{
Central Bank of Egypt

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Egypt's Purchasing Managers Index indicates economic growth amid rising foreign assets

Egypt's Purchasing Managers' Index (PMI) has exceeded 50 points for the second month in a row, indicating a positive economic outlook, as reported by Prime Minister Mostafa Madbouly. This follows an USD 8.7 billion increase in Net Foreign Assets (NFA) recorded by the Central Bank of Egypt in January 2025, contrasting sharply with a USD 29 billion deficit from the previous year. Total NFA has now risen to approximately USD 37 billion, with January's gains representing 60% of this increase, while foreign exchange reserves have reached USD 47.4 billion.
CairoScene
United States Dollar Central Bank of Egypt EGY Mostafa Madbouly
Finance & Economy, Market Report
01:00 08.03.2025

central bank of egypt announces ramadan banking hours for 2024

The Central Bank of Egypt has announced new banking hours for the holy month of Ramadan, which is expected to begin on March 1st, depending on the moon sighting. During this period, banks will operate from 9 AM to 2 PM, with client service hours from 9:30 AM to 1:30 PM, a shift from the usual 8 AM to 3 PM schedule.
CairoScene
Central Bank of Egypt EGY
Finance & Economy, Press Release
13:00 25.02.2025
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