Subscribers to online and mobile banking services in Egypt hit 18 million, implementing 114 million transactions at a total value of EGP 11.7 trillion at the end of 2024, Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), announced.
Updated 45m7hEgypt and Germany signed agreements for concessional financing, debt swaps, grants, and technical cooperation at a total value of €294.5 million (EGP 16 billion),
Updated 17m10hRemittances from Egyptians working abroad jumped to $30.2 billion in the first nine months of 2025, according to the Central Bank of Egypt (CBE) data.
Updated 11/17/2025 2:20:00 PMEgypt's path to economic resilience is strategically mapped along its Mediterranean coastline. In recent years, the government has launched a robust reform agenda aimed at attracting robust foreign direct investment (FDI) into high-value sectors, such as real estate, tourism, and infrastructure. This drive is not merely about attracting capital, it is about establishing new, integrated urban centers that diversify the economy and secure sustainable foreign currency inflows.
Updated 11/13/2025 12:22:00 PMThe second week of November brought several notable economic developments. Egypt’s Ministry of Investment and Foreign Trade decided to ban the import of refined sugar for commercial purposes for three months, while the country’s net international reserves (NIR) reached $50.071 billion at the end of October 2025.
Updated 11/13/2025 2:12:00 AMEgypt’s annual core consumer price index (CPI) inflation recorded 12.1% in October 2025, lower than 11.3% last September, according to the Central Bank of Egypt (CBE).
Updated 11/10/2025 3:49:00 AMThe net international reserves (NIR) of Egypt amounted to $50.071 billion at the end of October 2025.
Updated 11/9/2025 10:45:00 AMAt the core of the Egyptian banking sector evolution lies a surge in mergers and acquisitions (M&A) activity. As the country pursues ambitious economic reforms and digital modernization, banks have emerged as pivotal players—not only in capital mobilization but also in expanding financial inclusion and investor confidence.
Updated 11/6/2025 12:44:00 PMrom Prime Minister Mostafa Madbouly witnessing the signing of an agreement between Qatari Diar and the New Urban Communities Authority (NUCA) for the Alam Al-Roum project in Matrouh, to the Central Bank of Egypt unveiling forecasts for 2025 and 2026 annual headline inflation rates, the first week of November has seen a series of key economic developments.
Updated 11/6/2025 12:15:00 PMThe net foreign assets (NFAs) of Egypt’s banking sector hit EGP 996.148 billion at the end of September 2025, an annual leap from EGP 498.697 billion
Updated 11/4/2025 9:01:00 AMEgypt’s annual headline inflation is expected to average 14% and 10.5% in 2025 and 2026, respectively, the Central Bank of Egypt (CBE) highlighted in its latest Monetary Policy Report.
Updated 11/2/2025 7:27:00 AMTrading on Beltone Financial Holding’s shares has been resumed during Wednesday’s mid-session, with the company affirming its strong financial position
Updated 10/29/2025 11:16:00 AMThe Egyptian Exchange (EGX) halted trading on Beltone Financial Holding’s shares as of today's trading session, dated October 29th.
Updated 10/29/2025 10:53:00 AMIn this factsheet, we will highlight the recent performance indicators of Egypt’s tourism sector, identify the country’s regional position as a leading tourism destination, and shed light on the government’s targets for the sector.
Updated 10/29/2025 9:59:00 AMThe Central Bank of Egypt (CBE) and the Ministry of Foreign Affairs, Immigration, and Egyptian Expatriates Affairs have launched the "Open Your Account in Egypt" initiative, in collaboration with the National Bank of Egypt (NBE) and Banque Misr, to simplify the process of opening bank accounts for Egyptians living abroad.
Updated 10/27/2025 8:54:00 AMFitch Solutions’ research arm BMI has revised Egypt’s gross domestic product (GDP) growth forecast for fiscal year (FY) 2025/2026 at 5%, up from 4.7% previously projected in August, according to Enterprise News, citing Ramona Moubarak, Head of MENA Country Risk at Fitch Solutions.
Updated 10/26/2025 10:35:00 AMThe third week of October witnessed several developments in Egypt’s economic landscape across key sectors, including energy, financing, industry, and aviation.
Updated 10/23/2025 11:43:00 AMRemittances from Egyptians working abroad surged by 47.2% during the first eight months of 2025, reaching approximately $26.6 billion.
Updated 10/23/2025 1:34:00 AMREPSS offers a dual benefit of reducing financial costs and mitigating operational risks, two factors critical for the scalability and success of smaller enterprises that form the backbone of Egypt's economy, contributing 43% of its gross domestic product (GDP).
Updated 10/23/2025 1:18:00 AMThe Central Bank of Egypt (CBE) has reminded banks to strictly adhere to regulations governing the issuance of bank deposit certificates for companies being established or increasing their paid-up capital.
Updated 10/22/2025 9:53:00 AM