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FinMin announces temporary VAT exemption on imported machinery and equipment. PLUS: Microfirms can borrow more, new PwC center,
Ministry didn’t disclose how long the exemption will remain in place
AAIB appoints new managing director
Tamer Waheed served as head of the risk sector at AAIB
CBE holds interest rates steady
Rates could soon resume their upward trajectory as inflation picks up
THIS EVENING: It’s interest rate day + El Sisi heads to KSA
Good afternoon, wonderful people, and a very happy THURSDAY to us all. We’re winding down what has been a busy…
Fitch downgrades credit ratings of four local banks
The banks now have a rating of B, down from B+
FX bureaus face strict capital requirements, tighter controls as CBE moves to curb black market
Regs to strike “significant blow” to the parallel market
Egypt needs lenders’ approvals before selling Siemens power plants -Asharq
The 4.8-GW Beni Suef plant is in the govt’s privatization plans
It’s interest rate day in Egypt
Arab League meets tomorrow
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