CBE introduces EGP 50m minimum capital, new compliance rules for credit guarantee companies
The Central Bank of Egypt (CBE) Board of Directors has issued new regulations governing the licensing, regulation, and supervision of credit guarantee companies under the provisions of the Central Bank…
CBE sets procedures for establishing, licensing credit risk guarantee companies
The Central Bank of Egypt (CBE) has set out procedures for obtaining preliminary and final approval to establish and license companies seeking to engage in credit risk guarantee activities, as…
Bank deposits rise to EGP 17.145trn as of May 2026: CBE
The Central Bank of Egypt (CBE) has revealed the latest deposit and lending indicators for banks operating in the Egyptian market through May 2026. According to a recent CBE report,…
AAIB Recognized Among Forbes’ World’s Top Performing Banks 2026
Arab African International Bank (AAIB) has been recognized among Forbes’ World’s Top Performing Banks 2026, placing the Egyptian bank among a select group of financial institutions assessed for their financial…
Egypt-AU trade exchange rises 11.8% to $6.1bn in 7M 2026
Egypt’s trade exchange with African Union (AU) countries rose to $6.1bn during the first seven months of 2026, compared with $5.5bn during the same period in 2025, marking an 11.8%…
Alamein Declaration: Egypt, Eritrea, Sudan, and Somalia forge unified front on Red Sea governance, state sovereignty, and Nile rights
The leaders of Egypt, Somalia, Sudan, and Eritrea have issued the Alamein Joint Declaration, establishing a unified four-nation front to assert exclusive sovereignty over Red Sea governance, defend the territorial…
CBE Governor calls for stronger African financial integration, local currency trade
Central Bank of Egypt (CBE) Governor Hassan Abdalla participated as a keynote speaker in a high-level session titled “Africa’s New Growth Compact in a Turbulent World” at the Alamein Africa…
Egypt expands economic cooperation with South Africa, Equatorial Guinea
Egypt’s Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty met with South Africa’s Minister of International Relations and Cooperation Ronald Lamola on Saturday on the sidelines of…
Al-Sisi, Ramaphosa welcome Egypt-South Africa business council to boost trade, investment
Egyptian President Abdel Fattah Al-Sisi and South African President Cyril Ramaphosa discussed expanding economic, trade, and investment ties and welcomed the formation of a bilateral business council aimed at strengthening…
Egypt launches school health campaign targeting 7 million students across 21 governorates
Egypt’s Ministry of Health has launched a school health campaign for the 2026/27 academic year targeting around 7 million students during the first semester, alongside comprehensive medical examinations for approximately…