Hossam Mounir

The Central Bank of Egypt (CBE) has reported that remittances from Egyptians working abroad surged to $2.7bn in May 2024, marking a remarkable year-on-year

The Central Bank of Egypt (CBE) has reported a significant rise in the country’s international exchange reserves, increasing by approximately $11.2bn since

The Central Bank highlighted that remittances also saw a month-on-month increase of 26.6% in May 2024

Egyptian market awaits interest rate decision next Thursday

The Agricultural Bank of Egypt (ABE) continues to demonstrate robust growth in its business performance indicators during the first half of

Annual urban headline inflation continued its downward trend, registering 27.5% in June 2024, down from 28.1% in May 2024. The decline was influenced by both food and non-food items, as well as a favourable base effect stemming from strong inflationary pressures in 2023.

Analysts anticipate unchanged rates amidst decreasing inflation

Non-banking finance granted by companies and institutions to micro, small, and medium enterprises (MSMEs) increased to EGP 63.1bn in April 2024, compared to EGP 43.6bn in April 2023.

The Social Housing and Mortgage Finance Fund recently disclosed that banks and companies participating in the low-income housing finance initiative have

The Central Bank of Egypt (CBE) withdrew EGP 947.1bn from 32 banks in open market operations on Tuesday, at an interest rate of 27.75%. This action follows