Hesham Ramez

Egypt’s CIB appoints former central bank governor Ramez as managing director
Business

Egypt’s CIB appoints former central bank governor Ramez as managing director

Commercial International Bank (CIB), Egypt's largest listed company, said on Sunday it had appointed former central bank governor Hisham Ramez…
Can Egypt’s new central bank chief calm currency crisis?
Egypt

Can Egypt’s new central bank chief calm currency crisis?

When Egyptian central bank governor Hesham Ramez quit, phones began ringing as bankers congratulated each other on the departure of…
CBE governor: Law bans Egyptian public sector companies from dealing in US dollars
Egypt

CBE governor: Law bans Egyptian public sector companies from dealing in US dollars

Governor of the Central Bank, Hesham Ramez stressed that the law completely prohibits the Egyptian public sector companies from dealing…
Steel factories may halt operations over dollar shortage
Business

Steel factories may halt operations over dollar shortage

Several steel manufacturers have revealed that they might stop their productions within the next few days, citing bank’s inability to…
Banking expert criticizes CBE policy toward US dollar
Business

Banking expert criticizes CBE policy toward US dollar

Banking expert Passant Fahmy criticized previous televised remarks by Central Bank Governor Hisham Ramez in which he said he would…
Egypt repays Qatar’s deposit Friday
Business

Egypt repays Qatar’s deposit Friday

Egypt will pay Qatar back a US$2.5 billion the oil-rich kingdom had deposited at the Central Bank of Egypt under…
CBE governor says US$3 billion paid to Qatar in December
Business

CBE governor says US$3 billion paid to Qatar in December

Central Bank of Egypt (CBE) Governor Hesham Ramez said that Egypt has not been late in paying for dues of…
Egypt’s foreign exchange reserves rises to US$17.3 bn
Business

Egypt’s foreign exchange reserves rises to US$17.3 bn

Egypt's foreign exchange reserves rose up to US$17.3 billion by the end of February, compared to $17.105 billion at the…
Egypt returns $2 bln to Qatar after talks to securitize it fail
Business

Egypt returns $2 bln to Qatar after talks to securitize it fail

Egypt has returned to Qatar US$2 billion that the Gulf state had deposited with Egypt’s central bank, after negotiations to…
Foreign reserves drop to US$14.9 bn at end of June
Egypt

Foreign reserves drop to US$14.9 bn at end of June

International currency reserves dropped from US$16,039 billion at the end of May to US$14,921 billion at the end of June,…
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