Hossam Mounir

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MSMEDA injected EGP 2bn to finance 83,000 micro-projects in 1H 2022

52% of the funds were directed to women-owned projects and 59% went…

Hossam Mounir

Egypt’s net international reserves decline to $33.143bn in July 2022: CBE

$253m decrease in gold reserves, while SDRs increases to $232m

Hossam Mounir

Egypt’s current account deficit remains almost unchanged at $13.6bn in July/March FY 2021/22: CBE

Egypt's balance of payments records $7.3bn overall deficit in 9M of FY…

Hossam Mounir

7,000 projects formalised since issuance of Enterprise Development Law: MSMEDA

Furthermore, it said that it is working in cooperation with various state…

Hossam Mounir

EGP 516.9bn increase in non-governmental bank deposits in local currency within 6 months: CBE

Non-governmental bank deposits in local currency reach EGP 4.986trn in June 2022

Hossam Mounir

Major leap in performance of Agricultural Bank of Egypt by end of 1H 2022

More than EGP 60bn in loans, and the deposit portfolio jumped to…

Hossam Mounir

2.8% increase in foreigners with work permits in Egypt’s private, investment sectors in 2021

The number of foreigners who have a permit to work in Egypt’s…

Hossam Mounir

NBE, BM achieve profits of EGP 102.6bn before taxes within 18 months

The statements also indicated that NBE achieved net profits after taxes of…

Hossam Mounir

Egyptian market awaits CBE’s decision on interest rates after latest move by US Federal Reserve

MPC to hold its regular meeting on 18 August to discuss future…

Hossam Mounir