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Banks say new tax treatment not to affect 2018 results
Banks say new tax treatment of income from gov’t debt won’t hit 2018 P&L: CIB’s 2018 financial results will not…
Change in tax treatment of treasury holdings won’t take effect until measure passes Egypt’s House; expect more news today
Change in tax treatment of treasury holdings won’t take effect until measure passes the House; expect more news today: The…
FinMin, Federation of Egyptian Banks reach compromise on new accounting standards?
FinMin, Federation of Egyptian Banks working toward compromise on new accounting standards? The Finance Ministry and the Federation of Egyptian…
Aman to issue EGP 250-300 mn securities, to establish securitization firm, considers financial leasing
Raya Holding subsidiary Aman is planning to issue EGP 250-300 mn-worth of asset-backed securities, pending Financial Regulatory Authority (FRA) approval…
Egypt’s CIB posts 3Q2018 results
EARNINGS WATCH- CIB posts record third quarter earnings: Our friends at CIB delivered a 24% y-o-y rise in net income…
Mohamed Farag appointed as non-executive chairman at Fawry Plus
BOARD MOVES- Mohamed Farag has been named non-executive chairman at Fawry Plus. Farag, who is chief digital officer at CIB,…
EFG Hermes, NBE, CIB and AAIB bod on NUCA’s EGP 4.5 bn securitized bond issuance
EFG Hermes has formed a consortium with CIB, National Bank of Egypt (NBE), and Arab African International Bank (AAIB) to…
Egypt, Shanghai Electric to finalize financing talks over USD 4.4 power plant next week
The Egyptian Electricity Holding Company (EEHC) will meet with China’s Shanghai Electric next week to finalize financing agreements for the…
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