{"id":604690,"date":"2018-12-10T04:19:56","date_gmt":"2018-12-10T04:19:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/new-tax-treatment-wont-affect-adibs-2018-financial-results\/"},"modified":"2018-12-10T04:19:56","modified_gmt":"2018-12-10T04:19:56","slug":"new-tax-treatment-wont-affect-adibs-2018-financial-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/new-tax-treatment-wont-affect-adibs-2018-financial-results\/","title":{"rendered":"New tax treatment won\u2019t affect ADIB\u2019s 2018 financial results"},"content":{"rendered":"

Abu Dhabi Islamic Bank\u2019s 2018 financial results will not be affected by proposed amendments to the tax treatment of bank income from government debt, the bank said in an EGX disclosure (pdf)<\/a>. The bank expects, however, a decline of up to 8% in its 2019 profits. CIB and QNB<\/a> had also said last week that their 2018 financial results will not reflect the impact of the proposed amendments.<\/p>\n","protected":false},"excerpt":{"rendered":"

Abu Dhabi Islamic Bank\u2019s 2018 financial results will not be affected by proposed amendments to the tax treatment of bank income from government debt, the bank said in an EGX disclosure (pdf). The bank expects, however, a decline of up to 8% in its 2019 profits. CIB and QNB had also said last week that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[469,204,2372,72,1041],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604690","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-abu-dhabi-islamic-bank","tag-banking","tag-banking-finance","tag-enterpriseam","tag-treasuries","wpautop","entry"],"acf":{"mongo_id":"017b15d0-73cc-40d7-b501-b1d1ede69923","order":"0","is_powered_by":true,"section_story_id":"9e16c74d-97a1-4d98-bccc-769708d1a3b0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604658],"teaser":"","voice_url":""},"yoast_head":"\nNew tax treatment won\u2019t affect ADIB\u2019s 2018 financial results - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/new-tax-treatment-wont-affect-adibs-2018-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New tax treatment won\u2019t affect ADIB\u2019s 2018 financial results\" \/>\n<meta property=\"og:description\" content=\"Abu Dhabi Islamic Bank\u2019s 2018 financial results will not be affected by proposed amendments to the tax treatment of bank income from government debt, the bank said in an EGX disclosure (pdf). The bank expects, however, a decline of up to 8% in its 2019 profits. CIB and QNB had also said last week that […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/new-tax-treatment-wont-affect-adibs-2018-financial-results\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-10T04:19:56+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/new-tax-treatment-wont-affect-adibs-2018-financial-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/new-tax-treatment-wont-affect-adibs-2018-financial-results\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"New tax treatment won\u2019t affect ADIB\u2019s 2018 financial results\",\"datePublished\":\"2018-12-10T04:19:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/new-tax-treatment-wont-affect-adibs-2018-financial-results\/\"},\"wordCount\":75,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Abu Dhabi Islamic Bank\",\"banking\",\"BANKING + FINANCE\",\"EnterpriseAM\",\"treasuries\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/new-tax-treatment-wont-affect-adibs-2018-financial-results\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/new-tax-treatment-wont-affect-adibs-2018-financial-results\/\",\"name\":\"New tax treatment won\u2019t affect ADIB\u2019s 2018 financial results - 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The bank, however, doesn\u2019t expect the decision to reflect in its\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604566,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/06\/banks-say-new-tax-treatment-not-to-affect-2018-results\/","url_meta":{"origin":604690,"position":1},"title":"Banks say new tax treatment not to affect 2018 results","author":"enterpriseam admin","date":"6 December 2018","format":false,"excerpt":"Banks say new tax treatment of income from gov\u2019t debt won\u2019t hit 2018 P&L: CIB\u2019s 2018 financial results will not reflect the impact of proposed amendments to the tax treatment of bank income from government debt, it said in an EGX disclosure (pdf). 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Multiple sources in the tax apparatus, including\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/82.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629169,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/te-signs-usd-200-mn-short-term-loan-agreement-with-afreximbank\/","url_meta":{"origin":604690,"position":3},"title":"TE signs USD 200 mn short-term loan agreement with AfreximBank","author":"enterpriseam admin","date":"23 May 2018","format":false,"excerpt":"State-owned landline monopoly Telecom Egypt signed yesterday a USD 200 mn short-term loan agreement with the African Export-Import Bank (AfreximBank) \u201cto finance working capital and investments in Telecom Egypt\u2019s infrastructure,\u201d according to a statement to the EGX (pdf). Abu Dhabi Islamic Bank acted as financial advisor.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622057,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/26\/finmin-federation-of-egyptian-banks-reach-compromise-on-new-accounting-standards\/","url_meta":{"origin":604690,"position":4},"title":"FinMin, Federation of Egyptian Banks reach compromise on new accounting standards?","author":"enterpriseam admin","date":"26 November 2018","format":false,"excerpt":"FinMin, Federation of Egyptian Banks working toward compromise on new accounting standards? The Finance Ministry and the Federation of Egyptian Banks (FEB) agreed at a meeting yesterday that proposed amendments to the tax code that could hit bank profitability won\u2019t be applied retroactively to the start of this year, sources\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604642,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/consortium-to-provide-egpc-with-usd-750-mn-loan-for-arrears\/","url_meta":{"origin":604690,"position":5},"title":"Consortium to provide EGPC with USD 750 mn loan for arrears","author":"enterpriseam admin","date":"9 December 2018","format":false,"excerpt":"A Mashreq Bank-First Abu Dhabi Bank-HSBC consortium is arranging a USD 750 mn, five-year loan for the Egyptian General Petroleum Corporation (EGPC), which will be used to pay off arrears to international oil companies, banking sources told Al Shorouk. Each of the three banks will contribute an equal share to\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=604690"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604690\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/604658"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=604690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=604690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=604690"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=604690"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=604690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}