Hossam Mounir

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Further opportunity to cut interest rate by 50-100 points on 14 November: Beltone

Inflation recorded positive increase in September, lower than our expectations

Hossam Mounir

Subscription in ATAA charitable fund to start on 5 November: NSB

Subscription ends on 4 January 2020, and can be suspended after 10…

Hossam Mounir

Settlement on workers’ rights to delay approval of NBG-Egypt sale to Bank Audi

Tripartite meeting of CBE's Legal Advisor, Regional Director, and Legal Affairs Director…

Hossam Mounir

NBE arranged syndicated loans worth EGP 28bn during Q3 2019: Bloomberg

Bank arranged a syndicated loan of EGP 1.7bn for Redcon Construction in…

Hossam Mounir

Egypt’s net foreign reserves break $45bn, the highest level ever 

We need to study the reasons for the high BOP deficit, especially…

Hossam Mounir

Credit facilities by banks fall EGP 35.2bn in July to EGP 1.8trn: CBE

Private sector receives 60.3% of total facilities, industry at the forefront of…

Hossam Mounir

Egypt’s current account records $8.2bn deficit in FY 2018/19: CBE

BOP records 0.1bn deficits, oil trade balance records $8.1m surplus, FDI net…

Hossam Mounir

Banks apply limited interest cuts after CBE slashes basic rates

Most cuts were limited to variable return certificates

Hossam Mounir

Beltone forsees 0.5% interest rate cut in CBE’s coming meeting, 3% cut in 2020

We do not expect pressure on local currency after interest cut, exchange…

Hossam Mounir