#Central Bank of Egypt
9 articles with this tag
EconomyEgypt's Foreign Currency Reserves Hit Record High of $57.50 Billion
Egypt's foreign currency reserves have reached an all-time high of US$ 57.50 billion by the end of October, according to Central Bank of Egypt Governor Hassan Abdallah. This growth coincides with declining inflation and the banking sector's net foreign assets reaching their highest level since 2011.
EconomyFitch Ratings Affirms Egypt at 'B' with Stable Outlook Amid Economic Resilience
Fitch Ratings has affirmed Egypt’s credit rating at 'B' with a stable outlook, citing economic resilience, international support, and steady growth projections.
EconomyEgypt Reaches Six-Year High in Foreign Reserves Driven by Surge in Remittances
Egypt's foreign reserves reached a six-year high of $31.2 billion in August 2026, driven by a significant surge in remittances from citizens living abroad.
EconomyUAE and Egypt Renew Dh5 Billion Currency Swap Deal to Boost Bilateral Trade
The UAE and Egypt have renewed their Dh5 billion currency swap agreement for another five years to enhance trade relations, financial co-operation, and economic stability.
EconomyEgyptian Expatriate Remittances Surge to $29.7 Billion in First Seven Months
Remittances from Egyptians working abroad surged by 28.1 percent to reach approximately $29.7 billion during the first seven months of 2026, according to the Central Bank.
EconomyGlobal Central Banks Weigh Rate Hikes Amid Energy Inflation While Egypt Expected to Hold
Global central banks are leaning toward raising interest rates to combat energy-driven inflation, while experts predict the Central Bank of Egypt will hold rates steady during its upcoming meeting.
EconomyPrime Minister Mostafa Madbouly and CBE Governor Hassan Abdalla Analyze Economic Indicators and Foreign Reserves
Prime Minister Mostafa Madbouly met with CBE Governor Hassan Abdalla to evaluate key economic indicators, foreign exchange reserves, and ongoing monetary coordination efforts.
EconomyBanque Misr UAE Operations Continue Normally Despite US Money-Laundering Scrutiny, Regulators Confirm
Regulators in the UAE and Egypt confirm that Banque Misr branches in the Emirates are operating normally following US money-laundering concerns and a proposed Treasury rule.
EconomyPrime Minister Mostafa Madbouly and CBE Governor Discuss Economic Coordination and Financial Reforms
Prime Minister Mostafa Madbouly met with CBE Governor Hassan Abdalla to discuss economic coordination, inflation reduction, foreign reserves, and new digital financial identity regulations.