The Central Bank is close to finalizing amendments to Egypt’s banking laws, CBE Governor Tarek Amer told senior banking and industry executives on Wednesday, according to Ahram Gate, without specifying details. Amer also urged the executives to begin making plans to open branches in the new administrative capital, where President Abdel Fattah El Sisi said most government offices will be moving by the end of 2018.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…