Tag: Finance

National Bank of Egypt raises retail banking portfolio to EGP 35bn: Head of sector

Bank aims to raise its retail banking portfolio in FY 2014/2015 as…

Daily News Egypt

Sawiris-Beltone 20% acquisition of Hermes will not be implemented ‘chaotically’: EFG Hermes Chairman

Head of EFSA says oversight body is currently studying documents submitted to…

Daily News Egypt

EGAS still awaiting $1bn from finance ministry to import gas for electricity: EGAS

EGAS has yet to sign with two oil companies to supply 12…

Daily News Egypt

Property law approved, expected to raise EGP 3bn: Government officials

Tax rate applied will be 10% of the units’ rental value

Sara Aggour

EGP 45.5bn growth in deposits during 1Q 2014: CBE

Total government deposits at the end of March were EGP 169.412bn, decreasing…

Daily News Egypt

Fiscal deficit to remain in double digits, inflation unlikely to rise: CitiBank

Economy remains weak with consumption under pressure and investment affected, the report…

Sara Aggour

Decision on stock market tax is ‘final and irreversible’: Finance minister

Dimian estimates that proceeds to the treasury from the new tax will…

Daily News Egypt

Public finances remain weak, Sisi’s win does not alter ratings: Fitch

“A very high turnout might have enhanced the legitimacy of the return…

Sara Aggour

No train fines applied Tuesday, citizens encouraged to vote: Transportation minister

Ministry aims to facilitate the process of reaching polling stations for citizens,…

Sara Aggour

Increasing tax revenues to EGP 10bn an ‘impossible task’: Head of Tax Experts Association

Government aims to increase tax revenues in new budget, but has refrained…

Daily News Egypt