#1- Another year for Abdalla as CBE governor: President Abdel Fattah El Sisi has reappointed Hassan Abdalla as the acting governor of the Central Bank of Egypt (CBE) for another one-year term, according to a decree published in the Official Gazette. Abdalla has been the governor of the central bank since he took over from Tarek Amer in 2022.

Continuity is the name of the game: The decision to keep Abdalla at the helm of the central bank is meant to “reassure investors the North African nation is committed to orthodox policies,” Bloomberg writes.

#2- New faces on Orascom Financial’s board: B Investments Managing Director Abdel Monem Omran has been appointed chairman of Orascom Financial Holding (OFH) and B Investments Board Member Mostafa El Anwar was appointed his deputy, the company said in an EGX disclosure (pdf).

Remember: B Investments now owns just under 70% of OFH after the completion of a share swap agreement in April.

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