Bank News
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CBE temporarily raises daily withdrawal limit to EGP 500,000
This exceptional measure comes in response to ongoing disruptions in telecommunications services, which have affected the regularity of operations.
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Bank Branch Hours Extended to 5 PM in Select Locations Across Egypt
Starting July 8th, selected bank branches across Egypt will extend working hours to 5 PM on weekdays, while special hours apply to branches in malls.
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Banque du Caire’s flagship equity fund surpasses $20 million mark
This performance ranks the fund among the largest in the Egyptian market in terms of size.
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United Bank Ranks Among Egypt’s Top 50 Public Companies
Forbes’ ranking methodology was based on audited financial data collected from the Egyptian Exchange.
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CBE announces bank holidays in Egypt
Sunday that all banks will be closed on Thursday, 26 June, for the Hijri New Year and on 3 July for the 30 June Revolution anniversary.
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Why are so many banks topping Egypt’s biggest companies list?
Egypt’s top public companies for 2025 have been revealed, and one trend is hard to miss: banks are dominating.
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Banking sector sees local liquidity climbing in April
The money supply declined slightly, reaching LE 3.170 trillion in April, compared to LE 3.209 trillion in the previous month.
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Suez Canal Bank, Mastercard send lucky cardholder to Venice Film Festival
Running from May 9 to June 9, 2025, the campaign was open to Suez Canal Bank Mastercard Platinum credit cardholders.
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CBE announces 5-day bank closure for Eid Al-Adha holiday
Eid Al-Adha, which begins on Friday, 6 June, is one of the two major Islamic holidays and marks the start of the Hajj pilgrimage season.
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IMF concludes 5th review mission visit for Egypt’s EFF loan programme
Private investment rose significantly, from 38.5 percent of total investment in H1 FY2023/2024 to nearly 60 percent in FY2024/2025.
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National Bank of Egypt leads in brand value in 2025 ranking
Egypt’s top 10 most valuable brands are now worth a combined USD3.3 billion in 2025, according to the latest Egypt 10 2025 ranking.
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Egypt's central bank expected to cut rates by 175 bps
The median forecast of 16 analysts was for the central bank to cut the deposit rate to 23.25% and the lending rate to 24.25%.
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Egypt, IMF discuss reform progress in fifth review of $8 bln loan programme
Al-Mashat highlighted the European Union’s (EU) €4 billion macroeconomic and budget support package, now entering its second phase.
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IMF noted to arrive this week for 5th review of $8B loan program
In March 2024, Egypt succeeded in expanding the IMF loan package from $3 billion to $8 billion.
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EBRD Investment in Egypt tops €13.8B
With over €13.8 billion invested in Egypt’s economy since 2012—more than 86 percent of it directed to the private sector.
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CBE receives $1.17bn in bids for dollar-denominated T-bills auction
The proceeds will be used to repay a previous issuance from 30 April 2024, through which the Bank raised $997.6m.
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IMF and World Bank expect Egypt’s economic growth to increase
Mashat reviewed the most important economic developments, including the results of Egypt’s participation in the IMF Spring Meetings.
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What is the highest return on CDs in Egypt?
The CBE announced a reduction in the interest rate on deposits to 25 percent and on loans to 26 percent.
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Egypt to auction $950 million in one-year dollar T-bills
The bills will replace $997.6 million in maturing dollar treasury bills that carried an average weighted yield of 5.149%.
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Why the IMF has a positive outlook ONLY on Egypt
Egypt is now the only major Middle East and North Africa economy seeing an upgrade; the Fund trimmed the region’s 2025 forecast to just 3 percent.