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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…
Madbouly instructs gov’t to speed up industrial land allocation to Egypt’s investors
Prime Minister Moustafa Madbouly has called on the government to speed up industrial land allocation to investors, and to offer…
When cryptocurrency meets the banking sector
When cryptocurrency meets the banking sector: Blockchain technology can be leveraged to rewire the global financial infrastructure and simplify transactions…
Egypt’s industry could catch a break from high electricity prices, gov’t to announce new rates “in days”
Manufacturers could catch a break as gov’t looks set to announce new electricity prices for industry today: Industrial producers could…
Egypt expects subsidy spending to come in EGP 13 bn below budget in FY2018-2019
EXCLUSIVE- FinMin expects subsidy spending to come in EGP 13 bn below budget this fiscal year thanks to lower oil…
World concerned Big Brother could emerge from facial recognition tech
Big Brother wants to see your face: Last week, San Francisco became the first American city to ban facial recognition…
Egypt, IMF reach staff-level agreement to unlock final tranche of USD 12 bn facility
Egypt, IMF reach staff-level agreement to unlock final tranche of USD 12 bn facility: Egypt has reached a staff-level agreement…
Egypt’s draft Social Security and Pensions Act to reach parliament by June
The Social Solidarity Ministry will send the Social Security and Pensions Act to the House of Representatives for review and…
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