Hossam Mounir

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3839 Articles

CBE bans foreign currency transactions at local points of sale

According to the CBE, this decision came in light of the discount…

Hossam Mounir

Banks introduce restrictions on dollar use abroad

Banks have the right to limit dollar use, in light of the…

Hossam Mounir

Dollar exceeds EGP 9 in Egyptian informal market for first time

Devaluation of the pound is not linked to import pressures, but a…

Hossam Mounir

CBE cannot be asked to bear more than it can to solve: El-Kosayer

The CBE is not responsible for providing the dollar; it is responsible…

Hossam Mounir

CBE raises cap on dollar deposit to $1m per month

The new cap compares to the previous daily limit of $10,000 on…

Hossam Mounir

Leaders of Arab construction federations to participate in Builders of Egypt forum

A number of heads of Arab contractors' unions will participate in the…

Hossam Mounir

Housing Minister, Real Estate Investment Division of FEDCOC to discuss real estate developers’ union draft law within days

Businessmen and real estate sector's representatives unanimously approve the initial draft

Hossam Mounir

CBE Deputy Governor clarifies regulators on dollar cap increse

Officers from banking operations expressed uncertainty regarding several features of the new…

Hossam Mounir

Banks direct foreign currency to importers as commodities are held at ports due to dollar shortage

To reduce dollar shortage crisis at banks, the foreign currency deposit cap…

Hossam Mounir

Low-income home buyers to be focus of Housing and Developing Bank’s 2016 plan

In the past year, the HBD granted EGP 750m to approximately 10,000…

Hossam Mounir