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President Abdel Fattah Al-Sisi issued a decree on Thursday to restructure the Coordinating Council that manages fiscal and monetary policies set out in Article 5 of the CBE, Banking Sector and Money Law.
He advised new CBE governor Tarek Amer to increase interest rates to curb the dollarisation issue, and to meet with exchange companies "and treat them as partners".
Michael Hoffman, founder and executive director, the CBE has made significant contributions to the advancement of the business ethics movement, providing expertise to business ethics educators, CEOs, their management teams and boards of directors, as well as offering insight to news reporters from around the globe.
Earlier in November, the CBE depreciated the US dollar against the pound by 20 piasters at banks, bringing the price of the dollar in the CBE to EGP 7.
The company's strong free cash flow allowed CBE to use discretionary funds for increased acquisition spending and share repurchases in 2006 without negatively affecting the company's leverage ratios.
He said any official statements or announcements will only be issued through the CBE.
He further explained that the EGPC requested $700m per month from the CBE, in the second quarter (Q2) of the current fiscal year (FY) 2015/2016, to import petroleum materials and natural gas.
Gores Equity, LLC, announced the acquisition of CBE Technologies (CBE), the leading provider of managed IT services for state governments, municipalities, educational institutions, and leading small to mid-size businesses.
CBE was represented by attorneys from Baron & Budd of Dallas, The Law Offices of Masry & Vititoe of Westlake Village, Calif.
Meanwhile, banks have increased their objections regarding the controls imposed by the CBE on Thursday.
The veteran singer, who gets a CBE, is joined in the list by Coronation Street stalwart Johnny Briggs, the Queen's granddaughter Zara Phillips, both made an MBE, and actor Hugh Laurie, who gets an OBE.
Other CBE recipients include Professor William Stevely, principal and vice-chancellor at Robert Gordon University, Aberdeen, for services to higher education.
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- CBE (Honour)