Tarek Amer

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".

IMF: Egypt's economic reform program world's most successful

Mon, 17 Jun 2019 - 04:16 GMT

Amer stressed that Egypt is in no need of further IMF reform programs, given economic achievements realized by the country.

CBE gov.: Some $200B injected into Egyptian banking sector

Mon, 17 Jun 2019 - 04:11 GMT

Current monetary policies adopted by the US have positively reflected on the performance of the national Egyptian economy, Amer noted.

Egypt hosts 'Seamless North Africa 2019' to discuss latest trends in Financial Technology

Wed, 12 Jun 2019 - 03:51 GMT

Egypt hosts "Seamless North Africa 2019 conference” To discuss the latest trends and innovations in Financial Technology.

Egypt to float stake of Banque du Caire on EGX by end of 2019

Mon, 15 Apr 2019 - 01:41 GMT

The to-be-floated stake will be 20 percent and might go up to 30 percent of the bank.

Foreign cash flows hit $150 bln in 30 months - CBE governor

Sat, 13 Apr 2019 - 10:11 GMT

Amer said Friday foreign cash flows from different sources have recorded $130 billion since the Egyptian pound exchange rate liberation in November 2016.

CBE governor: Egypt is not in need of new program with IMF

Sat, 13 Apr 2019 - 09:44 GMT

Amer said that Egypt's economic reform program has exceeded expectations, noting that Cairo is not in need of a new program with the International Monetary Fund.

Egypt expects 5th tranche of IMF loan in January

Sun, 30 Dec 2018 - 07:28 GMT

Egypt expects to receive the fifth instalment of its $12 billion IMF loan programme in January, the president's office said on Sunday.