The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a combined value of EGP 140 billion over two auctions on Sunday, August 30, 2026

The Egyptian Cabinet commented on a proposal by a public figure to transfer ownership of state-owned assets, including the Suez Canal, to the Central Bank of Egypt (CBE) in exchange for settling part of the government’s domestic debt.

The Central Bank of Egypt (CBE) said that measures proposed by the US Treasury Department concerning Banque Misr’s operations in the UAE are limited to its Dubai branch and its USD transactions with correspondent banks

Major economic developments shaped the fourth week of August 2026, led by S&P Dow Jones Indices (S&P DJI) maintaining Egypt’s emerging-market classification following its 2026 equity country classification consultation, ruling out a proposed downgrade to frontier-market status.

Arab Finance Interview with Hala Abu El-Saad, Chairperson of the Egyptian Federation for Financing Medium, Small, and Micro Enterprises (MSMEF)

The Egyptian Exchange (EGX) will suspend trading on Thursday, August 27, 2026, in observance of Prophet Muhammad’s birthday.

The Egyptian Exchange (EGX) will fully exempt the first 20 eligible companies seeking an initial listing on its small and medium-sized enterprises (SME) market from administrative service fees, provided they complete the required listing documents by September 30.

The Central Bank of Egypt (CBE) has approved regulations governing the electronic Know Your Customer (eKYC) digital financial identity system, allowing customers to open bank accounts and access banking products and services remotely.

S&P Dow Jones Indices (S&P DJI) has maintained Egypt’s emerging-market classification after concluding its 2026 equity country classification consultation, ruling out a proposed move to frontier-market status.

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) kept its key interest rates unchanged at its fifth meeting of 2026, citing inflation developments and continued uncertainty surrounding the global economic outlook.

Remittances from Egyptians working abroad rose 29.6% year on year (YoY) to a record $47.3 billion in fiscal year (FY) 2025/2026.

The third week of August wrapped up with notable economic developments, as the Central Bank of Egypt (CBE) expected Egypt’s headline inflation to accelerate temporarily through the third quarter (Q3) of 2026 before gradually easing toward its target range in the second half (H2) of 2027. Meanwhile, President Abdel Fattah El-Sisi renewed Hassan Abdalla’s appointment as Acting Governor of the CBE for another year.

Commercial International Bank (CIB) has received preliminary approval from the Central Bank of Egypt (CBE) to establish yomo, a digital bank backed by a $300 million investment.

The Central Bank of Egypt (CBE) expected Egypt’s headline inflation to accelerate temporarily through the third quarter (Q3) of 2026 before gradually easing toward its target range in the second half (H2) of 2027, according to the Q2 2026 Monetary Policy report.

All banks in Egypt will be off on Thursday, August 27, on the occasion of Prophet Muhammad’s Birthday holiday.

Egyptian President Abdel Fattah El-Sisi has renewed Hassan Abdalla’s appointment as Acting Governor of the Central Bank of Egypt (CBE) for another year.

The Central Bank of Egypt (CBE) has instructed banks operating in the Egyptian market to submit comprehensive financial literacy action plans for 2027 during the fourth quarter (Q4) of 2026.

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) is expected to keep interest rates unchanged at its August 20 meeting as renewed inflationary pressures offset the resilience of the country’s external position.

Egypt implemented 508 measures to support the private sector in 2025, accounting for 50.4% of the reforms introduced between May 2022 and December 2025.

Morgan Stanley expects the Central Bank of Egypt (CBE) to keep interest rates unchanged through the end of 2026, although it sees an increased possibility of a 2% cut in the fourth quarter (Q4) if inflation falls below 13%.

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.