Egyptian court suspends implementation of central bank decree to limit CEO terms

 26 Jun 2016 - 14:16

Egyptian court suspends implementation of central bank decree to limit CEO terms
 

CAIRO: An Egyptian court suspended the implementation of a Central Bank decree to limit CEO terms on Sunday, according to the lawyer who appealed the decision. 

In March, Egypt's central bank set a 9-year term limit for all bank CEOs which would have forced eight of the country's banking heads out of their positions.

Reuters