Hossam Mounir

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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

Amer condemns media for promoting exaggerated dollar prices in informal market

We cannot consider the process of dollar trade outside the banking sector…

Hossam Mounir

Private banks discuss protecting dollar liquidity after launch of high-interest CDs

The CBE is widely projected to raise basic interest rates by 0.5-1…

Hossam Mounir