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El Sisi ratifies amendments to Investment Act
LEGISLATION WATCH- El Sisi ratifies amendments to Investment Act: President Abdel Fattah El Sisi has ratified amendments to the Investment…
FRA give itself more power in Insurance Act
LEGISLATION WATCH- FRA makes new amendments to the Insurance Act: The financial Regulatory Authority (FRA) has made new amendments to…
Egypt’s FinMin closes legal loophole in calculating late income tax penalties
LEGISLATION WATCH- FinMin closes legal loophole in calculating late income tax penalties: The Finance Ministry has added a clause to…
Demand on Egypt’s shorter term T-bills is showing signs of waning
Government sells fewer 3-month T-bills than targeted — is this a sign of a trend? The government sold EGP 5.2…
Government seeking to increase oil hedging contracts this fiscal year
EXCLUSIVE- Gov’t mulls signing fuel hedging contracts with more banks this fiscal year: The government is planning to at least…
CBE to launch interest rate swaps between banks in October
CBE to launch interest rate swaps between banks in October: The Central Bank of Egypt (CBE) is planning to introduce…
Egypt signs USD 4.5 bn agreement for monorails to Giza and new capital
Orascom’s long awaited USD 4.5 bn monorail agreement finalized: A consortium of Bombardier Transportation, Orascom Construction and Arab Contractors signed…
EBRD considers buying 20% of Alexandria Container’s offering
IPO WATCH- EBRD could snag 20% of shares offered in ACCH stake sale: The European Bank for Reconstruction and Development…
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