Over the past two years, Egypts economy has navigated a period of profound global and domestic challenges. In an exclusive discussion with Global Finance, Hassan Abdalla, Governor of the Central Bank of Egypt CBE, outlines how the Bank has responded to external shocks, stabilized the macroeconomic environment, and positioned the financial system for sustainable growth and innovation.
As part of the Memorandum of Understanding MoU signed between the Central Bank of Egypt CBE and the Ministry of Communications and Information Technology MCIT, which aims to support and strengthen the skills of youth and students participating in the Digital Egypt Builders Initiative DEBI particularly in the areas of Artificial Intelligence AI and Business Analytics and in alignment with the States strategic vision for digital transformation, the AI for FinTech Hackathon was launched under the umbrella of FinTech Egypt an initiative by the CBE.
H.E. Mr. Hassan Abdalla, Governor of the Central Bank of Egypt CBE, welcomed S&P Global Ratings decision to upgrade Egypts sovereign credit rating, affirming that the move reflects the growing confidence in the Egyptian economy, driven by the monetary and structural reforms implemented recently.
As part of its ongoing efforts to advance the banking sector in line with international best practices, the Ce
Data released by the Central Bank of Egypt revealed an increase in its net foreign assets, which reached 10.491 billion equivalent to EGP 511.211 billion by the end of July 2025, compared to 10.1 billion equivalent to EGP 499.628 billion by the end of June.
The Egyptian pound continued its upward trajectory against the U.S. dollar on Tuesday, registering further gains in several local banks. The dollar fell by approximately 20 piasters in daily trading, reflecting a continued improvement in Egypts currency performance.
The Monetary Policy Committee MPC of the Central Bank of Egypt CBE is scheduled to hold its fourth meeting of 2025 on Thursday, July 10, to decide the fate of the countrys interest rates on deposits and lending.
3.9 billion EGP contributed by banks to support priority service projects throughout the year.Focus on sectors
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