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Al-Azhar Has 5 Reservations On Sukuk Law, Issues Final Report Next Monday
Al-Azhar’s Senior Scholars Council has given five reservations on the draft sukuk law which was referred by the…
Egypt Plans To Impose Tax On Bank Loans
Egypt will impose a tax of 0.001 percent on bank credit, loans and advances, according to a law approved in…
Egypt To Reach Final IMF Loan Agreement In Two Weeks- Minister
Egypt's planning minister Ashraf al-Araby said on Thursday the government will reach a final agreement with the…
Additional Economic Reforms From Egypt Still Needed: IMF Official
The International Monetary Fund (IMF) will suggest additional economic reforms as part of its conditions for…
Egypt’s Banking Experts Warn Of Imposing More Taxes On Loans
Many banking experts have shown disagreement with the Shura Council which suggests the amendment of article no. 57…
CBE Offers US$ 40 Mln To Local Banks At Wednesday’s FX Auction
The Central Bank of Egypt (CBE) offers on Wednesday US$ 40 million to local banks at its 42nd FX auction and the…
Egypt Offers Modest Reserves Target, IMF To Consider Loan Size
Egypt aims to boost its foreign currency reserves to $16 billion by the end of June, the planning minister said on…
Blom Bank Egypt Hikes Capital By EGP 150 Mln
Blom Bank Egypt’s board of directors approved to raise issued and paid-up capital by EGP 150 million to reach EGP…
Barclays Plans To Expand In Egypt As French Banks Retreat
Barclays Plc (BARC) plans to add branches in Egypt this year as Britain’s second-biggest bank by assets seeks to…
Egypt To Reintroduce Deposit Operations, Cancels Repos
Egypt's central bank said on Monday it intended to reintroduce deposit operations as a way to absorb excess…