Jeddah / Emirates Business Deutsche Bank announced the appointment of Jamal Al Kishi as Chief Executive Officer, Middle East and Africa with immediate effect, replacing Ashok Aram who as previously announced is relocating to Frankfurt as Chief Executive Officer Europe, Middle East and Africa (excluding Germany and the UK). Al Kishi, subject to regulatory approvals, will remain Chief Executive Officer …

Bloomberg Egypt’s central bank will consider floating the country’s currency when foreign reserves are almost double their current level, the bank’s governor said in a televised interview. Tarek Amer’s comments on al-Qahira Wel-Nas were his clearest signal yet that the central bank has no intention of devaluing the Egyptian pound at present, despite growing analyst predictions that such a move …

Bloomberg The People’s Bank of China should have explained the change in its reporting of foreign-exchange holdings to avoid market speculation on its motives, according to Mizuho Securities Asia Ltd. “The PBOC changed the category of the position of forex purchases in its monthly report in January,” a move that “immediately raised market concerns about possible concealment or manipulation of …