Latest in Tag: Tarek Amer Highlight
Latest in Tag: Tarek Amer
CBE promotes 5 senior officials to deputy governor
Ramy Abu al-Naga took over monetary markets and reserve management, Essmat Hussein for payment systems, Mai Abu al-Naga for controlling banks, Mohamed Ibrahim for internal internal auditing and Hany Omar for security sector
Pound strengthens due to market supply and demand mechanism: Amer
The CBE governor told the president that the bank didn’t intervene to support the local currency
CBE completes electronic linking system with COMESA banks
The project is a new positive step towards supporting Egyptian economic relations with African countries, says CBE governor
CBE’s decision to raise interest rate continues to stir controversy
The decision was great and emphasised the bank’s determination to activate its most important tools in the fight against inflation and not just abiding to the requirements of the IMF, says Abdel-Aal
CBE holds hope on Banque du Caire to support microenterprises: Amer
The bank injected 1.5 million loans to project owners until the end of 2016, with a total cumulative value of EGP 11bn
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
Ambiguity surrounding CBE’s decision on interest rate in Sunday’s meeting
IMF confirms that using interest rate is the right tool to face inflation in Egypt, the market excludes the possibility of increasing the interest rate
CBE completes new Banking Law draft, sends it to FEB for review
Foreign exchange shortage is over as Egypt collected $45bn since flotation, says CBE Governor
CBE Governor meets international financing institutions officials during IMF meetings
Tarek Amer, the Governor of the Central Bank of Egypt (CBE), had held a series of meetings in Washington and New York before the spring meetings of the International Monetary Fund (IMF) took place on Thursday. According to a report by the CBE, Amer met with representatives of the management of capital market and investment, …
Banking sector to rise up for supporting SMEs
EGP 101bn finances granted from banks to this sector so far, says Amer
CBE is ready to repay Egypt’s foreign obligations: Amer
We have large inflows of foreign exchange and strong reserves that will aid us in repaying any obligations on time, says the CBE’s governor
SWIFT announces Business Forum Egypt to discuss issues of financial sector
“As we continue to reform the banking sector, it is critical to remain an integral part of the global community,” says Amer
No waiting lists for dollar, we provided $71bn since November 2015: CBE Governor
Egypt will pay $1.5bn of foreign oil companies arrears in 2017
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
Repatriation of profits for foreign investors to resume soon: CBE governor
The banking system was able to secure inflows of $7.5-8bn since the flotation of the Egyptian pound
CBE dismisses rumours of Tarek Amer’s resignation
Amer will willingly complete his four-year constitutional term
CBE cancels meeting with representatives of investor associations
Amer refuses attendance of legal advisor to the associations
Banks secure $2.2bn to meet customers’ needs since pound flotation: cabinet
Banks have received $2.6bn as of Monday, says CBE governor
Large portion of dollars in banks since Monday come from customers switching saving schemes to Egyptian pounds: prominent banker
High expectations that foreign currency deposits will decrease while Egyptian pound deposits will increase by end of the month
Federation of Egyptian Banks to meet Sunday in presence of CBE governor
The meeting is planned to discuss the most significant issues in the banking field at this time
Pound’s flotation on the table since December 2015 as part of an integrated economic reform programme: CBE governor
Amer reveals preparations behind 3 November decisions, saying they were supported by political leadership
$1.2bn secured for importing food commodities for 6 months: CBE
Tarek Amer held a press conference on Thursday to disclose the details of the CBE’s decision to float the Egyptian pound
Egypt obtains pledges worth $16.3bn for financing economic reforms during FY 2016/2017
Tarek Amer said that those countries include seven leading industrial countries and Arab countries, in addition to the IMF
President Al-Sisi meets with CBE’s Governor
Amer said during the meeting that the initial agreement reached between Egypt and the IMF is moving forward as planned
IMF loan is last option for Egypt to escape economic crises: experts
IMF-leveraged deal is mandatory; a refusal would lead to losing loan sources, say experts
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
EGP devaluation: did the market misunderstand Amer or was confusion intended?
Amer had ruled out devaluation of the Egyptian pound before exchange reserves reached $25bn
The government asks for money, simply because it can: economics professor
Poor financial planning, using loans in the wrong projects are the largest external debt problems
CBE governor claims report on IMF loan was incorrect
Reuters reported on Monday that Egypt is negotiating a loan worth $5bn; Amer denies to Daily News Egypt