The Central Bank of Egypt (CBE) has clarified the rights of banks operating in Egypt to open and manage accounts for foreign nationals, including non-residents. This announcement is intended to ensure broader access to financial services for foreign individuals, regardless of their residency status, and to clarify existing banking regulations in the country.

On 26 June 2024, the Board of the Egyptian Financial Regulatory Authority (the “FRA”) issued two significant decisions: Decision No. 140 of 2024, which amends the requirements for granting and continuing licenses and the ownership of shares of companies involved in non-banking financial activities, and Decision No. 148 of 2024, which establishes specific rules for the listing