Hossam Mounir

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trade , export

Egypt’s trade deficit decreases by 27.8 % in June

Egypt’s trade deficit dropped by 27.8% in June 2021 to reach $2.49bn, down from $4.07bn in June 2020, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). Egyptian exports increased by 49.2 % to record $3.61bn in June 2021, compared to $2.42bn in the same month a year earlier. CAPMAS said that the …

Hossam Mounir

Government discusses launching integrated database for MSMEs

Nevine Gamea, Minister of Trade and Industry and Executive Director of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), has met with Mahmoud Shaarawy, Minister of Local Development, to discuss preparing a comprehensive database for the MSMEs sector. Gamea explained, during the meeting, that cooperation mechanisms between MSMEDA and the Ministry of Local Development …

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The Central Bank of Egypt (CBE) has said that the path of global economic recovery depends on the effectiveness, availability, and speed of distributing vaccines for the novel coronavirus (COVID-19).

Egypt’s special drawing rights jump by $2.646bn in August: CBE

The Central Bank of Egypt (CBE) has revealed that the balance of special drawing rights (SDRs) included in the net international reserves increased by about $2.646bn in August 2021, to reach about $2.847bn, compared to only about $200m at the end of July 2021. CBE revealed that Egypt’s net international reserves rose to $40.672bn in August 2021, compared to $40.609bn in July. According …

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Egypt’s SME Development Agency aims to market small business products in Africa

Nevine Gamea, Minister of Trade and Industry, and Executive Director of the Micro, Small, and Medium Enterprises Development Agency, stressed that increasing cooperation and trade exchange with African countries is one of the top priorities for the Egyptian state at present. She indicated that MSMEDA is working in coordination with various concerned authorities to benefit from the promising African market to market …

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HDB wins 'Fastest Growing Commercial Bank', 'Fastest Growing Credit Card Issuer' awards from Global Brands

HDB wins ‘Fastest Growing Commercial Bank’, ‘Fastest Growing Credit Card Issuer’ awards from Global Brands

The Housing and Development Bank (HDB) has been awarded “Fastest Growing Commercial Bank” and “Fastest Growing Credit Card Issuer”, from Global Brands Magazine.The magazine awards aim to highlight institutions and brands around the world that offer an outstanding level of performance and innovation.These awards are granted according to several specialised technical criteria, according to the …

Hossam Mounir