6 h. ago Egypt’s foreign reserves rise to US$48.144 billion by the end of April: CBE

The Central Bank of Egypt (CBE) announced that the country’s net foreign exchange reserves rose to approximately US$48.144 billion by the end of April. According to data published on CBE’s website on Tuesday, Egypt’s foreign exchange reserves rose by approximately $387 million during April, from approximately $47.757 billion at the end of March 2025. This … The post Egypt’s foreign reserves rise to US$48.144 billion by the end of April: CBE appeared first on Egypt Independent.

Economics

40 h. ago Egypt banks’ net foreign assets jump to $15bln on higher FDIs

Egypt banks’ net foreign assets jump to $15bln on higher FDIs  ZAWYA

Economics

53 h. ago Egypt’s Banking Sector sees notable improvement in net foreign asset position in March

Egypt’s Banking Sector sees notable improvement in net foreign asset position in March  ZAWYA

Politics

7 d. ago IMF and World Bank expect Egypt’s economic growth to increase, Mashat

Minister of Planning, Economic Development, and International Cooperation Rania al-Mashat participated in a press conference held by Prime Minister Mostafa Madbouly following the weekly cabinet meeting. Mashat reviewed the most important economic developments, including the results of Egypt’s participation in the Spring Meetings of the International Monetary Fund (IMF) and the World Bank, and their … The post IMF and World Bank expect Egypt’s economic growth to increase, Mashat appeared first on Egypt Independent.

Economics

7 d. ago CBE announces that all banks in Egypt will be closed on May 1 for Labor Day

The Central Bank of Egypt (CBE) announced in an official statement that the Labor Day holiday will apply for the banking sector and banks operating in Egypt. The CBE explained that on the occasion of Labor Day, all banks operating in Egypt will be closed, starting Thursday, May 1, 2025. It added that banks are … The post CBE announces that all banks in Egypt will be closed on May 1 for Labor Day appeared first on Egypt Independent.

Politics

8 d. ago Israeli forces detain prominent Palestinian journalist in early morning West Bank raid

Jerusalem CNN  —  Israeli forces detained prominent Palestinian journalist Ali Samoudi in an early morning raid on his son’s home in the occupied West Bank. The raid occurred in the city of Jenin, where Samoudi’s son told CNN the Israeli military came in at 5 a.m. and took the 58-year-old journalist to an undisclosed location. … The post Israeli forces detain prominent Palestinian journalist in early morning West Bank raid appeared first on Egypt Independent.

Politics

8 d. ago Al Baraka Bank Egypt and Delta University Join Forces for Youth Financial Empowerment

Al Baraka Bank Egypt and Delta University Join Forces for Youth Financial Empowerment  TechAfrica News

Economics

9 d. ago Egypt Moves Closer to Securing $300 Million from Asian Infrastructure Investment Bank

Egypt Moves Closer to Securing $300 Million from Asian Infrastructure Investment Bank  Egypt Today

Economics

9 d. ago Finance Minister: Egypt open to exploring innovative financing tools

Egypt is open to leveraging international expertise to explore innovative financing tools aimed at reducing debt levels and servicing costs, Finance Minister Ahmed Kouchouk said on Sunday 27/4/2025. During his meeting with Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA) Hiroshi Matano on the sidelines of the IMF and World Bank Spring Meetings … The post Finance Minister: Egypt open to exploring innovative financing tools appeared first on Egypt Independent.

Politics

9 d. ago World Bank upgrades Egypt’s FY2024/25 GDP growth forecast to 3.8%

World Bank upgrades Egypt’s FY2024/25 GDP growth forecast to 3.8%  ZAWYA

Politics

1 week ago Minister: State keen to achieve economic growth based on investments, industry localization

The state intends to achieve strategic transition for making economic growth through stimulating investments and localizing industry, Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, said. The minister, who is also Egypt’s Governor at the World Bank Group, made her remarks on Saturday 26/4/2025 to comment on the group’s recently-issued report that expects … The post Minister: State keen to achieve economic growth based on investments, industry localization appeared first on Egypt Independent.

Economics

1 week ago Minister: Employment rates, youth skill development among Africa’s biggest challenges

Minister of Planning, Economic Development and International Cooperation and Egypt’s Governor at the World Bank Group (WBG) Rania al-Mashat said employment rates and the development of youth’s skills are among the biggest challenges facing the African continent. The minister called on the World Bank to boost its employment agenda by facilitating development across Africa and … The post Minister: Employment rates, youth skill development among Africa’s biggest challenges appeared first on Egypt Independent.

Politics

1 week ago Mashat in talks with EU over timeline of completing procedures related to 2nd phase of MFA program

Rania al-Mashat, Minister of Planning, Economic Development, and International Cooperation and Egypt’s Governor at the World Bank, held a meeting with Elena Flores, Director General for Economic and Financial Affairs at the European Commission, in the presence of Finance Minister Ahmed Kouchouk. The meeting addressed the timeline for completing procedures related to the second phase … The post Mashat in talks with EU over timeline of completing procedures related to 2nd phase of MFA program appeared first on Egypt Independent.

Politics

1 week ago Rise: Egypt’s digital banking evolution mirrors Nubank’s Brazilian success story

Rise: Egypt’s digital banking evolution mirrors Nubank’s Brazilian success story  Tearsheet

Politics

1 week ago Egypt Capital Cup: National Bank take control; Ismaily held in quarter

Egypt Capital Cup: National Bank take control; Ismaily held in quarter-final first leg  Pan-Africa Football

Politics

2 w. ago Egypt: Market awaits reopening of banks to gauge impact of CBE’s 2.25% rate cut on savings, loans

Egypt: Market awaits reopening of banks to gauge impact of CBE’s 2.25% rate cut on savings, loans  ZAWYA

Economics

2 w. ago Egypt, IME to discuss details of RST new financing this week, sources

The Egyptian government and Central Bank are expected to discuss ways to obtain the new financing via Resilience and Sustainability Facility (RST) recently approved by the International Monetary Fund (IMF), and to agree on the mechanisms and tranches for its transfer to Egypt. The discussions are anticipated during their participation in the spring meetings of … The post Egypt, IME to discuss details of RST new financing this week, sources appeared first on Egypt Independent.

Politics

2 w. ago Highest CDs returns in Egyptian banks after CBE cut interest rate

The Central Bank of Egypt (CBE) has decided to cut interest rates on Thursday by 225 basis points, bringing the deposit rate to 25 percent and the lending rate to 26 percent. This is the first rate cut in five years. In conjunction with this decision, many wondered about the fate of certificate of deposits … The post Highest CDs returns in Egyptian banks after CBE cut interest rate appeared first on Egypt Independent.

Politics

2 w. ago Egyptian banks cut interest rates on variable certificates following Central Bank move

In an automatic move responding to the Central Bank of Egypt’s reduction of key interest rates, banks operating in Egypt have decided to decrease interest rates on variable-yield certificates by 2.25%. The Monetary Policy Committee of the Central Bank “ALICO” announced a 225 basis point cut in the overnight deposit and lending rates, as well … The post Egyptian banks cut interest rates on variable certificates following Central Bank move appeared first on Egypt Independent.

Politics

2 w. ago Egypt Central Bank cuts interest rates for first time in 4 years

Egypt Central Bank cuts interest rates for first time in 4 years  Economy Middle East

Politics