Latest in Highlight
Directives from president to allocate EGP 100m for industry sector, EGP 50bn for medium housing with 10% interest
Amer, whose term ends this week, was appointed in 2015, succeeding former governor Hisham Ramez.
13% of short-term debts are deposits from Arab countries that are renewed every four years
CBE governor discusses with communications minister enhancing cooperation to transform into digital economy, achieve financial inclusion
President showed great courage in face of challenges, giving us support to make difficult decisions, says Amer
CBE, banks proceeds amount to $5.6bn in January, Paris Club premiums down to $350m, including $60m paid in December 2017, $290m in January
Restructuring the Credit Guarantee Co. S.A.E is an important step to provide financing for new companies, says Helal
Pushing local development, manufacturing top public banks’ priorities, says Amer
Inclusion of 9 m clients in mobile banking services
The project is a new positive step towards supporting Egyptian economic relations with African countries, says CBE governor
Egypt will pay $1.5bn of foreign oil companies arrears in 2017
Amer reveals preparations behind 3 November decisions, saying they were supported by political leadership
New policy aimed at reducing inflation and financing growth through a more flexible exchange rate policy
The forum this year will focus on development of national projects
A high-level meeting was held between Ministry of Finance and CBE to discuss a solution
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.
Black market records EGP 8.30 for dollar, while banks maintain it at EGP 8.03
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.
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.