Egypt
Tripartite protocol on banking supervision signed
Jean-Claude Trichet and Dr. Farouk El Okdah, governor of the Central Bank of Egypt, on 13 November signed a Tripartite Protocol to mark the start of a Eurosystem Technical Assistance Programme on Banking Supervision.
Central Bank of Egypt - Annual Report 2003-2004
The Central Bank of Egypt has published its Annual Report for the year 2003-2004. The domestic economy has headed towards improvement during FY 2003/2004, according to the report.
Egyptian cb reorganised
The Egyptian government has slimmed down the decision-making body of the Central Bank of Egypt, appointing a new seven-member committee to set short-term monetary policy and supervise the banking sector. This structure replaces the previous board of 11…
Egypt - UK central bank agreement planned
Officials from the Central Bank of Egypt (CBE) have met for talks at the Bank of England's Centre for Central Banking Studies (CCBS) to launch a cooperation agreement between the CBE's Egyptian Banking Institute and the CCBS, according to the MENA news…
Egypt's Shura Council gives approval to bank law
The draft law of the central bank of Egypt on the banking sector and foreign currency has been approved by the Shura Council, according to a report by the MENA news agency.
Egypt imposes hard currency controls
Egyptian authorities have introduced a decree which aims to halt the decline in reserves at the central bank, according to Associate Press. The conflict in Iraq is expected to make the situation worse with income from tourism severely restricted.
Egypt: 6-month BOP surplus of 152.7m dollars
The governor of the Central Bank of Egypt (CBE) has presented a report to the country's president in which he said that the balance of payments realized a surplus of 152.7m dollars during the first six months of the current fiscal year compared to a…
Egypt cb says forex market more stable
The governor of the Central Bank of Egypt Mahmud Abu-al-Uyun told bankers that, 10 days after the liberalization of foreign exchange, the forex market is becoming increasingly stable.
Egypt central bank plays active money market role
A new general monetary policy will be applied to push forward the national economy, the Governor of the Central Bank of Egypt (CBE) Mahmoud Abul Eiyoun said Wednesday.
Egypt central bank sets new monetary policy plan
Egypt's central bank governor has announced details of instruments that would be introduced under a new monetary policy which would encourage greater transparency in the market. Earlier in October we reported that Egyptian President Hosni Mubarak was set…
Egypt, Russia sign banking cooperation agreement
EGYPT - The Central Bank of Egypt and the Central Bank of Russia today, 16 October, signed an agreement on promoting cooperation in banking domains between the two nations.
Egypt's Mubarak in charge of central bank
EGYPT - Egyptian President Hosni Mubarak said Thursday that the central bank would come under his office's supervision, in a bid to deal with an estimated $2,6bn bad debt problem affecting local banks.
Egyptian foreign reserves rise to 14.147bn dollars
EGYPT - The Egyptian economy has rebounded by showing a marked improvement in June 2002 in comparison to the previous month, according to a report released by the Central Bank of Egypt.
Arab Monetary Fund chief lauds Lebanon, Egypt
LEBANON - Lebanon and Egypt represent a role model for other Arab countries in fighting money laundering and terror finance, the Arab Monetary Fund chief said Monday.
Egypt central bank reports fall in bank liquidity
EGYPT - The central bank has revealed a continued downturn in commercial banks' performance over the past period. Rates of capital efficiency and of net profits and incomes have gone down. Also, the banks' liquidity crunch has worsened due to a decline…
Egypt cb opens new check clearing house
EGYPT - The new electronic Cairo Clearing House at the Central Bank of Egypt (CBE) was inaugurated yesterday. Its services will be available to banks nationwide and its computerized system will be capable of clearing up to 100,000 cheques a day.
Egypt's banks forced to achieve world standards
EGYPT - Governor of the Central Bank of Egypt (CBE) Mahmoud Abul Oyoun announced yesterday that the government is studying new measures to encourage bank mergers to keep pace with world changes in this regard.
Egypt calls for aid
EGYPT - Egypt is to ask international donors for financial support of $2.5bn to help it plug the gap in the country's accounts.
Egypt - New central bank role enshrined in law
EGYPT - The cabinet on 27 November approved a new law giving the Central Bank of Egypt greater authority over monetary policy and extending its supervisory role.
Egyptian central bank cancels import restrictions
EGYPT - The Central Bank of Egypt said Monday it had cancelled import restriction proposals that were designed to protect the declining Egyptian pound and boost the sluggish economy.
Egyptian draft law for independent c bank approved
EGYPT - Egypt's cabinet approved Tuesday a draft law to make the Central Bank of Egypt independent from the now-defunct economy ministry, according to a cabinet official.
Central bank appointment gets warm welcome
EGYPT - Cairo bankers have reacted positively to the appointment of Mahmoud Abul-Ayoun to the post of governor of the Central Bank of Egypt.
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.
Egypt's central bank deputy becomes temporary head
EGYPT - Egypt's deputy central bank governor, Mahmoud Abu Al-Ayoun, is standing in as the governor of the bank until a new one is appointed to replace Ismail Hassan, a central bank official said Monday 15 October.