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Release of IMF funding held up over oil pricing mechanism; cost of insuring Egyptian debt inches up
Release of IMF funding held up over fuel pricing mechanism? The delay in the IMF’s approval on the release of…
Egypt raises USD 1.1 bn in one-year USD-denominated T-bills
Egypt raised USD 1.1 bn from the sale of one-year USD-denominated T-bills at an average yield of 3.747% in an…
New tax treatment won’t affect ADIB’s 2018 financial results
Abu Dhabi Islamic Bank’s 2018 financial results will not be affected by proposed amendments to the tax treatment of bank…
What we’re tracking this week and beyond
The CBE will auction USD 1 bn worth of one-year T-Bills today, and will settle the auction on Tuesday, according…
Banks say new tax treatment not to affect 2018 results
Banks say new tax treatment of income from gov’t debt won’t hit 2018 P&L: CIB’s 2018 financial results will not…
CBE sells EGP 18.2 bn treasury bills
Egypt sold EGP 18.2 bn in treasury bills on Sunday, according to the central bank’s website. The sale included EGP…
Egypt will not ask the IMF for further funding
Egypt will not ask the IMF for further funding after its USD 12 bn, IMF-backed reform program ends next year,…
CBE to terminate forex repatriation mechanism on 4 December
The central bank is going to scrap its special foreign exchange repatriation mechanism next week: The central bank will terminate…
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