Prime Minister Mostafa Madbouly affirmed the State’s commitment to developing the non-banking financial sector in its various activities given its vital role in driving the national economy, attracting investment and expanding the participation of the domestic and foreign private sectors. The prime…
Lord Rami Ranger has successfully challenged the decision to revoke his CBE by King Charles. The revocation was based on allegations of breaching the parliamentary code of conduct. Justice Nathalie Lieven ruled that the decision could be subject to judicial review due to its significant personal…
The Central Bank of Egypt (CBE) Board of Directors has issued new regulations governing the licensing, regulation, and supervision of credit guarantee companies under the provisions of the Central Bank and Banking System Law No. 194 of 2020. The new regulations establish a regulatory and…
The Central Bank of Egypt (CBE) has set out procedures for obtaining preliminary and final approval to establish and license companies seeking to engage in credit risk guarantee activities, as part of the regulations governing the sector. The rules establish specific timelines for issuing approval…
The Central Bank of Egypt (CBE) has revealed the latest deposit and lending indicators for banks operating in the Egyptian market through May 2026. According to a recent CBE report, customer deposits at banks rose to EGP 17.145trn in May 2026, up from EGP 17.031trn in the previous month, an…
Central Bank of Egypt (CBE) Governor Hassan Abdalla participated as a keynote speaker in a high-level session titled “Africa’s New Growth Compact in a Turbulent World” at the Alamein Africa Forum, hosted by Egypt in New Alamein City. The forum, inaugurated by President Abdel Fattah Al-Sisi, brought…
The launch of the Distressed Factories Restructuring Fund, with total capital of EGP 1bn, marks a shift in the approach to industrial distress. It places existing assets and production capacities at the heart of the solution, rather than focusing solely on addressing debts or providing short-term…
