Browsing: Egypt

The Egyptian Tax Authority (ETA) declared that it has not issued any directives or instructions concerning levying taxes on capital gains arising from the sale of securities listed on the Egyptian Exchange (EGX) during the past period to date, as per a statement.

The Central Bank of Egypt (CBE) has disclosed a significant increase in the total financial position of banks operating in the local market. In 2023, this position reached approximately EGP 14.2trn, compared to EGP 11.399trn in December 2022—an impressive surge of about EGP 2.8trn.