Hossam Mounir

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Issued credit cards increase to 3.8m at June’s close: CBE

The number of credit cards at banks operating in the Egyptian market…

Hossam Mounir

Non-performing loans fall to 5.9% as of end of June: CBE

Private sector accounts for 70.6% of total loans provided by banks to…

Hossam Mounir

Egypt’s foreign debt in FY 2015/2016 increases by $7.7bn: CBE

The CBE announced on its website that the size of foreign debt…

Hossam Mounir

Prime Minister reveals source of additional $3bn in foreign exchange reserves in September

Egypt received $2bn from Saudi Arabia and $1bn from the World Bank

Hossam Mounir

Only 503,000 tourists visited Egypt in August 2016: CAPMAS

The number of tourist arrivals from all countries reached 503,000 during August…

Hossam Mounir

Expected VAT proceedings set at EGP 20-22bn by end of this fiscal year: ETA Head

Head of the Egyptian Tax Authority, Abdel Moniem Matar, said that proceedings…

Hossam Mounir

CBE fixes pound’s price against US dollar on Tuesday, market still awaiting devaluation

Possibility of launching exceptional auction completed ruled out for now, as the…

Hossam Mounir

Inflation down to 1.3% in September, compared to 1.9% in August: CAPMAS

The annual inflation rate in September changed to 14.6%, compared to 16.4%…

Hossam Mounir

Banque Du Caire finances purchase of 7,317 residential units within CBE real estate financing initiative

Banque Du Caire purchased 7,317 residential units for low and middle-income segments…

Hossam Mounir