El-Okdah’s FX Auction Reason Behind Dollar Shortage: Ali Fayez
Ali Fayez, former general manager of Federation of Egyptian Banks (FEB), stated that the FX auction mechanism,…
Browsing Tag
Farouk El-Okdah
CBE’s MPC To Hold Last Meeting Headed By Farouk El-Okdah Tomorrow
The Monetary Policy Committee at the Central Bank of Egypt (CBE) holds its first meeting in 2013 next Thursday to…
Amer Leaves Upon El-Okdah’s Resignation, El-Kosayer Most Likely To Succeed Amer
An expected resignation was submitted yesterday by Tarek Amer, chairman of the National Bank of Egypt (NBE), to…
El-Okdah: IMF’s Delegation To Visit Egypt In Two Weeks
The International Monetary Fund’s delegation will be visiting Egypt in two weeks so as to resume the talks over the…
Egypt’s New Central Bank Chief Says Not Worried About Currency
Egypt's newly named central bank chief sought to reassure investors on Thursday there was no need to be worried…
IMF Held Productive Discussions With Egypt; Official
The International Monetary Fund held "productive" discussions with Egypt about its economic strategy, a senior…
US Dollar Hikes EGP 0.4 In Week, Differing Views On CBE’s Intervention
A number of exchange market experts asserted that the U.S. dollar has recorded an increase in a week ranging…
Hisham Ramez Rejects CBE’s Governor Post
Hisham Ramez, vice chairman of Commercial International Bank (CIB), has turned down an offer to be Governor of the…
Farouk El-Okdah To Leave CBE Upon Approval Of New Constitution
A number of bankers affirmed that Dr. Farouk El-Okdah, Governor of Central Bank of Egypt (CBE), will leave his…
Get To Know Egypt’s Potential CBE Governor; Hisham Ramez
On December 22nd, the Egyptian president Mohamed Morsi has met with CIB's Managing Director Hisham Ramez. News were…
Farouk El-Okdah Denies Resigning From CBE
The Governor of the Central Bank of Egypt (CBE) Farouk El-Okdah denied what was published that he resigned…
CIB’s Hisham Ramez Likely To Be CBE’s Governor
Hisham Ramez, vice chairman and managing director of Commercial International Bank (CIB) and former deputy governor…
Egypt-IMF Talks To Be Resumed After New Year’s Holiday: El-Okdah
Dr. Farouk El-Okdah, Governor of Central Bank of Egypt (CBE), reviewed in his quarterly meeting with chairmen of…
CBE’s Farouk El-Okdah Left For Paris
Farouk El-Okdah, Governor of the Central Bank of Egypt, traveled to Paris today. Nidal Assar, Deputy Governor of…
Talks With IMF Won’t Be Affected By El-Okdah’s Resignation: Experts
A number of bankers affirmed that if Farouk El-Okdah leaves his position as Governor of the Central Bank of Egypt…
Farouk El-Okdah’s Resignation Not To Affect Egypt’s Monetary Policy: FJP
Dr. Mohamed Gouda, official spokesman and member of the Freedom and Justice Party (FJP)'s Economic Affairs…
Egypt’s Ministerial Group Reviews Economic Situation And Govt’s Plan
The ministerial economic group held a meeting this morning led by Egyptian Prime Minister Hesham Kandil, to review…
Egyptian Banking Sector’s Investments In T-Bills Hit EGP 373.9 Bln In August
The Egyptian banking sector’s investments in treasury bills surged by EGP 3.46 billion (0.9%), registering EGP…
Deposits Held By Banking Sector Rose To EGP 1.035 Trillion In August
The volume of deposits held by the Egyptian banking sector witnessed an increase of EGP 46.457 billion (4.7%) in…
Egypt’s Local Liquidity Up To EGP 1.115 Trillion In August
The Central Bank of Egypt (CBE) stated that the local liquidity rose by EGP 13.3 billion (1.2%), registering EGP…
Credit Facilities Offered By Banks Hit EGP 505.5 Bln In August: CBE
The Central Bank of Egypt (CBE) has issued a report indicating that the value of credit facilities offered by the…
Okdah, Saleh To Appoint New Chairman For Export Development Bank
The Central Bank of Egypt's Governor Farouk El-Okdah and the Minister of Industry Hatem Saleh will conduct talks to…
CBE Fixated Interest Rates On Modest GDP Growth, Declining Inflation
The Central Bank of Egypt’s (CBE) Monetary Policy Committee has kept overnight deposit and lending rates unchanged…
CBE’s El-Okdah Fosters Investors’ Confidence In Egyptian Economy
Dr. Farouk El-Okdah succeeded in developing the Central Bank of Egypt’s (CBE) human resources in all departments,…
El-Okdah Does Not Face Graft Charges: CBE
The Central Bank of Egypt (CBE) denies what was published in some online websites that Farouk El-Okdah and Gamal…
Banks’ Investment In T-Bills Fell EGP 2.9 Bln In July
The value of outstanding balances of treasury bills witnessed a monthly decline of EGP 2.9 billion (0.7%),…
Egypt Won’t Devalue Egyptian Pound Against US Dollar: El-Okdah
The Governor of the Central Bank of Egypt Farouk El-Okdah insisted that there is no plans to devalue gradually the…
Experts Expect CBE To Keep Interest Rates Unchanged
The Monetary Policy Committee is expected to leave overnight deposit and lending rates unchanged in its meeting…
CBE Warns Against Fake Websites
The Central Bank of Egypt (CBE) has warned on its official website against fake website using the regulator's same…
Egyptian Pound Sets For First Weekly Gain, Dollar Bonds Rose
The Egyptian pound is headed for the first weekly gain in five after stocks climbed and on signals there won’t be a…
Egypt Economy to Slow in Q2 of 2012
Egypt's economic growth will slow to fewer than 2 % this year from 2.5 per cent last year because of political…
AMF Arranges US$ 65 Mln Loan For Egypt
The Arab Monetary Fund (AMF) said on Sunday it was arranging a US$65 million credit facility for Egypt to help the…
‘People Of Egypt Forum’ Seeks Egyptian Economy Upgrade
On Saturday, ‘People of Egypt Forum’ has been launched by a group of businessmen, economists, and media figures…
Farouk El Okdah Left For London, No Reason Declared
Dr. Farouk El Okdah, governor of Central Bank of Egypt (CBE), left for London, while Adel Abdel Hamid, minister of…
Banque Misr To Announce Financial Results 2010/11 By Mid June
Central Bank of Egypt (CBE) will approve Banque Misr’s financial results for FY 2010/2011 ended in June 2011 in the…
Banque Misr Profits Expected To Post EGP 520 Mln
Central Bank of Egypt (CBE) will approve the financial results of Banque Misr for the FY 2010/2011 ended in June…
CBE To Offer EGP 4 Bln T-Bills Sunday
Central Bank of Egypt (CBE) will offer tomorrow (Sunday) EGP 4 billion of 91- and 273-day treasury bills. CBE will…
CBE Establishes SMEs’ Credit-Risk Mechanism
Dr. Farouk El-Okdah, governor of Central Bank of Egypt, said that the regulator studies introducing a credit-risk…
Saudi- Egyptian Diplomatic Tensions not to affect Financial Aid
Farouk el-Okdah, the governor of the Egyptian central bank has said diplomatic tensions between Egypt and Saudi…
Bankers Criticize CBE’s Refusal to Give More Islamic Banking Licenses
Some bankers criticized Central bank of Egypt’s refusal to give more Islamic banking licenses to four commercial…