Tarek Amer will continue as Governor of the Central Bank of Egypt for a further four years, according to reports in the Egyptian press.
Libyan Investment Authority responds to AbdulMagid Breish interview in Arab Banker
The September 2018 edition of Arab Banker, the annual magazine of the Arab Bankers Association, contains an interview with AbdulMagid Breish, who was appointed Chairman and CEO of the Libyan Investment Authority in 2013. Mr. Breish maintains that he remains the legitimate Chairman and CEO and that subsequent decrees removing him were invalid. The Libyan Investment Authority (LIA) disputes Mr. Breish's version of events and says that the interview is 'factually wrong and highly misleading.'
The LIA's advisors in London have sent us a statement in which they explain the LIA's position and we are happy to publish this. It is attached below with a three-line response from Mr. Breish. The original article in the magazine is also attached below.
We leave it to our readers to make up their own minds.
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