CIB appoints Hisham Ramez as managing director
Commercial International Bank (CIB), Egypt's largest listed company, said on Sunday it had appointed former…
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Hisham Ramez
Egypt Central bank chief appoints caretaker governor for the rest of his term
Central Bank of Egypt (CBE) Governor Hisham Ramez appointed deputy governor Gamal Negm to serve as caretaker…
Economists Divided On CBE’s Next Interest Rate Decision
Economists in Egypt are divided over the direction the Central Bank of Egypt (CBE) will move its key policy…
Can Egypt’s new central bank chief calm currency crisis?
When Egypt’s central bank governor Hisham Ramez quit, phones began ringing as bankers congratulated each other on…
Outgoing c.bank chief Ramez: Investors care about dollar availability in Egypt, not price
The Central Bank of Egypt (CBE) has just carried out another devaluation of the Egyptian Pound against the US…
BREAKING: Egypt’s Sisi names Tarek Amer as new central bank chief
Egyptian President Abdel Fattah al-Sisi has named Tarek Amer, former chairman of the country’s biggest state bank,…
Egypt unemployment rates fall to 12.7% in June – Official
The unemployment rates in Egypt retreated to 12.7 percent by the end of June 2015 against 13.3 percent a year…
CBE Governor Says Pound Depreciation Not Worrying
Egyptian central bank governor Hisham Ramez has sought to calm local market nerves following a surprise 2.5 percent…
Egyptian Banking Sector registers $262 bln end 2014: Official
The volume of Egyptian banking sector recorded EGP2 trillion (US$ 262 billion) at the end of 2014,…
Central Bank of Egypt reduces FX Auction Days to 3 per Day
Egypt's central bank (CBE) announced Thursday it will only hold three foreign exchange auctions per week, instead…
Arab Banking Conference 2015 kicks off in Cairo today
Egypt is hosting today the Arab Banking Conference 2015, with the theme of 'Financing for Development'. The…
Egypt Central Bank may cut Rate today on Gulf Aid; EFG-Hermes says
Egypt’s central bank is likely to cut interest rates on Thursday after receiving US$6 billion in deposits from Gulf…
Egypt Central Bank to receive $6 billion Gulf Deposits in 10 Days – Official
Egypt’s central bank is expected to receive US$6 billion in deposits from Gulf Arab countries within 10 days, the…
Gulf Allies’ Central Bank Funds to arrive in Egypt within Days Official
Central bank deposits that Egypt's Gulf allies pledged at the Economic Development Conference will arrive in the…
Egypt to keep using Interbank Market “in Coming Period” – C. Bank…
Egypt's central bank will continue using the interbank market "in the coming period" alongside regular dollar…
Egypt’s Central Bank sells $420 million in Interbank Market
Egypt's central bank said on Sunday it sold $420 million in the interbank market, after a regularly held dollar…
Egypt Banks saw Cash Inflows of over $400 mln in a Week: CBE Governor
Over $400 million were sold to Egyptian banks in cash last week, announced the governor of the Central Bank of…
Egypt’s Central Bank Governor sees Currency Black Market ending “Soon”
Egypt's central bank governor Hisham Ramez said the once-flourishing currency black market "will end soon" as the…
Egypt Economy won’t rely on Aid – C.Bank Governor
Egypt’s economy is facing multiple challenges, Egyptian central bank governor Hisham Ramez said during his visit to…
2015 SME Regional Conference kicks off Today in Egypt
Egyptian Prime Minister Ibrahim Mahlab and Central Bank Governor Hisham Ramez have inaugurated today the 2015 Small…
Egypt Needs More Flexible Exchange Rate – IMF
Egypt would benefit from a more flexible currency regime that would help the country attract investment and…
‘Technical Measures’ to Control Currency Black Market – Egypt C.Bank Governor
Egypt's central bank governor said on Wednesday he would address the black market in the Egyptian pound, which has…
C.Bank: Egypt Returns US$500 million to Qatar on October1
Central Bank of Egypt (CBE) Governor Hisham Ramez said Egypt returned US500 million in October1 to Qatar and it…
Suez Canal Certificate Sales Pump EGP27bn into Egypt’s Banks: Official
Investment certificates issued earlier this month to finance the digging of a new Suez Canal have attracted EGP 27…
Qatar Did not Request Deposit Withdrawal from Egypt – Official
Egyptian authorities have not received any request from Qatar to return its $2.5 billion deposited in the Egyptian…
Euromoney Egypt 2014 Kicks off Today
The world’s leading organizer of conferences for capital markets and cross border investments, Euromoney…
Revenues of Suez Canal Record EGP4.5bn Till 2 O’clock p.m Today – Official
Governor of Central Bank of Egypt (CBE) Hisham Ramez revealed that Suez Canal investment certificates collected…
Egypt Raises EGP8 billion on Day Four for New Suez Canal
8 billion Egyptian pounds (US$1.12 billion) were raised on the fourth day of selling Suez Canal investment…
Egypt Raises EGP5.5 billion on Day Three for New Suez Canal
5.5 billion Egyptian pounds (around US$769 million) were raised on the third day of selling Suez Canal investment…
CBE: Egypt’s Foreign Reserves Rise to $16.8 billion in August
Egypt's foreign reserves recorded a $99 rise to hit $16.835 billion at the end of August from $16.736 billion in…
Revenues of Suez Canal Certificates Hit EGP6bn on First Day
On the first day of release, Egypt’s banks sold over EGP 6 billion (around $856 million) worth of investment…
C. Bank Will Offer Tomorrow Suez Canal Investment Certificates
Central Bank of Egypt (CBE) announced for offering Suez Canal's investment certificates tomorrow, National Bank of…
Suez Canal Project Investment Certificates Available in EGP Only
The investment certificates which the government of Egypt will issue to finance a project to extend the Suez Canal…
4 Banks Eyes Suez Canal Investment Certificates Issuance Monday
Four Egyptian banks are targeting the issuance of investment certificates next Monday, dedicated to fund the new…
CBE Awaits Sisi’s Approval on Suez Canal Certificate Draft Law
Egypt's President Abdel Fattah al-Sisi is expected to issue a draft law regulating the legal procedures related to…
AlexBank Won’t Contribute to ‘Long Live Egypt’ Fund – CEO
AlexBank, a member of Intesa Sanpaolo Group, will not contribute to 'Long Live Egypt' fund, CEO Roberto Vercelli…
Egypt Has Repaid $700 million to Paris Club – CBE
Egypt paid last Friday, July 4th a US$700 million installment to the Paris club, the country's central bank…
United Bank Opens new Account to Support ‘Long Live Egypt Fund’
In a quick response to the initiative launched by the Egyptian President and the central bank, the United Bank…
Forex Policies Successful that Could Eliminate Black Market in Egypt – C.bank Governor
The policies of Egypt's central bank are succeeding in restoring stability to the foreign exchange market and…
Exclusive – No Maximum Daily Withdrawal Limits on EGP Deposits; C.bank Chief
Egyptian central bank's Governor Hisham Ramez has refuted on Monday reports that Ministry of finance recently…