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| Aug 29, 2026 | US to set limits on Egyptian bank in effort to pressure Iran: official | WASHINGTON: The Treasury Department is due to cut off a major Egyptian bank's operations in the United Arab Emirates from the US financial system, an official said Friday (Aug 28), as Washington pushes to choke Iran off economically.
The mo... |
| Aug 28, 2026 | US targets Egyptian bank’s UAE branches under new push for Iran’s economic isolation | Getting your Trinity Audio player ready...
By FATIMA HUSSEIN and FARNOUSH AMIRI
WASHINGTON (AP) — The Trump administration is taking steps to limit an Egyptian bank’s operations in the United Arab Emirates, accusing the financial institutio... |
| Aug 28, 2026 | Israeli strikes kill 5 in Gaza and 3 in West Bank, and other news in the Middle East | Getting your Trinity Audio player ready...
By The Associated Press
Israeli airstrikes killed five people in Gaza and three in the West Bank on Friday, despite a fragile ceasefire brokered by the United States.
Meanwhile, thousands of sailor... |
| Aug 3, 2026 | Gulf Capital Fills Western Banking Void: Emirates NBD Absorbs HSBC Egypt Retail | By Adrian Parham
Published: Aug 03 2026, 10:50 AM EDT
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| Apr 13, 2026 | Egypt’s Lucky raised $23 M Series B funding to expand in North Africa | Lucky, a leading financial technology company in Egypt and the Middle East, today announced the successful closing of a $23 million Series B funding round, including a mix of equity and debt. The round was led by existing & new investor... |
| May 31, 2023 | Egypt in the Balance? | Egypt is in the midst of a profound economic crisis that threatens to disrupt its domestic, economic and foreign policies – deepening public disenchantment and potentially fuelling social unrest. The war in Ukraine has exacerbated this pred... |
| Oct 17, 2022 | Weekly Economic Index: IMF predicts slower growth for Nigeria’s economy | The International Monetary Fund (IMF) has predicted a slower growth for the Nigerian economy in 2022, changing its forecast from 3.2 per cent in July to 3.0 per cent. In its latest World Economic Outlook for October 2022 titled, “Countering... |
| Oct 3, 2022 | Weekly Economic Index: African central banks are raising interest rates | Like their peers in advanced economies, monetary policymakers across Sub-Saharan Africa have turned more aggressive with interest rates.
On Tuesday, September 27 2022, Nigeria’s central bank (CBN) increased the country’s benchmark interest ... |
| Sep 19, 2022 | Weekly Economic Index: 238 Nigerian tech startups raised $2b in seven years | A new report shows 238 Nigerian tech startups raised over $2b in seven years. According to the report by Disrupt Africa, the number exceeds what any other African country received within the same period. The report further stated that 107 N... |
| Aug 29, 2022 | Weekly Economic Index: Nigeria’s oil sector shrinks 12% amid slow economic growth | Nigeria’s oil sector shrunk by 12 per cent in the second quarter of this year, per its statistics bureau. A report by the National Bureau of Statistics (NBS) released on Friday shows that oil production declined to 1.43 million barrels per ... |
| Apr 27, 2022 |
Is Bitcoin Legal? | As the market capitalization of the cryptocurrency market continues to climb, regulators around the world are stepping up the debate on oversight into the use and trading of digital assets.
To date, very few countries have completely outlaw... |
| Dec 16, 2021 | The Monetary Policy Committee (MPC) decided to keep the Central Bank of Egypt's (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25 percent, and 8.75 percent, respectively. The discount rate was also kept unchanged at 8.75 percent | Press Release
December 16th, 2021
The Monetary Policy Committee (MPC) decided to keep the Central Bank of Egypt's (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25 perce... |
| Dec 16, 2021 | MPC Press Release 16 December 2021 | Press Release
December 16th, 2021
The Monetary Policy Committee (MPC) decided to keep the Central Bank of Egypt's (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25 perce... |
| Dec 2, 2021 | Investors are clamoring for a slice of Egypt’s B2B logistics tech scene | With all the news of global supply chain challenges, it’s no wonder logistics and last-mile delivery services have become such big business in the agrifoodtech world. In Cairo, a city of 21 million people, it’s not just big: it’s huge.
“[We... |
| Jul 15, 2021 | Monetary Policy Report 2021-I | Monetary Policy Report
I / 2021
Disclaimer
The cut-off date for the data included in this report is June 17th, 2021. Some of the data presented is preliminary or subject to revisions. There has been new incoming data since the cutoff date, ... |
| Apr 27, 2021 | Press Release issued by The Secretariat of The Council of Arab Central... | For release on April 27th 2 2 ( am)
Press Release issued by:
The Secretariat of the Council of Arab Central Banks and Monetary Authorities'
Governors
Arab Day for Financial Inclusion - April 27 2 2
Under the theme of "Role of Digital T... |
| Mar 5, 2021 | Egyptians Are Buying Bitcoin Despite Prohibitive New Banking Laws | Egyptian user registrations on U.K.-based cryptocurrency exchange CEX.IO rose 250% in January from the previous month.
According to the firm’s executive director, Konstantin Anissimov, bitcoin trading volumes in Egypt on CEX.IO were also up... |
| Dec 30, 2019 | 10 ways Africa’s fintech sector boomed in 2019 | Fintech remains one of the hottest tech verticals in Africa. This year saw African fintech startups based on the continent raise over $53-million in 25 deals (in disclosed deals).
Fintech deals accounted for about 18% of the almost $290-mi... |
| Dec 30, 2019 | 10 ways Africa’s fintech sector boomed in 2019 | Fintech remains one of the hottest tech verticals in Africa. This year saw African fintech startups based on the continent raise over $53-million in 25 deals (in disclosed deals).
Fintech deals accounted for about 18% of the almost $290-mil... |
| Sep 11, 2019 | ‘Egypt’s central bank to launch over $50m fintech fund’ | The Central Bank of Egypt (CBE) is reportedly planning to launch a $50-million to $100-million fintech fund by early next year.
So, says Egypt’s Minister of Communications and Information Technology Amr Talaat (pictured above).
Daily News E... |
| Sep 11, 2019 | ‘Egypt’s central bank to launch over $50m fintech fund’ | The Central Bank of Egypt (CBE) is reportedly planning to launch a $50-million to $100-million fintech fund by early next year.
So, says Egypt’s Minister of Communications and Information Technology Amr Talaat (pictured above).
Daily News... |
| Apr 9, 2019 | Startupbootcamp-Pride Fintech Cairo programme to accelerate 40 Egyptian fintechs | Venture capital (VC) fund Pride Capital has partnered with accelerator Startupbootcamp to help grow 40 Egyptian fintech startups over the next four years through the Startupbootcamp-Pride Fintech Cairo programme.
The six-month programme — w... |
| Apr 9, 2019 | Startupbootcamp-Pride Fintech Cairo programme to accelerate 40 Egyptian fintechs | Venture capital (VC) fund Pride Capital has partnered with accelerator Startupbootcamp to help grow 40 Egyptian fintech startups over the next four years through the Startupbootcamp-Pride Fintech Cairo programme.
The six-month programme — ... |
| Jan 14, 2013 | Egypt Central Bank Sells $75m To Banks | At its ninth foreign currency auction on Sunday, Egypt’s central bank offered to sell $75 million to banks, with a maximum of $11 million per bank.
Reuters reported that the auctions were part of a shift in currency policy announced in late... |
| Egypt’s pound is among the worst performing currencies in 2023. And it’s expected to plummet further | Egypt’s pound currently ranks as the sixth worst performing currency since Jan. 1.
It has extended a decline that saw it lose more than half its value during 2022.
Egypt’s headline inflation in February hit a more than five year high — skyr... |
| Egypt hikes interest rates by 600 basis points, pound crumbles to record low | Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency.
The country’s key interest rate now stands at 27.25%, the central bank said Wednesday.
Egypt... |