Latest in Tag: CBE governor Highlight
Latest in Tag: CBE governor
Egypt works hard to contain current, future inflation, maintain jobs, investments: CBE Governor
During the opening of the 29th Afreximbank Annual Meetings on Wednesday, Amer said: “We are happy that we still have inflation under reasonable control, considering the global inflation, however, we keep thinking about solutions for the unprecedented crisis in the world.”
CBE Governor, South Korea Ambassador discuss strengthening bilateral cooperation
Both agree that Egypt is promising market with geo-political, geo-economic importance
CBE Governor inspects building of new printing press and Cash Center at NAC
Amer also inspected the process of installing new production lines for the printing press and its operational experiments. An official CBE source said in statements that the construction work on the new printing press is nearing completion, in preparation for it to start work.
Why CBE Governor Tarek Amer was selected to serve another 4-year term?
CBE under Amer succeeded in managing the files of monetary policy and exchange market, which reflected positively on the performance of the national economy as a whole, say bankers
CBE governor, communications minister discuss expanding banking services in villages
Amer witnesses signing cooperation protocol to train workers of banking sector in fields of information security, data analysis, financial technology, AI
CBE governor calls for enhancing independence of central banks in Africa
During meeting of Association of African Central Banks in Dakar
Dollar value falls by over EGP 0.22, biggest decline in 9 months
American currency supply increases in interbank market amid resumption of foreign investment in government debt instruments
CBE Governor, Libyan bank delegation, discuss fortifying mutual cooperation, exchanging experiences between two sides
Both sides agree on economic issues, pay great attention to technical support, training programmes: CBE
Hassan Abdalla appointed as first assistant to CBE governor, Elwy as CEO of AAIB
Abdalla has served as the former chairperson of the Saib Bank, chairperson of the Union Des Banques Arabes Et Francaises – UBAF in Hong Kong and chairperson of the board of trustees of Oweegypt.
CBE governor to visit Sweden in May: Swedish ambassador
Swedish companies can offer security solutions for Egyptian airports, Thesleff says
Raising interest on the pound is for the benefit of all: CBE governor
The CBE does not consider specific entities when making decisions, Amer said defending MPC’s decision
IMF loan’s first tranche was not used to pay off debts: CBE governor
The total imports in 2016 amounted to $76bn, of which $2.2bn were for maize and beans
Supreme Council for Investment approves establishment of National Council for Payments
The council will work to pivot Egypt towards a cashless community, says CBE governor
Keeping things as they are is impossible: CBE governor
There is no intention to float the pound for now; Amer did not discuss borrowing from IMF, say sources
Court’s suspension of CBE’s decision to limit tenure of bank heads step towards revoking it: El-Sherif Law Firm founder
On Sunday, an Administrative Court decided to suspend the CBE decision that would have limited the tenure of bank heads to nine years
CBE has no right to reduce CEOs’ tenures under banking law: legal adviser
CBE Governor Tarek Amer surprised the banking sector by issuing a decree on Thursday to limit the tenure of executive officials in banks to nine years, whether consecutive or cumulative
Programme to transfer profits of foreign companies operating in Egypt abroad promotes confidence in economy
CBE coordinates with international institutions to export share of production, experts demand raising competitiveness of Egyptian economy, currency reform
Dollar deposits jump 2130% following pound devaluation: Amer
Depreciating the pound is a corrective measure in response to currency market mismanagement, says Farid
CBE governor claims responsibility for reduction of pound’s value against dollar
In a meeting with the CBE deputy governor and various banking officials, Amer reaffirmed the Egyptian central bank’s role in navigating the Egyptian economy
Amer condemns media for promoting exaggerated dollar prices in informal market
We cannot consider the process of dollar trade outside the banking sector and exchange firms with trustworthy prices, says Mohamed Abdel Aal
CBE Governor denies he was dismissed after accepting post at IMF
The revaluation of the US dollar exchange against the Egyptian pound in the black market, for the first time in history, fueled these rumours
Banking sector allocates EGP 10bn for Housing Ministry to build 450,000 housing units: Amer
About 90% of national output in advanced societies is based on small projects and small- and medium-sized enterprises (SMEs) which have become CBE’s new strategic goal now after they were neglected in the previous period
CBE to consider floating pound when foreign reserves hit $30bn
Actual value of imports amounts to approximately $90bn, in addition to smuggled goods worth approximately $9.6bn, says Amer
Egyptian economy will not be affected by dollar crisis: CBE Governor
Those who reject CBE’s decisions are “unpatriotic”; Egypt is the most profitable market for local and foreign investors, says Amer
CBE Governor denounces media reports on Egypt delaying payment of foreign dues
The CBE covers the state’s requirements of the strategic and basic commodities, including petroleum, says Amer
New CBE Governor Tarek Amer denies having Facebook page
Amer said he deactivated his Facebook account on 17 October, four days before his appointment as the new governor of CBE
CBE to inject $1bn after new governor officially takes office
Last week CBE issued $1bn as part of bank’s plan to flood the market with a total of $4bn to meet the requests for foreign currency in import contracts
Outgoing CBE governor honoured by FEB
Since becoming CBE governor in February 2013, Ramez faced many challenges, most notably attempts by the Muslim Brotherhood to change the operations of the institution. He worked hard to maintain the bank’s independence throughout the controversial period.
Recommendations given to new CBE governor in community dialogue
PwC and N Gage Consulting organised the workshop
CBE governor, FEB to meet with tourism investors in South Sinai Sunday
Demands include the postponement of dues to banks for more than a year, to spread them out in instalments, according to sources