Amer closed his personal account on Facebook on 17 October and denies any connection to fake pages
Latest by Hossam Mounir
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on Thursday evening to keep basic return prices at the latter during the last meeting when previous CBE governor Hisham Ramez resigned. Basic return prices at CBE are used to determine the interest rates on the Egyptian pound in deposit, lending, and …
The result of ADIB’s operation revealed that it achieved a net profit, before taxes, during the first half of 2015, amounting to EGP 336.2M, an increase of 43% from the first half of 2014.
According to analysts, MPC is highly expected to keep the major interest rates at CBE unchanged for the sixth consecutive time during its meeting decided set for Thursday.
Black market records EGP 8.30 for dollar, while banks maintain it at EGP 8.03
Conference organised by Excellent Communications in cooperation with EFSA
The project of promoting financial awareness for the payrolls programme, conducted by Visa in cooperation with EBI, comes as support and to assert on that governmental orientation
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 …
Report shows results of different local and international operations throughout banks
16.242m debit cards issued by banks operating in Egyptian market until mid-2015 and 7,855 ATM serving customers
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.
The Egyptian pound will not rise because of a new governor, says Abdel Aal
According to Rokaya Riyad, Chief Legal Sector of the Federation of Egyptian Banks (FEB), all the decisions and actions Ramez will take until his tenure expires on 26 November will be 100% legal.
Ramez will head the AIB instead of Gamal Negm who will supposedly retire, according to sources
CBE issued an important Financial Soundness Indicators report; loans to deposits ratio boosted to 41.4%
Analysts expect the new governor to amend some of Ramez’s decisions
Former governor of the Central Bank of Egypt (CBE) Hisham Ramez said he had requested to depart from his position at the CBE and end his tenure three months ago.
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
Adjusting the exchange market, rebuilding reserves, and controlling inflation are the most important challenges, analysts say
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.
Ramez’ and CBE board of directors’ mandate was scheduled to end on 26 November
Expectations of a decline in dollar price on parallel market after departure of Ramez
Fixing dollar price in two upcoming auctions will be strong indication for its stability until end of year, say analysts
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.
NBE ranked first in Egypt and Africa and third in Middle East and North Africa in field of syndicated loans, according to Bloomberg LP
The pound is expected to officially jump to EGP 8.30 before May 2016, says Dcode
Market awaits CBE’s next step; analysts believe July’s stability will be repeated
Banks are rejecting the issuance of letters of guarantee if projects belong to the Sinai region and the Suez Canal area, says Daker Abdellah
According to CBE, the total deposits growth rate of banks in July was about 18.5%. The growth rate of deposits in EGP amounted to about 19.5%, while the growth rate of foreign currency was 14.1%.
Price reaches EGP 8.40 in black market, which is in complete paralysis in anticipation of the central bank’s next steps