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Wednesday, 16 November 2016

What we’re tracking this week

We’re back to “before the end of the month” on the executive regulations for the value-added tax, according to recent statements by Deputy Finance Minister Amr El Monayer. The ministry had promised that the regulations would be out this week. Speaking on taxation disputes, El Monayer said that the ministry will order the formation of 25 tax settlements committees, Al Mal reports.

The CBE’s Monetary Policy Committee meets on Thursday to review interest rates. We expect that the color commentary from MPC will be more significant than any policy decision they may be after the CBE raised rates 300 bps with the float of the EGP.

The European Bank for Reconstruction and Development (EBRD) is holding a workshop in Alexandria on Thursday to introduce the business community to its activities in the coastal city, according to Al Mal.

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