Central Bank of Egypt limits tenure of bank chief executive officers to 9 years
Central Bank of Egypt
Cairo - MENA
The Central Bank of Egypt (CBE) decided to restrict the tenure of chief executive officers at public and private banks in Egypt to nine years whether consecutively or separately, the CBE said in a statement on Thursday.
If the term of any CEO exceeds nine years, the CBE General Assembly will have to choose a successor to the post during its meeting to endorse the annual financial statements for the fiscal year 2016, the statement added.
The aim of the decision is to qualify youth and new cadres to occupy prominent positions in major institutions, according to the statement.
GMT 21:35 2017 Tuesday ,10 January
Bank account opened for donations to build mosque, church in new capitalGMT 21:41 2016 Friday ,30 December
Egypt's balance of payments surplus hits $1.9bn in Q1 of 2016/7GMT 05:26 2016 Friday ,30 December
CBE fixes interest rates on deposits, loansGMT 05:33 2016 Thursday ,29 December
Source denies reports on CBE governor resignationGMT 01:00 2016 Tuesday ,27 December
Banks close doors Sunday on end of fiscal year
- Tuesday ,10 January GMT 21:35 2017 Bank account opened for donations to build mosque, church in new capital
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 07:35 2018 Saturday ,20 January
Trump to meet British PM May in Davos next week
GMT 07:13 2018 Friday ,12 January
Two Palestinians killed in clashes with Israeli forces
GMT 02:41 2017 Saturday ,20 May
Nigerian president arrives in Amman
GMT 07:12 2017 Wednesday ,22 November
Hariri back in Beirut three weeks after resignationGMT 08:18 2011 Friday ,05 August
Atkinson in hospital after \'F1 super car crash\'
GMT 10:09 2017 Sunday ,26 February
Happy for reactions to 'Heba Regl Al Ghorab'
GMT 22:39 2015 Monday ,21 September
iPhone 6S vs OnePlus 2
GMT 07:16 2017 Wednesday ,22 March
King Abdullah II to Start Official Visit to Morocco on Wednesday
GMT 16:01 2017 Thursday ,04 May
merica US.-led fight on IS have killed 352 civilians - PentagonGMT 09:35 2012 Friday ,14 September
Carbon dioxide snow
GMT 16:38 2013 Saturday ,08 June
Positive May for Mercedes UK
GMT 09:18 2018 Monday ,22 January
In the drugs and arms trade, is Iran getting away with murder?
GMT 08:12 2018 Monday ,22 January
Ecuador president calls Julian Assange a 'problem'
GMT 13:09 2018 Sunday ,21 January
Bahrain Bourse daily trading performance
GMT 12:09 2016 Monday ,26 December
Egypt targets 5% economic growth by mid-2018
GMT 10:52 2017 Tuesday ,13 June
Actress Sawsan Badr preferred not to participate
GMT 14:10 2016 Wednesday ,21 December
New zipline adventure offers loftier perspective
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor