Hossam Mounir

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US dollar continues trading at EGP 18.44 for purchase, EGP 18.52 for sale on Sunday

Official price of American currency at CBE records EGP 18.43 for purchase,…

Hossam Mounir

Egypt’s net international reserves inch up to $37.123bn in April

Egypt’s international reserves consist of foreign exchange (FX), gold, special drawing rights…

Hossam Mounir

Non-governmental bank deposits in local currency increase by EGP 193bn in March 2022

Deposits in foreign currencies also increase to EGP 808.372bn

Hossam Mounir

MSMEDA injects EGP 2bn to finance 60k projects during 1Q 2022

Significant part of funds go to Upper Egypt, border governorates: Trade Minister

Hossam Mounir

Egypt expected to raise interest rates after US Fed decision

CBE awaits inflation data to determine extent of increase

Hossam Mounir

Finance Ministry plans to issue 35 T-bill, bond offerings worth EGP 244bn in May

Plan includes 20 T-bill bids worth EGP 213.5bn, 15 bond bids worth…

Hossam Mounir

‘Khazna’ obtains CBE’s approval to launch prepaid card in partnership with ADIB

Khazna card allows money withdrawal and deposit, online payment, and payroll.

Hossam Mounir

CBE to issue bid for local treasury bills denominated in USD, worth $1bn

The proceeds of this bid will be directed to pay the maturity…

Hossam Mounir

CBE releases core set of financial inclusion indicators

36.8m citizens own transactional accounts, including 16m women

Hossam Mounir

Egypt looks forward to US Export-Import Bank providing low-cost finance for green projects: Finance Minister

Cairo targets increasing joint cooperation with EXIM Bank in financing development projects,…

Hossam Mounir