FEB looks to settle around 800 tax disputes filed by 25 member banks

The Federation of Egyptian Banks (FEB) is apparently looking to settle around 800 tax disputes filed by 25 of its member banks, including CIB, the National Bank of Egypt, and Banque Misr. An agreement is expected to be signed with the Tax Authority sometime this week to settle the cases after negotiations led to a preliminary agreement, government sources tell Al Borsa.