Remittances from Egyptians working abroad rose by 27.2% year-on-year (YoY) to $33.9 billion in the January-August 2026 period from $26.6 billion, according to the Central Bank of Egypt (CBE) data.

The International Monetary Fund (IMF) has raised its forecast for Egypt’s economic growth in fiscal year (FY) 2026/2027 to 4.7%, versus 4.4% projected in July

Egypt’s balance of payments (BoP) recorded an overall surplus of $2.8 billion in fiscal year (FY) 2025/2026, according to official data released by the Central Bank of Egypt (CBE).

The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 130 billion through two tranches on Monday, October 12, according to official data.

The annual core consumer price index (CPI) inflation recorded 14.1% in September 2026, compared with 14.9% in August 2026, according to data issued by the Central Bank of Egypt (CBE).

Prime Minister Mostafa Madbouly met with Minister of Planning and Economic Development Ahmed Rostom to review the Economic and Social Development Plan for fiscal year (FY) 2026/2027.

S&P Global Ratings has affirmed Egypt’s sovereign credit ratings at ‘B/B’ for both foreign- and local-currency obligations, with a stable outlook, according to its latest report.

Fitch Ratings has affirmed Egypt's long-term Issuer Default Rating (IDR) at ’B’, with a stable outlook, according to the agency’s latest report.

The first week of October ended with the Egyptian market witnessing major developments in the energy, financing, and macroeconomic sectors. Here's a list of the most important news covered from October 4 to October 7.

Egypt’s net international reserves reached $57.35 billion at the end of September 2026, up from $57.215 billion a month earlier, according to data from the Central Bank of Egypt (CBE).

Banque Misr recorded total pre-tax profits of EGP 154.7 billion for the year ended December 31, 2025, with net profit rising more than 24% to EGP 100.9 billion after EGP 53.8 billion in taxes, as per an emailed financial release.

Banks in Egypt will be closed on Thursday, October 8, in celebration of Armed Forces Day and the anniversary of the 6th of October War victory, the Central Bank of Egypt (CBE) announced.

The Central Bank of Egypt (CBE) and the Ministry of Industry have launched an EGP 1 billion fund to take equity stakes in distressed factories with the potential to resume and expand production.

The net foreign assets (NFAs) of Egypt’s banking sector hit $31.2 billion in August 2026, marking the highest level recorded since January 2020, according to the Central Bank of Egypt (CBE) data.

Throughout 2026, Egypt’s real estate market has reached a critical structural inflection point. On one hand, nominal sales growth and total sector valuations have expanded dramatically, fueled by an influx of Gulf Cooperation Council (GCC) capital, currency movements, and severe domestic cost-push inflation.

The last week of September ended with a handful of economic agreements in key sectors and major events, such as the Egypt Mining Forum 2026

Egypt’s Instant Payment Network (IPN) registered 1.47 billion transactions valued at EGP 4.33 trillion by the end of the second quarter (Q2) of 2026, said Hassan Abdalla, Governor of the Central Bank of Egypt (CBE).

The Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of Egypt (CBE) have renewed their currency swap agreement worth AED 5 billion, equivalent to EGP 69 billion, for five years, according to a statement.

Prime Minister Mostafa Madbouly met with Central Bank of Egypt (CBE) Governor Hassan Abdalla to review key economic issues and measures to strengthen financial and monetary stability

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) kept its overnight deposit and lending rates at 19% and 20%, respectively, after assessing recent inflation trends, forecasts, and risks to the inflation outlook.

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.