Hossam Mounir

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Latest by Hossam Mounir


Aboul Fotouh appointed deputy chairperson of Metropolitan Consulting

The board of directors of Metropolitan Consulting decided to appoint Hany Aboul Fotouh as deputy chairperson of the company. According to Khaled Nagaty, managing director, hiring Aboul Fotouh for the position is an important step for the company, in light of his long experience in the banking sector and financial and administrative consulting, as well …

Hossam Mounir

NBE, BM, Banque du Caire to cover tourism companies’ expenses for Hajj

The National Bank of Egypt, Banque Misr, and Banque du Caire officials met with representatives of the Ministry of Tourism and the head of the religious tourism committee of the Egyptian Travel Agencies Association (ETAA). During the meeting, they agreed to have the three banks secure the needed Saudi riyals to cover the expenses of …

Hossam Mounir

181.6 % increase in Egyptian cotton exports in Q2 2017/2018

The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued its quarterly bulletin on cotton for the second quarter (December to February) of the agricultural season 2017/2018. The total amount of Egyptian cotton exports reached 379,700 kantars during that period, up from 134,800 kantars during the same period of the previous season, marking a large …

Hossam Mounir

FX reserves continue north, scoring $44.14bn end-May

The foreign exchange (FX) reserves balance at the Central Bank of Egypt (CBE) continued to rise during May 2018 to reach $44.14bn, up from $44.03bn at the end of April, rising by $110m. The level of foreign exchange reserves marks the highest ever in the history of the CBE. The level of reserves covers over …

Hossam Mounir

Deposits up EGP 65bn, loans rise EGP 23bn in January 2018: CBE

The volume of deposits at banks operating in the domestic market jumped in January 2018 to EGP 3.39tn from EGP 3.32tn in December 2017, an increase of EGP 65bn, according to the Central Bank of Egypt (CBE). In its recent report, the CBE said that total government deposits increased in January 2018 to about EGP …

Hossam Mounir

AlexBank signs EGP 50m protocol with Sawiris Foundation

The Bank of Alexandria (AlexBank) signed a protocol with Sawiris Foundation for Social Development (SFSD) worth EGP 50m for supporting underprivileged children, to be contributed to equally by both entities. This came during their annual iftar event dedicated to homeless children, which was organised in cooperation with Samusocial International Egypt, under the auspices of the …

Hossam Mounir