Hossam Mounir

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Foreign currency inflows rise in banks, exchange offices following EGP liberalisation

Average dollar value decreases by EGP 1.7 from its peak after flotation,…

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Islamic banking in Egyptian market hits EGP 606bn in 2023

This figure represents approximately 4% of total Egyptian banking sector

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Annual core inflation hits 35.1% in February 2024: CBE

Annual urban inflation jumps to 35.7% in February 2024: CAPMAS

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Finance Minister hails Moody’s decision, outlines future plans

Moody’s upgrades its outlook on future of Egyptian economy from negative to…

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Domestic liquidity in Egyptian banking sector nears EGP 9bn in January 2024: CBE

Deposits in local currency rise by EGP 120bn to EGP 6.367trn

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CBE’s interest rate hike sparks reactions from banks

Limited movement in interest rates after first two days of liberalisation

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Egypt floats pound, raises interest rates by 6% to tackle inflation

The Central Bank of Egypt (CBE) announced a two-pronged approach on Wednesday,…

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Dollar soars to EGP 49.5 on first day of exchange rate liberalisation

The Egyptian pound plunged against the US dollar on Wednesday, as the…

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CBE decisions strike blow to black market, say banking experts

Experts praise move as crucial, positive step to eliminate speculation

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NBE, Banque Misr launch new savings certificates with up to 30% return

Yield of some certificates, loan products increases automatically after CBE decides to…

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