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The Central Bank of Egypt wants to incentivize banks’ investments in equity for SMEs
Bank investments in SME-focused equity funds now count toward minimum small business loan requirement: The Central Bank of Egypt (CBE)…
EFG announces cash dividends of EGP 0.65 / share from 12 June
EFG Hermes has announced cash dividends of EGP 0.65 per share payable starting 12 June, the company said in a…
Egypt’s central bank keeps interest rates on hold
With one eye on inflation, the central bank leaves interest rates on hold: The Central Bank of Egypt’s Monetary Policy…
Egypt’s FRA to bring SME financing under 2014 microfinance law
LEGISLATION WATCH- FRA to bring SME financing under 2014 microfinance law: Dedicated SME lenders including finance companies and NGOs could…
Executive regs for new tax treatment of banks, corporations out in Official Gazette
LEGISLATION WATCH- Banks now know how they’ll calculate the cost of investment in treasuries under changes to the tax code:…
What we’re tracking on 23 May 2019
It’s interest rate day and the consensus among 12 economists we polled is that the central bank will leave rates…
Omar Gaafar named VP for investment banking at Renaissance Capital
MOVES- Omar Gaafar named VP investment banking at RenCap: Renaissance Capital named Omar Gaafar (LinkedIn) as vice president of investment…
Commercial banks could see capital requirements rise tenfold under Banking Act amendments
LEGISLATION WATCH- Capital requirements for commercial banks could rise tenfold to EGP 5 bn under proposed amendments to the Banking…
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