Hisham Ramez | Al Bawaba

Hisham Ramez latest

Al Bawaba

November 12th, 2015 - 06:55 GMT

Egypt's tourism investors request special financial measures

Egypt's tourism investors are requesting the Central Bank of Egypt to extend loan payment periods, reconsider interest rates and delay payments in light of the sharp decline in visitors.

The new regulations will go into effect this one. (Image credit: Shutterstock)

January 9th, 2014 - 07:26 GMT

Want to send money out of Egypt? Now you can!

The Central Bank of Egypt returned aid to Qatar in December and November, which may be partly accountable for the drop in foreign reserves over the past three months (Courtesy of Gulf Business)

December 9th, 2013 - 05:54 GMT

Three times is not always a charm: Egypt's foreign reserves dip for third month

Egypt has signed oil and gas exploration agreements with Apache Corporation, Royal Dutch Shell and GDF Suez, the Egyptian state news agency reported.

December 9th, 2013 - 03:55 GMT

Desperate for an economic makeover, Egypt signs historic oil exploration deals with foreign firms

At the start of November, the bank returned a $500m deposit to Qatar after Qatar refused to renew it upon its maturity, Reuters reported last Wednesday.

November 10th, 2013 - 08:44 GMT

Egypt's Foreign Reserves Drop and Qatar might have something to do with it

Lagarde refused to comment on the money that Egypt received from the Gulf Cooperation Council (GCC).

September 15th, 2013 - 07:46 GMT

Egypt to IMF: Thanks, but no thanks, the Gulf's got us covered

Qatar sent Egypt $3 billion in May of which it converted $1 billion into three-year bonds

September 11th, 2013 - 12:03 GMT

Benevolent Qatar to convert $2 billion Egyptian loan into bonds

Hisham Ramez, Chairman of Egypt’s Central Bank, described the state of Egypt’s foreign currency serves as “reassuring”.

August 21st, 2013 - 10:18 GMT

Great expectations: Egypt soliciting $4billion in investments

no changes to the plan or the amount of aid the country is seeking

June 17th, 2013 - 04:30 GMT

Egypt in late stages of verifying reform plan with IMF - central bank

Egypt has run through more than $20 billion in reserves

June 2nd, 2013 - 09:22 GMT

Egypt converts Qatari $2.5bln to support crisis

Egypt is in dire need of a conclusion to this financing deal

April 30th, 2013 - 08:12 GMT

Egypt and the IMF: The rumbling saga's myth and reality

Egypt's pound hit a record low against the dollar on Tuesday

April 24th, 2013 - 08:44 GMT

Egyptian pound hits record low against the dollar

IMF has held meetings with leading political leaders and parties such as the Nour and Wafd Parties

April 23rd, 2013 - 10:56 GMT

No news is good news for Egypt's IMF deal, or is it?