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Egypt’s CBE extends loan grace period for Sinai tourism investors by one year
CBE Governor Tarek Amer has granted a one-year extension to the grace period for outstanding loans South Sinai tourism investors…
United Bank considers providing online options for microfinance unit
The United Bank of Egypt is considering offering funding to micro projects through its online banking tools, Vice President Nevine…
Banque du Caire looking to borrow USD 100 mn from int’l institutions
Banque du Caire is in talks for a USD 100 mn facility from international institutions during the first quarter of…
End of special FX repatriation mechanism is boon for Egypt banking sector
End of CBE’s special repatriation mechanism is a boon for banks, says industry: The CBE’s decision to terminate its parallel…
Egypt signs agreement with United Bank to settle tax disputes worth EGP 100 mn
The government has reached an agreement with United Bank to settle 43 tax dispute cases worth a combined total of…
Change in tax treatment of treasury holdings won’t take effect until measure passes Egypt’s House; expect more news today
Change in tax treatment of treasury holdings won’t take effect until measure passes the House; expect more news today: The…
Egypt’s benchmark EGX30 extends losses to a fifth straight day
The EGX30 posted its fifth straight day of losses yesterday as shares struggled to recover from a 3.8% drop on…
Tarek Fahmy top candidate for sub-governor post at CBE
MOVES- Tarek Fahmy (LinkedIn) is the frontrunner to become the CBE’s new sub-governor for risk management and banking supervision, an…
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