El-Sisi appointed Governor of CBE

Cairo, The Gulf Observer: Egypt’s President Abdel Fattah El-Sisi has appointed Hassan Abdalla as acting Governor of the Central Bank of Egypt (CBE) on Thursday, succeeding Tarek Amer, who resigned on Wednesday.

Al-Sisi met with Abdalla, and stressed the need to develop monetary policy in line with the ongoing global developments, diversify sources of foreign currency, and to provide an attractive investment climate.

Abdalla has served as board member of several entities, including the Institute of International Finance, the Emerging Markets Advisory Council (EMAC), the Central Bank of Egypt, the Egyptian Exchange, Ghabbour Auto, Coca-Cola, Endeavor Egypt, Telecom Egypt, and Orascom Construction.