Hossam Mounir

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Manufacturing, extractive index down 8.1% in December 2017

The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued, on 5 March, a report about the metadata of the production index of manufacturing and extractive industries for December 2017. The manufacturing and extractive industries index (excluding crude oil and petroleum products) stood at 128.81 during December 2017 (primary) compared to 140.15 during November 2017 …

Hossam Mounir

EGP 85.052bn cost of establishing 276,600 residential units in FY 2016/2017: CAPMAS

The fiscal year (FY) 2016/2017 witnesses the establishment of 276,600 residential units, implemented by the private and public sector at a cost exceeding EGP 85.052bn, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). In a recent report, the CAPMAS said that the government implemented 59,964 units with investments reaching EGP 34.206bn. Meanwhile, …

Hossam Mounir

NBE, Banque Misr discontinue their 20% interest rate saving certificates

The National Bank of Egypt (NBE) will discontinue offering the platinum saving certificate with an annual return rate of 20%, starting from the end of the workday on 15 February 2018, Yehia Abu El-Fotouh, the vice chairperson of NBE told Daily News Egypt on Thursday. However, current certificate owners will continue to have the same …

Hossam Mounir

4.57m high-speed internet subscribers in April 2017

The number of high-speed internet subscribers increased to 4.57 million in April 2017 compared to 4.05 million in April 2016, an increase of 12.84%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). The CAPMAS issued a press statement on Tuesday marking the Safer Internet Day (SID), which is organised in February of …

Hossam Mounir