Hossam Mounir

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Domestic liquidity in Egyptian banking sector nears EGP 9bn in January 2024: CBE

Deposits in local currency rise by EGP 120bn to EGP 6.367trn

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CBE’s interest rate hike sparks reactions from banks

Limited movement in interest rates after first two days of liberalisation

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Egypt floats pound, raises interest rates by 6% to tackle inflation

The Central Bank of Egypt (CBE) announced a two-pronged approach on Wednesday,…

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Dollar soars to EGP 49.5 on first day of exchange rate liberalisation

The Egyptian pound plunged against the US dollar on Wednesday, as the…

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CBE decisions strike blow to black market, say banking experts

Experts praise move as crucial, positive step to eliminate speculation

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NBE, Banque Misr launch new savings certificates with up to 30% return

Yield of some certificates, loan products increases automatically after CBE decides to…

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ADCB, Tamweely sign EGP 100m deal to finance SMEs

Abu Dhabi Commercial Bank Egypt (ADCB) and Tamweely Microfinance have signed a…

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Ministry of Finance to borrow EGP 459.5bn from local market in March

The Ministry of Finance aims to raise EGP 459.5bn in March by…

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HDB’s record profits for 2023: A success story

Bank’s net profits soar to EGP 6.031bn, with growth rate of 167.2%

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CBE sets new rules for funding financial leasing companies

Banks must limit their credit facilities, investments in securitisation portfolios of companies…

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