Hossam Mounir

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AMF gather regional central banks to discuss COVID-19 impact on sector

Meeting was held in cooperation with International Monetary Fund

Hossam Mounir

Egypt’s annual core inflation hits 3.3% in September 2020: CBE

In a report released on Sunday, the CBE revealed that the monthly…

Hossam Mounir

HSBC’ economists forecast 2.4% GDP growth in Egypt in 2020: Regional CEO Tricaud

GCC economies to shrink on average by 5.6% y-o-y in 2020, before…

Hossam Mounir

Egypt’s urban inflation rises to 3.8% in September: CAPMAS

Whole country’s CPI recorded 107.5 points for September

Hossam Mounir

CBE eases bank account opening procedures for individuals, small enterprises

New rules allow banks to expand customer base, help them implement financial…

Hossam Mounir

MSMEDA, Banque Misr sign EGP 500m worth microfinance contract

The contract was signed by Minister of Trade and Industry and MSMEDA…

Hossam Mounir

CBE simplifies bank account opening for individuals, micro enterprises

The move took place in cooperation with the Egyptian Money Laundering and…

Hossam Mounir

Local currency deposits with Egypt banks up EGP 80.104bn in August: CBE

In a recent report, the CBE stated that demand deposits in local…

Hossam Mounir

Egypt’s market interest rates slightly decline despite CBE’s 0.5% cut

Returns on debt instruments also see minor decreases 

Hossam Mounir

Government to borrow EGP 640bn through T-bills, bonds over next 3 months

Tenders will be issued from beginning of October to end of December…

Hossam Mounir