Egypt names deputy c bank head as new chief

EGYPT - Egypt on Tuesday named Deputy Central Bank Governor Mahmoud Abu el-Ayoun as head of the central bank, Egypt's official state-owned Middle East News Agency (MENA) said.

"Abu el-Ayoun stated that Prime Minister Atef Obeid informed him of President Hosni Mubarak's decision on his appointment as the governor of the central bank," MENA said.

Ayoun had temporarily taken control of the bank earlier this month after the term of former governor Ismail Hassan expired. MENA had said Hassan, who sp