Hossam Mounir

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$26m increase in CBE’s foreign exchange reserves in June

The value of gold included in the reserves increased to $2.602bn in…

Hossam Mounir

Balance of Payments registers $2.6bn increase in deficit over 9 months of FY 2015/16: CBE

The CBE said in a statement on its website on Sunday that…

Hossam Mounir

CBE to reveal its foreign exchange reserves this week

Debt repayment to Qatar and Paris Club countries is likely to impact…

Hossam Mounir

Banks acquire 77.87% of Finance Ministry’s treasury bills by end of March

Banks’ investments in bills amount to EGP 471.358bn at the end of…

Hossam Mounir

Government borrows more than EGP 1.1tn through treasury bills and bonds in FY 2015/16

Ministry of Finance reveals its intention to borrow EGP 317.5bn from banks…

Hossam Mounir

Banks ignore CBE’s interest rate increase

CBE will not keep current rates and may be reversed in three…

Hossam Mounir

Banks begin monitoring debit card transactions abroad

Misused debit cards will be suspended immediately, says the head of one…

Hossam Mounir

Foreign aid, loans kept foreign exchange reserves cohesive under Muslim Brotherhood and Al-Sisi

The Egyptian pound lost 16% of its value against the US dollar…

Hossam Mounir

Rami Aboul Naga succeeds Rania Al-Mashat on EGX board

Aboul Naga will succeed Rania Al-Mashat, who will move to the International…

Hossam Mounir

51.8% increase in number of foreign employees in governmental, public sector in 2015: CAPMAS

General Petroleum Corporation, ERTU attract highest number of foreign employees

Hossam Mounir