Latest in Tag: Tarek Amer Highlight
Latest in Tag: Tarek Amer
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
Court suspends CBE’s decision to limit tenure of bank heads to 9 years
Tarek Amer, the CBE’s governor, issued a decision at the end of March limiting the tenure of bank heads to nine consecutive or intermittent years.
Banking sector provides $33.7bn to cover needs of state, importers in 7 months: CBE’s Governor
Amer demonstrates with Al-Sisi the CBE’s efforts to support foreign exchange reserves and banks’ role to alleviate foreign currency crisis in the market
Negligence of foreign currency resources aggravates ballooning dollar crisis
A decline in revenues from tourism, FDI, the Suez Canal and Egyptian exports continues to burden Egypt’s foreign reserves
Amer denies plans to devalue Egyptian pound after its price falls in informal market
While the dollar is scarce, trader’s speculation has also driven inflation, says banker
Prime Holding publishes recommendations on reducing Egypt’s $60bn import bill
Egypt can reduce its value of imports by $20bn, the paper suggests
In Cartoon: Sawiris and Tarek Amer fight
Sawiris and Tarek Amer fight: flashback to previous battles with the state?
Businessman Naguib Sawiris insists that Tarek Amer used his position to prevent state-owned banks from funding his bid to acquire CI Capital
Minister, CBE governor to reschedule EGP 40bn debts of public companies: government source
Suspension of debt collection from companies will halt accumulation of interests on principals until their reform
Amer calls for bank leaders to hold expanded meeting next Sunday
Meeting is first of its kind since Amer took office in November 2015, first confrontation between him and excluded bank leaders
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
Amer reveals CBE’s monetary policy
New policy aimed at reducing inflation and financing growth through a more flexible exchange rate policy
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
Moody’s praises CBE pound devaluation
Flexible exchange rate can offset some major challenges, Moody’s says
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
Unflagging EGP decline threatens Egypt’s economic growth
US dollar is forecasted to break EGP 10 threshold
MPs suggest change in monetary policy punctuated by floating exchange rate
House of Representatives will request Governor of CBE disclose his strategy in dealing with the dollar crisis
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
Amer, banking leaders attend Builders of Egypt Forum to highlight banking sector’s role financing major projects
The forum this year will focus on development of national projects
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
EGP 2tn size of the Egyptian banking sector by the end of 2015: Fayed
The size of the Egyptian banking sector was EGP 2tn by the end of 2015, according to Deputy Governor of the Central Bank of Egypt (CBE) Tarek Fayed
First portion of WB loan has not entered CBE yet: CBE Deputy Governor
Deputy Governor of the Central Bank of Egypt (CBE) Tarek Fayed asserted said the first portion of the loan agreed upon with World Bank (WB), estimated at $1bn, has not entered CBE yet
Amer presents to Al-Sisi CBE efforts to stabilise prices, secure staple goods
The CBE governor met with the president to discuss the programme developed to achieve macroeconomic stability
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
CBE pumped $8.3bn to cover imports between 29 October and 12 December: Amer
The Central Bank of Egypt (CBE) has pumped $8.3bn between 29 October and 12 December to cover import operations and pay foreign state dues, CBE Governor Tarek Amer said. Amer explained, during a CBE conference on Thursday, that the CBE is committed to paying off the state’s hard currency dues. He noted that Egypt did …
Amer informs Ministry of Finance of banks’ rejection of VAT
A high-level meeting was held between Ministry of Finance and CBE to discuss a solution