The Central Bank of Egypt (CBE) is planning to allow customers to open bank accounts via a mobile phone application that is set to be launched next year, an unnamed official source told Asharq Business.

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to keep key interest rates unchanged for the second consecutive meeting, according to a press release on November 2nd.

The Egyptian government is planning to issue licenses on the operation of the fifth generation (5G) mobile communication networks in December, sources familiar with the matter told Asharq Business.

Egypt and United Arab Emirates have signed a currency swap deal worth around $1.4 billion in a move to help the North African country ease its economic crisis.