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.
- Tuesday ,10 January GMT 21:35 2017 Bank account opened for donations to build mosque, church in new capital
GMT 19:55 2017 Monday ,02 October
CBE: Foreign cash reserves rise to $36.53bnGMT 21:29 2017 Tuesday ,18 July
CBE receives new tranche of IMF loan worth $1.25bnGMT 05:08 2017 Tuesday ,06 June
Some Egyptian banks halt dealings with Qatari banks after ruptureGMT 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 2016/7
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 12:05 2017 Thursday ,20 April
Iran FM slams 'worn-out' US nuclear accusations
GMT 05:59 2017 Monday ,25 December
Saif bin Zayed briefed about WOW Awards and Convention Asia won
GMT 18:04 2017 Wednesday ,18 October
Cash-loving Japanese savers opt to play it safe
GMT 16:33 2018 Friday ,07 December
Lavrov comments on Greek PM’s visit to Moscow
GMT 21:06 2016 Sunday ,28 February
Grave violations, human right abuses in Libya
GMT 00:01 2017 Sunday ,30 April
French far-right presidential hopeful Marine Le Pen on Saturday chose defeated first-round
GMT 21:05 2017 Tuesday ,14 February
Saudi Arabia tells Opec it cut oil output by most in eight years
GMT 07:07 2017 Sunday ,12 February
Night-time quake kills at least 6 in Philippines
GMT 22:20 2017 Sunday ,01 January
Egypt decries Istanbul nightclub attack
GMT 12:03 2017 Friday ,10 February
2 injured in pipeline explosion in US state of Louisiana
GMT 06:45 2017 Thursday ,05 October
Fukushima operator gets first safety approval since 2011 disaster
GMT 11:50 2017 Monday ,24 July
France aspires to Algerian role to end conflict in Libya
GMT 16:51 2017 Thursday ,04 May
Trump announces trip to Saudi Arabia, Israel, Vatican
GMT 10:45 2017 Wednesday ,11 October
Tears in Damascus as Syria misses shot at World Cup
GMT 05:32 2017 Tuesday ,14 February
Ajman Crown Prince receives Belgian Foreign Minister
GMT 09:16 2017 Friday ,13 October
ADGM, Yes Bank collaborate to further advance FinTech opportunities
GMT 09:55 2017 Saturday ,21 January
Actress Jenny Esper keen to consider scenarios
GMT 21:59 2016 Tuesday ,22 November
Arab coalition warplanes shell Houthi positions in Taiz
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor