Egypt approves new Central Bank governor
President Mohamed Morsi on 11 January named Hisham Ramez, a former deputy central bank governor, as the new head of the CBE after accepting the resignation of longstanding CBE governor Farouq El-Oqda, who has headed the bank since 2003.
The Shura Council, which now holds the legislative authority in Egypt, has thus officially approved the nomination of Ramez by majority vote.
Ramez served as CBE number-two from 2008 to 2011, after which he briefly served as vice-chairman and managing director for Egypt's Commercial International Bank (CIB).
- Taming the monster: UAE regulator to tighten supervision of financial markets over Arabtec's debacle
- Banking in the time of Ramadan: reconciling contemplation with profit-making
- Attempting to go mainstream? how Islamic banks are ditching the 'Islam' label in order to go global
- How Sukuks are proving a viable financing option for Saudi Arabia
- To jump on the bandwagon or not to jump: all about owning a credit card in Egypt