Egypt Archives - Global Banking Monitor

Egypt Central Bank Maintains Steady Interest Rates Amidst Dropped Growth

Egypt's central bank kept its overnight interest rates unchanged on Thursday as predicted, saying GDP growth had slowed to 2.9% in the second quarter...

Central Bank of Egypt Set to Conclude 2023 with Interest Rate Discussion on Thursday

The Central Bank of Egypt (CBE)’s Monetary Policy Committee (MPC) will hold its final meeting of the year on Thursday to decide on the...

CBE Anticipates Inflation to Peak in H2 2023 in Egypt

The Central Bank of Egypt (CBE) expects inflation rates to reach their peak in the second half (2H) of 2023, provided that they decline...

Egypt Unexpectedly Raises Rates Despite Delay in Devaluation

Egypt unexpectedly resumed its cycle of monetary tightening, seeking to tame inflation that’s running at an all-time high. The central bank’s Monetary Policy Committee raised...

Egypt Explores Solutions Beyond Rate Hike to Tackle Record Inflation

Not even record inflation looks likely to spur Egypt’s first interest-rate hike since March, with policymakers seen raiding other parts of their toolbox to...

OPay Plans to Launch Digital Bank in Egypt

OPay has announced its intention to apply for a digital bank licence in Egypt with a capital of $60m. The company said that this step...

Egypt Implements Massive Interest Rate Hike to Combat Inflation Caused by Currency Devaluations

Egypt resumed a cycle of monetary tightening as the central bank tries to tackle inflation that’s been stoked by currency devaluations. The Monetary Policy Committee...

World Bank grants approval for $7bn financing program to support Egypt

The World Bank has announced that it has approved a $7 billion financing program for Egypt that extends from 2023 until 2027, according to...

Stripe employees get to sell $1bn of shares

Strategies for Upskilling Your Workforce in an AI-Driven Economy

Five Strategies for Enhancing Internal Communications in Banks

Tag: Egypt