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El Sewedy Education in talks for EGP 650 mn loan to fund new capital university
El Sewedy Education is in talks with local banks for a EGP 650 mn loan to finance the first phase…
Egypt’s central bank boss confirms intention to resume bank licensing
Amer confirms new bank licenses could be issued: Central Bank of Egypt Governor Tarek Amer has confirmed to Al Mal…
CBE considering allowing new int’l banks to enter Egypt
Will the central bank issue new licenses to international players looking to set up shop in Egypt? The Central Bank…
Egypt’s iScore to expand into Africa, ME in the next three years
Egyptian creditworthiness bureau iScore is planning to expand its operations into Africa and the Middle East during the next three…
Al Baraka Bank Egypt expects new tax treatment to hit 2019 profits
Al Baraka Bank expects its 2019 profits to decline by 5-7% as a result of proposed amendments to the tax…
Gov’t denies reports suggesting bank accounts of tax cheats would be frozen
Gov’t says it has no plans to freeze the bank accounts of tax evaders: Cabinet said in a statement that…
Central Bank of Egypt could raise ceiling for mobile lending
The CBE is studying raising the credit ceiling for mobile nano-lending to EGP 1000-1500, up from EGP 500 currently, banking…
FinMin to work with Egypt’s banks on mitigating the impact of the new tax treatment
EXCLUSIVE- Tax officials spreading oil on troubled waters after flap over tax treatment of bank holdings of gov’t debt: Tax…
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