Amendments to Egyptian Accounting Standards published in official gazette

The amendments to regulations on how FX losses last year may be treated for tax purposes under Egyptian Accounting Standards were published in the Official Gazette yesterday after former investment minister Dalia Khorshid gave them her official nod earlier this month. The Egyptian Financial Supervisory Authority had extended the deadline for EGX-listed companies to submit their half- and full-year financial results to allow them time to factor in the changes to the accounting standards. Al Borsa has the full text here.