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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…
Finance
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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…
Egypt’s new framework for short-term bonds, instruments published in Gazette
Egypt’s new framework for short-term bonds, instruments published in Official Gazette: The recent decision by the Financial Regulatory Authority, setting…
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…
Egypt Aluminum in talks with banks for USD 600 mn financing for new product line
State-owned Egypt Aluminum is in talks with five local and international banks to finance a portion of its planned USD…
FinMin to apply tax treatment of Egypt debt holdings to both bank, corporates
Corporates will see the tax treatment of their income from state debt change, too: Corporations will join banks in seeing…
WB VP Diop meets with top officials, WB, Egypt to cooperate on Africa projects
WB VP for infrastructure visits Egypt, meets with top Cabinet members: ًWorld Bank Vice President for Infrastructure Makhtar Diop met…
Pharos to launch Egypt microfinance company
Pharos to launch a microfinance venture in 1Q2019: Our friends at Pharos Holding will expand into microfinance in 1Q2019, co-CEO…
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