest rates by 2% at its upcoming May and July meetings, Goldman Sachs expected in a recent report.

Arab Finance Interview with Bassel El Serafy, Vice Chairman of PARAGON | ADEER

The Central Bank of Egypt (CBE) and the Supreme Council for Media Regulation (SCMR) signed a cooperation protocol to strengthen oversight of digital banking content and enhance coordination between the two entities.

Banque Misr is participating in the Arab Day for Financial Inclusion event under the auspices of the Central Bank of Egypt (CBE), offering a range of incentives and fee waivers throughout April 2026 to support broader access to financial services

President Abdel Fattah El-Sisi met with Prime Minister Mostafa Madbouly and Central Bank of Egypt (CBE) Governor Hassan Abdalla to review developments in Egypt’s current economic performance.

Egypt’s instant payment application Instapay has become profitable after introducing a 0.1% transaction fee in April 2025, with no significant decline in user adoption, EnterpriseAM reported, citing a senior official at the Central Bank of Egypt (CBE).

Banque Misr signed a cooperation protocol with the General Authority for Healthcare Accreditation and Regulation (GAHAR) to provide financing solutions for medical facilities seeking to join Egypt’s comprehensive health insurance system.

Egypt's net international reserves (NIR) jumped to $52.830 billion at the end of March 2026.

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to keep key policy rates unchanged at its meeting today, April 2nd, maintaining its current monetary stance.

The Central Bank of Egypt (CBE) affirmed that all banks operating in Egypt have implemented credit policies in accordance with the set regulations, according to a statement.

In this factsheet, we examine the sector’s economic significance and assess its capacity to meet domestic demand.

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.