Tarek Amer

Bankers laud WB's decision to choose CBE governor to chair WBG, IMF annual meetings in October

Thu, 26 May 2022 - 04:52 GMT

Egypt has managed to ameliorate a lot of consequences associated with the coronavirus crisis the Ukrainian crisis along with the ensuing global challenges related to the sharp increase in inflation rates, they added.

CBE's Tarek Amer to chair October meeting of WB, IMF

Thu, 26 May 2022 - 04:37 GMT

Amer will address the opening meeting as well as the presidents of the WB and IMF.

CBE: we act to make digital banking services accessible to all segments

Sun, 06 Mar 2022 - 02:07 GMT

The CBE plans to expand the establishment of digital banks and make all digital services available 24/7 through an instant electronic payment network.

Global Finance names Tarek Amer as one of world's top ten central bankers

Sun, 05 Sep 2021 - 03:30 GMT

The American magazine said that the world's top ten central bankers received an "A" rating for their excellent performance in curbing inflation, achieving economic growth goals, stabilizing currency and managing interest rates.

Sisi lays down foundations of modern nation for coming generations: businessman Abul Enen

Thu, 10 Sep 2020 - 10:41 GMT

Parliamentarian Mohamed Abul Enein asserted that President Abdel Fattah El Sisi is laying down the foundations of a modern nation for all the coming generations, adding that the Egyptian economy is strong.

Egypt to print polymer banknotes starting 2021: Central Bank governor

Wed, 09 Sep 2020 - 11:11 GMT

Governor of Egypt’s Central Bank Tarek Amer said the country will print new polymer LE 10 ($0.63) and LE 20 (1.27) banknotes as planned earlier starting next year, noting that they would are not meant to cancel the original paper money.

Funding for SMEs support initiative amounts to about LE180B: CBE governor

Wed, 19 Aug 2020 - 09:09 GMT

All indicators reflected the ability of the Egyptian state to cross the repercussions of the coronavirus in order to maintain the stability of its financial and monetary indicators according to the figures and data of the balance of payments for 2019/2020.

CBE weighs expanding industry stimulus package to contractor sector: governor

Sun, 10 May 2020 - 01:36 GMT

The initiative intends to support industry and agricultural manufacturing by securing loans at a declining 8-percent interest rate.

Egypt’s external debt rises by $50B, with $350B spent on projects: CBE governor

Mon, 30 Mar 2020 - 03:37 GMT

The foreign reserves have jumped by more than $30 billion, and the procedures implemented in the past years succeeded in increasing the bank balances abroad to reach $19 billion.

Egyptians withdraw LE 30B in 3 weeks: Central Bank governor

Mon, 30 Mar 2020 - 03:32 GMT

“That’s why CBE decided to set a limit for deposits and cash withdrawals for a temporary period in banks' branches.”

Petroleum derivatives' prices to decline in April: Egypt’s Central Bank governor

Mon, 30 Mar 2020 - 01:31 GMT

Amer indicated during a phone interview with a TV program that oil prices and the exchange of the dollar have recently fallen significantly at the global level.

LE 37B debt settled for 45 clients: CBE

Tue, 18 Feb 2020 - 01:29 GMT

According to Amer, this step was taken after waiving LE 5.4 billion in interest and loan payments.

New CBE law targets developing banking system-governor

Wed, 15 Jan 2020 - 09:40 GMT

Amer made his remarks after the parliament's economic committee approved in principle a government bill on a new law of the Central Bank of Egypt and the banking system.

Egypt receives $70B on its int’l bond issuance

Wed, 11 Dec 2019 - 03:08 GMT

The volume of international bond issuance put up by Egypt amounted to about $20 billion, in light of the developments recently witnessed by the economy, Amer said.

Total dollar flows to Egypt hit $200B in 4 years: Tarek Amer

Sun, 08 Dec 2019 - 02:06 GMT

He pointed out that the government is currently implementing a large project to advance the industrial sector.

Tarek Amer's term as CBE governor renewed

Mon, 25 Nov 2019 - 03:26 GMT

Previously, Capital Economics praised the success of Tarek Amer during his tenure as governor of the central bank, which will end on Nov. 26."His time at the helm of the CBE will be deemed a success."

New banking bill drafted upon Sisi's request to enhance banking stability: CBE governor

Thu, 03 Oct 2019 - 03:58 GMT

At a press conference, Amer said the outlines of the bill were approved by the cabinet on Wednesday.

CBE gov.: We give top priority to spurring financial inclusion rates

Mon, 16 Sep 2019 - 02:32 GMT

Amer stressed as well the need for providing a supportive environment, through backing entrepreneurs and promoting innovative projects, as well as strengthening the business climate.

Economic reform program raises growth rate to 5.5% by end of March: TarekAmer

Sun, 15 Sep 2019 - 12:32 GMT

Amer noted that the coordination between the government and the Central Bank was the main reason for the success of the economic reform program.

CBE signs two MoUs with govt bodies on financial technology

Mon, 17 Jun 2019 - 04:18 GMT

This came on the sidelines of the second edition of the FinTech Conference "Seamless North Africa 2019".