Egypt
People: Haitian ex-governor appointed prime minister; Egyptian ex-governor rejoins largest bank
Ex-governor becomes interim premier amid severe political instability; Egyptian ex-governor returns to country’s largest commercial bank; Venezuelan central bank appoints new director
Egypt central bank ‘kept eyes on inflation’ as it devalued currency
Head of risk at Central Bank of Egypt says the institution considered wider impact of devaluations on the economy; staff welcomed new governor last week
Egyptian presidency picks deputy governors and board members at central bank
President el-Sisi appoints a new deputy governor and three new members to Egypt’s central bank board, while one incumbent deputy receives a second term
Egyptian governor to resign early with former deputy waiting in wings
Hisham Ramez, governor of Egypt’s central bank, announces early resignation; successor urged by country’s President to ensure citizens have access to ‘basic goods’ after subsidy cuts
Central Bank of Egypt seeks help at home and abroad to shore up currency reserves
CBE governor wins $3bn in grant and interest-free loans from the UAE; bank launches ‘Egypt support' fund amid political unrest
No ‘credit crunch' in the Middle East after Basel I, IMF paper finds
Despite higher capital adequacy ratios, banks expanded credit and asset growth, according to new research
Central Bank of Egypt hikes rates as reserves dwindle and inflation rises
Monetary Policy Committee agrees 50 basis point rise despite ‘feeble’ growth, as inflation shows highest rise since 2010 and reserves fall to critical levels
Egypt takes new steps to halt economy's downward slide
Central bank adjusts exchange rate rules as Egyptian government announces it will complete its economic reform plan by the end of this week
People: Egypt deputy resigns; HKMA shuffles pack
Egypt's first female deputy governor follows her boss to the exit; HKMA assigns three executive director portfolios
Egypt appoints new central bank governor
Egyptian central bank governor resigns, replaced by former deputy; negotiations ongoing with the IMF
Central Bank of Egypt grapples with falling currency
Egyptian pound continues fall after currency auctions by central bank; follows rating downgrade as concerns raised over impact of political turmoil and weakening economy
Arab Spring countries boast higher credit limits, says Finnish paper
Bank of Finland research shows Middle Eastern and North African countries that experienced uprisings lend more to small businesses
Egyptian official recalls emergency planning during unrest
Manager of risk department at the Central Bank of Egypt describes what happened when social unrest took hold of the country; bankers decamped to a hotel in the suburbs to maintain services
Lagarde calls Arab Spring a ‘beacon of light’
Christine Lagarde expresses her hope for the countries affected by the Arab Spring uprisings; calls on international community to support the growth of economies in the region
Egypt renews governor’s term
Farouk El-Okda to serve another four-year term; new-look board of governors also revealed
Central Bank of Egypt denies involvement in illicit money transfer
Central Bank of Egypt says it did not participate in the transfer of funds abroad pertaining to former leader Hosni Mubarak
Egypt banishes bankers from board of directors
New central bank law means bank employees cannot serve on the board; number of members of the board of directors will be reduced
Next year's IMF/ World Bank meet no longer in Cairo
IMF and World Bank Group to hold 2012 annual meetings in Japan; plans to meet in Egypt abandoned after unrest in the country
Egypt asks IMF for loan
IMF announces Egypt has requested a loan of $10 billion-12 billion
Egypt's banks gradually reopen
Central Bank of Egypt says 396 more branches will reopen on Thursday and resume normal working hours; stock exchange also to reopen
Central Bank of Egypt advises banks to close amid continuing protests
Some banks in Egypt close on Sunday and Monday on central bank guidance; Moody’s downgrades country on fears over political situation
Egyptian central bank to sell bank stake
Farouk al-Okdah, governor of the Central Bank of Egypt, told reporters that the central bank intends to sell its minority stake in British Arab Commercial Bank (BACB).
Egypt narrows rate corridor with cuts
The Central Bank of Egypt narrowed its rate corridor and loosened monetary policy in a bid to foster credit growth.
Egypt sees first cut for nearly three years
The Central Bank of Egypt cut interest rates for the first time since April 2006 on Thursday.