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Tax Authority, banks meet to discuss implementation of new tax treatment
The Tax Authority met with a committee from the Federation Of Egyptian Banks yesterday to discuss the best way to…
CBE to relaunch its EGP 16.8 bn debt relief program
The CBE is looking likely to relaunch its EGP 16.8 bn debt relief program by no later than April, sources…
Moody’s maintains positive outlook on Egypt’s banking system
Moody’s maintains positive outlook on Egypt’s banking system: Moody’s Investors Service said in a report on Monday (pdf) that it…
Earnings Watch: CIB, Sidi Kerir, EgyptAir report 2018 earnings
EARNINGS WATCH- CIB posts record full-year 2018 earnings: Our friends at CIB delivered a 27% y-o-y increase in net income…
House grants preliminary nod to new banking tax treatment
LEGISLATION WATCH- House grants preliminary nod to new tax treatment of bank holdings of state treasuries: The House’s general assembly…
EGX approves issued capital increase for CIB, Orascom Development
The EGX has approved CIB’s c.EGP 2.92 bn issued capital increase, according to a bourse statement (pdf). The EGX also…
Boards of banks in Egypt can meet a little less frequently now if they want, CBE says
REGULATION WATCH- Bank boards can meet a little less frequently now, central bank says: The CBE issued new regulations that…
Could interest in EGP debt have something to do with the new tax treatment on debt-derived profits?
EXCLUSIVE- Are yields on EGP debt being driven down by banks buying before a new tax treatment goes into effect?…
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