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Egypt gets its first federation for securities
Egypt gets its first federation for securities: The Financial Regulatory Authority (FRA) has approved the bylaws establishing Egypt’s first federation…
Flat6Labs to triple investment fund capital by 2Q2019
Cairo-based incubator Flat6Labs plans to triple the capitalization of its investment fund to EGP 150 mn during 2Q2019, according to…
CBE issues guidelines for last year’s directive requiring banks to follow IFRS 9
The Central Bank of Egypt has issued guidelines for a previously announced directive requiring banks to begin presenting their financial…
FinMin, FEB reach agreement on new tax treatment deductibles
EXCLUSIVE- FinMin, FEB reportedly reach agreement on cost-to-income ratio in new tax treatment: The Finance Ministry and the Federation of…
Banque du Caire in talks with Arab lender to secure USD 30 mn loan
Banque du Caire (BdC) is in talks with an unnamed Arab financial institution for a USD 30 mn loan, Chairman…
MIDOR reaches closure for USD 1.2 bn loan with Zaki Hashem as advisor
Middle East Oil Refinery (Midor) has reached financial close on what is believed to be a USD 2.2 bn-expansion and…
Beltone pays Egypt’s FRA EGP 16 mn to lift investment banking suspension
Beltone suspension lifted after it pays EGP 16 mn settlement: Beltone Financial’s investment banking arm resumed operations yesterday after the…
Pharos gets Planning Ministry nod for IFM achievement
Our friends at Pharos Holding were acknowledged by Planning Minister Hala El Said for being named “Best Equity Research Company”…
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