Egypt central bank governor resigns amid economic downturn ...Kuwait

Egypt’s central bank governor resigned on Wednesday as the country struggles to address its economic woes. President Abdel Fattah el-Sissi accepted the resignation of Tarek Amer and named him a presidential adviser, the Egyptian leader’ office said in a statement. The brief statement offered no reasons for Amer’s resignation. He had been appointed as governor of the central bank in November 2015. No replacement was immediately named. Amer has been criticised over handling the country’s financial challenges which have seen the local currency slide against the US dollar in recent months. The pound has lost much of its value. The US currency has been traded at over

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