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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:…
Egypt announces formation of its EGP 200 bn sovereign wealth fund BoD
Habemus SWF board members: The Planning Ministry announced yesterday the formation of the board of directors for the planned EGP…
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…
Egypt’s Misr Clearing to provide short selling platform
REGULATION WATCH- Regulator to give Misr Clearing key role in short selling: Misr for Central Clearing, Depository & Registry (MCDR)…
Egypt’s domestic debt rises 20% in 2018
Egypt’s domestic debt rose 20.25% y-o-y to EGP 4.1 tn at the end of December 2018 compared to EGP 3.4…
Elsewedy Electric to establish utilities JV with SCZone Authority
INVESTMENT WATCH- Elsewedy Electric to establish utilities JV with SCZone authority: Elsewedy Electric has signed a partnership agreement with the…
Fawry to acquire EME International’s fintech division
M&A WATCH- Fawry to acquire EME International’s fintech division: E-payment platform Fawry is fully acquiring mobility solutions provider EME International’s…
Egypt plans to issue infrastructure bonds in 2H2019-20
EXCLUSIVE- The government is planning to issue its first international infrastructure bonds in 2H2019-2020, two senior government officials told Enterprise.…
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