Bankers Differ On Exempting Sukuk From Taxes
Banking experts have differed on article no.23 of sukuk bill currently discussed at the Shura Council (upper house…
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Bassant Fahmy
Farouk El-Okdah To Leave CBE Upon Approval Of New Constitution
A number of bankers affirmed that Dr. Farouk El-Okdah, Governor of Central Bank of Egypt (CBE), will leave his…
Hunger Revolution Looms As Foreign Reserves Drop Sharply: Experts
Egypt’s foreign cash reserves dropped US$ 448 million to reach US$ 15.035 billion at the end of last November. A…
Bankers Differ On Impact Of Political Turmoil Over IMF Talks
Egypt is witnessing political turmoil after the eruption of violent clashes between protestors and security forces…
Experts Expect CBE To Keep Interest Rates Unchanged
The Monetary Policy Committee is expected to leave overnight deposit and lending rates unchanged in its meeting…
Banque Misr Raises Capital To Comply With Basel II, Offer Larger Finances: Experts
Bankers welcomed the move taken by Banque Misr to increase its capital by EGP 6.3 billion to reach EGP 11.3…
Sukuk To Replace Foreign Borrowing: Banking Experts
A number of Egyptian bankers affirmed on the importance of approving sukuk (Islamic bond) draft law in the current…
Argument on Al Nasharty’s Debt Settlement
Bankers have different opinions on the chairman of Sainsubry’s Group Amr Al Nasharty’s settlement deal of EGP 377…
Bankers Criticize CBE’s Refusal to Give More Islamic Banking Licenses
Some bankers criticized Central bank of Egypt’s refusal to give more Islamic banking licenses to four commercial…
Debate On Foreign Reserves Retreat to US$ 10.4 bln Next June
Egypt’s foreign reserves will decline from US$ 15.7 billion as reported in Last February to US$ 10.4 billion by…
