Hossam Mounir

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Size of FDI in Egypt amounts to $4.8bn in 2014

The size of foreign direct investments (FDIs) in Egypt during 2014 amounted to $4.8bn, according to the Arab-Brazilian Chamber of Commerce. The chamber issued a report indicating that the size of FDIs the Arab world reached $43.9bn last year. According to the Chamber, the UAE has been ranked first in terms of attracting FDIs totalling …

Hossam Mounir

CIB seeks to attract Vodafone, Etisalat to Automated Clearing House service

The Commercial International Bank-Egypt (CIB) will activate an agreement with Vodafone-Egypt and Etisalat-Egypt to include them in its Automated Clearing House (ACH) service in the upcoming period, according to a CIB official. According to the source, CIB has conducted 650,000 transactions through the ACH-Debit service within the first six months of 2015, with the number …

Hossam Mounir