العربية

Category: News

CBE mandates banks to establish dedicated anti-fraud units

The Central Bank of Egypt (CBE) has mandated banks operating in the Egyptian market to establish dedicated anti-fraud departments, which will report directly to the Chief Risk Officer and submit regular reports to the Board Risk Committee. In a circular issued to banks, the CBE said the move forms part…

Central Bank of Egypt maintains current interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided in its meeting on Thursday, to keep the key interest rates unchanged. Consequently, the overnight deposit rate, overnight lending rate, and the rate of the main operation remain fixed at 19.00 percent, 20.00 percent, and 19.50 percent,…

Egypt’s gold markets surge amid US-Iran war fluctuations

Gold prices in Egypt saw a rise on Friday, increasing by an average of LE 15 across various karats. The benchmark 21-karat gold reached LE 7,150. As of the time of this report, gold prices in Egypt are as follows: 24-Karat Gold: LE 8,171 21-Karat Gold: LE 7,150 18-Karat Gold: LE 6,128 Gold…

Egypt’s SUMED oil flows jump 150% on Red Sea trade rerouting

Oil flows through Egypt’s “SUMED” pipeline have surged by 150 percent since the Iranian conflict outbreak, a direct reflection of shifting global energy trade routes and increasing reliance on secure alternatives away from volatile regions. This surge has reinforced the pipeline’s importance as a strategic corridor for transporting crude between…

Strong expectations for CBE to hold interest rates

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its second regular meeting of the year, on Thursday, to decide on key interest rates, which serve as a strong indicator of the direction of Egyptian pound short-term interest rates. There are firm expectations…

Al-Sisi underscores commitment to economic reforms, market stability

Egyptian President Abdel Fattah Al-Sisi affirmed on Wednesday that the government will press ahead with fiscal reforms aimed at safeguarding economic stability and accelerating private sector growth, amid the continued impact of regional conflict on markets and global supply chains. During a meeting with Prime Minister Mostafa Madbouly, alongside the…

FRA chair meets mortgage finance firms to boost activity, efficiency

Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), held a meeting with representatives of the Egyptian Mortgage Federation and companies operating in the sector, as part of the Authority’s ongoing engagement with non-banking financial activities. The meeting reflects FRA’s commitment to fostering direct and effective communication with market participants,…