Hossam Mounir

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AIB aims to increase SMEs loans portfolio to EGP 7bn by 2020

The volume of loans provided to SMEs amounted to EGP 1.5bn, equal…

Hossam Mounir

CBE sells $1.5bn to cover portion of temporary credit facilities to importers

Banks are required to redeposit amounts obtained in the CBE auction with…

Hossam Mounir

CBE to hold exceptional $1.5bn auction

CBE sold $200m to banks operating in the local market at rate…

Hossam Mounir

NBE, Banque Misr issue CDs with 15% yield

The NBE and Banque Misr will issue the CDs beginning on Monday…

Hossam Mounir

Pound devaluation shakes market

EGX-30 jumps by 6.7%, amid renewed hopes for FDIs and major concerns…

Hossam Mounir

CBE raises price of US dollar to EGP 8.85

Banks will sell US dollars at EGP 8.95, up from EGP 7.83

Hossam Mounir

US dollar declines to EGP 9 in informal market

Banks await fresh dollar liquidity to be injected through exceptional CBE auction

Hossam Mounir

Foreign deposits, withdrawals balance out at banks on Wednesday, Thursday

Approximately $8m exited one of the largest banks following CBE decision to…

Hossam Mounir

Arab-American banking dialogue to discuss international cooperation, combating terrorism financing

Union of Arab Banks to issue largest database on financial and banking…

Hossam Mounir

Exchange firm officials prepare for expanded meeting with CBE

El-Abyad denies any agreement between CBE and exchange firms on a specific…

Hossam Mounir