Hossam Mounir

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18.3% increase in production index of manufacturing, extractive industries in March: CAPMAS

The total index for the manufacture of mining and quarrying reached 68.56…

Hossam Mounir

Falcon Group ready to establish first factory producing walk-through security gates in Egypt

Falcon National for Security will begin operations soon to secure airports, says…

Hossam Mounir

Pound to depreciate to EGP 9.5 to US dollar by end of 2016: Standard & Poor’s

The Central Bank of Egypt (CBE) devaluated the pound by 13% in…

Hossam Mounir

NBE considers granting EGP 7bn to economic sectors in coming period: deputy chairperson

The bank settled EGP 2bn of non-performing debts from July 2015 until…

Hossam Mounir

CBE confirms banks’ commitment to its instructions for financing small, very small projects

The Central Bank of Egypt (CBE) affirmed that the banks operating in…

Hossam Mounir

Balances in savings accounts increased by 21.3% in FY 2014/2015: CAPMAS

Balances in postal savings funds reached EGP 169.6bn in FY 2014/2015, compared…

Hossam Mounir

Private sector accounts for 59.3% of credit facilities granted by banks to clients: CBE

Industry at forefront of economic sectors funded by banks followed by services,…

Hossam Mounir

CBE provides $120m to cover pharmaceutical product import requests

The CBE called banks to cover their customers' requests with the US…

Hossam Mounir

Council to coordinate between CBE, Finance Ministry to legalise informal sector

Bylaws to govern the agricultural SEs to be issued within days

Hossam Mounir

CIB targets to increase number of SME customers to 80,000 in 4 years

The bank finances these projects by providing EGP 50,000 to EGP 25m,…

Hossam Mounir