The Central Bank of Egypt’s board has three new expert members after President Abdel Fattah El Sisi handed down a decree on the CBE’s 11-member board of directors. The board’s term is retroactive to 27 November 2025 and will run for one year.

CBE Governor Hassan Abdallah chairs the board, as is customary, with deputy governors Rami Aboul Naga and Tarek El Khouly and FRA Chairman Mohamed Farid retaining their seats.

Joining the board: Khaled Ahmed Fouad (banking), Ahmed Gad Radwan (economics), and Amina Helmy Hassan (economics).

Returning members include our friends Sherif Kamel (finance) and Ali Faramawy (technology) as well as Essam Amer (accounting) and Khaled Sakr Ali (economics).

Leaving the board: Banker Mohamed El Deeb and economists Naglaa El Ahwany and Samiha Fawzy.

What’s next: The central bank’s Monetary Policy Committee meets on Thursday for its final rate decision of the year. While our poll of analysts was calling a cut, the IMF has thrown a spanner in the works with its suggestion that disinflation needs more time to take hold.

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