Tareq Amer

Foreign currency records its highest level since 2011
Business

Foreign currency records its highest level since 2011

The balance of foreign currency reserves recorded its highest level since March 2011 reaching about US$28.5 billion, while the volume…
Central bank removes dollar deposits cap for companies
Business

Central bank removes dollar deposits cap for companies

The Central Bank of Egypt (CBE) has removed a limit it imposed in February 2015 on foreign currency deposits and…
Central Bank chief dismisses reports of investor exit as ‘malicious’
Business

Central Bank chief dismisses reports of investor exit as ‘malicious’

Central Bank Governor Tareq Amer has assured Egyptians of the resilience of the country’s economy, dismissing reports about investors leaving…
New Egyptian-Sudanese bank to be founded in Egypt
Egypt

New Egyptian-Sudanese bank to be founded in Egypt

The National Bank of Egypt reached an agreement with Sudan to establish an Egyptian-Sudanese bank with US$50 million in capital,…
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