Hossam Mounir

1765 Articles

Advertising Area






Latest by Hossam Mounir


7.2% increase in industrial production in Q3 2017

The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued its quarterly bulletin on industrial production of public and private sector enterprises that employ 25 or more workers for the third quarter (Q3) of 2017. The report showed that the total industrial production value (excluding crude and refined petroleum) reached EGP 145.3bn during Q3 2017 …

Hossam Mounir

AAIB, SANAD Fund launch Sandah for microfinance in Egypt 

Egypt’s newest microfinance lending institution, Sandah, was launched in Cairo on Tuesday with EGP 155m in capital. Its main founding shareholders—the Arab African International Bank (AAIB) and SANAD Fund for MSME (SANAD)—celebrated the launch of Egypt’s newest microfinance company. SANAD Fund’s expansion in the Egyptian market is a testament to the international financial institutions’ confidence …

Hossam Mounir

14% increase in exports in February 2018

The deficit in Egypt’s trade balance reached $3.28bn in February 2018 compared to $3.32bn in the same month of the previous year, a decrease of 1.2%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS)’s monthly bulletin of foreign trade data for February 2018, issued on Tuesday. The value of exports increased by …

Hossam Mounir

FX reserves climbed to $44.029bn end-April 2018: CBE

Foreign exchange reserves at the Central Bank of Egypt continued to rise in April 2018, reaching $44.029bn from $42.611bn at the end of March 2018, an increase of about $1.418bn. This marks the highest level of foreign exchange reserves in the history of the Central Bank of Egypt. The reserves are sufficient to cover over …

Hossam Mounir