Finance News
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Egypt Launches Three New Investor Incentive Packages in 2025
The approach is designed to ease burdens on the private sector while providing greater clarity and certainty for the investment community.
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53% of Egyptian SMEs adopt digital payments
Visa said such tools have evolved from simple payment methods to “strategic instruments” for efficiency, customer experience, and growth.
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World Bank flags human development challenges, opportunities in Egypt
A new World Bank report, titled "Embracing and Shaping Change: Human Development for a Middle East and North Africa in Transition".
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Egypt Accelerates Financial Inclusion With Record E-Wallet Adoption in 2025
The number of e-wallets increased by 29%, reaching 46.3 million e-wallets in the second quarter of 2025 compared to 35.8 million e-wallets in 2024.
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Egypt launches fund to support public-private partnership projects
Finance Minister Kouchouk launches a dedicated fund for PPP project feasibility studies to accelerate development via private sector participation.
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Mobile wallet transactions in Egypt surge 72% in Q2 2025 to EGP 943.4bn
Egypt's mobile wallet transactions surge 72% to EGP 943.4bn in Q2 2025 compared to EGP 548.6bn in the same quarter 2024, says NTRA.
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PM, CBE chief brief El-Sisi on boosting economic indicators efforts
President El-Sisi meets PM Madbouly, the CBE Governor, and the financial adviser to review Egypt's economic performance and forex position.
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IMF urges Egypt to push deeper reforms to unlock growth and create jobs
The IMF urges Egypt to accelerate structural reforms to unlock growth potential, create quality jobs, and build resilience against shocks.
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"The worst has passed," Egypt's Prime Minister assures his people
Egyptian PM declares economic challenges behind Egypt, asserting that debt repayment issues have been resolved after a severe recent downturn.
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Gold heads for fourth weekly gain amid rate cut expectations
Gold prices rise for fourth consecutive week as weak US labor market fuels Fed rate cut expectations, overshadowing inflation concerns
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18 key facts about Egypt’s new economic development narrative
The framework aims to align reforms under Egypt Vision 2030, with a focus on job creation, private sector empowerment, and a gradual green transition.
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Digital payments in Egypt expand at record pace
With financial inclusion rising to 76.3% as of mid-2025, mobile wallets are emerging as a cornerstone of the government’s cashless agenda.
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Egypt’s mobile wallet transactions surge 80% as cashless drive accelerates
Egypt’s mobile wallet sector posted rapid growth in the second quarter of 2025, with financial transactions jumping 80 percent year-on-year to 718 m.
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Core inflation slows to 10.7% as CBE cuts rates by 200 points
On a monthly basis, core inflation declined to 0.1 percent, compared with 0.9 percent in August 2024.
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El-Sisi urges BRICS to embrace local currencies
El-Sisi outlined five strategic priorities he believes are crucial for navigating today’s global challenges.
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Egyptian pound hits strongest level against US dollar in over a year
According to the CBE, the US dollar is now trading at EGP 47.9 for buying and EGP 48 for selling.
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Egypt launches new economic development narrative
The focus is on boosting job creation and pushing forward the country’s economy amid the unprecedented global and regional geopolitical challenges.
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EBRD, EU and GCF promote green lending in Egypt
U to provide technical assistance to promote capacity building for micro, small and medium-sized enterprises in their green investments.
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Egypt’s foreign reserves hit record $49.25 bln in August
Egypt's net international reserves hit a record $49.25B in August, up from $49.03B in July, showing continued economic strength.
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CBE expands banking reach with new service unit regulations
CBE issues new regulations allowing banks to establish service units outside branches, expanding geographical coverage nationwide.