Latest in Tag: Tarek Amer Highlight
Latest in Tag: Tarek Amer
CBE pays 25% of credit facilitation for importers
The Central Bank of Egypt has repaid approximately 25% ($1bn) of the total credit facilitations granted by banks for importers in the past period, according to a banking official. The transaction was completed on Sunday, at a dollar rate of EGP 7.7401. The official said banks received an e-mail from the CBE on Sunday evening, stating …
Will CBE succeed in pushing banks to increase dollar resources?
Banks made large profits; it is time to pay part of these profits’ bill and help overcome this crisis: Abdel-Aal
Amer will lead IFSB chairmanship for 2016
He will officially take the role end of the year with Valiollah Seif as deputy chairman
Amer requests bank leaders to support SMEs, arrange credit facilitations
Governor of the Central Bank of Egypt (CBE) Tarek Amer requested bank leaders operating in the local market to support small and medium-sized enterprises (SMEs) and arrange credit facilitations with corresponding banks abroad to finance import operations. Amer met with chairpersons of banks operating in the Egyptian market and their deputies Wednesday afternoon in the …
Amer seeks banks’ support to overcome dollar shortages
Official letter calls for banks to maximise foreign exchange, working with foreign partners
CBE issues exceptional offer to pump dollars in banks to meet import needs
Tarek Amer met with President Abdel Fattah Al-Sisi Wednesday to present his new action plan
Amer holds first CBE board meeting after formation Thursday
The market is also awaiting any indicators from the CBE regarding the trend of local interest rates after the sudden movements taken by some banks in the last period.
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
Amer heads new CBE board meeting Sunday
Market awaits Amer’s new decisions on exchange rate, dollar deposit caps, and covering rest of temporary credit facilities granted by banks to importers
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
Presidential decree reshuffles CBE board
Gamal Negm, Lobna Helal appointed as Deputy Governors
Amer meets with banking leaders in preparation for CBE position
New governor holds meetings with bank leaders and representatives of various economic sectors
Tarek Amer holds consultations to form CBE’s board
The head of a public bank is expected to serve as a deputy governor
Fake Facebook pages nuisance for Amer before officially takes office
Amer closed his personal account on Facebook on 17 October and denies any connection to fake pages
Forex suspended in anticipation of new CBE governor’s decisions
Black market records EGP 8.30 for dollar, while banks maintain it at EGP 8.03
Pharos predicts faster pound depreciation following Amer’s appointment
A study by Pharos cited the newly-appointed governor’s past experiences as a basis to predict further devaluation
Construction sector anticipates solutions with new CBE governor
The construction sector is anticipating the arrival of vital solutions with the appointment of Tarek Amer as the governor of Central Bank of Egypt (CBE), according to Daker Abdellah, member of Egyptian Businessmen’s Association and Egyptian Federation for Construction and Building Contractors (EFCBC). Amer’s experience and knowledge of all problems facing the economy in various …
Amer: CBE’s 13th governor
The Central Bank law No. 88 for 2003 provides in article 10 that the governor is appointed by a presidential decree on the nomination of the Prime Minister for a period of 4 years, subject to renewal.
Will Amer change Ramez’s monetary policy and exchange market management?
Analysts expect the new governor to amend some of Ramez’s decisions
CBE fixes dollar price against pound in first tender after Ramez’s resignation
The CBE offered a third tender to sell dollars to banks operating in the Egyptian market this week, in which the CBE sold $37.8m to banks
Banking leaders hail Amer’s appointment as right step
This is due to his wide experience in managing the monetary policy and the exchange market which he gained during his tenure as deputy governor of the CBE, according to banking leaders in statements to Daily News Egypt.
Tarek Amer, new guardian of the Egyptian pound
Expectations of a decline in dollar price on parallel market after departure of Ramez
Tarek Amer to succeed Hisham Ramez as CBE governor
Al-Sisi expressed his appreciation for Ramez’s and the CBE board’s sincere efforts during his term, which saw acute economic conditions in light of regional and international difficulties.
Trio accused of profiteering
Ahmed Zuweil, Essam Sharaf, Tarek Amer, Nile University, Zuwail City for Sciences, Nile University sit-in