Mbadi: PAYE tax relief proposal still under active consideration
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Treasury Cabinet Secretary John Mbadi has confirmed that the government’s earlier proposal to raise the PAYE tax-free threshold from KSh 24,000 to KSh 30,000 remains under consideration, despite its absence from the draft Finance Bill 2026.
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Commercial International Bank posted consolidated net profit of EGP 17.8 billion for the first quarter of 2026, up 7 percent from a year earlier. Revenue reached EGP 31.2 billion, a 15 percent increase, even as regional tensions and currency moves created challenges.
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The Financial Regulatory Authority released its first quarterly report showing strong growth in Egypt's investment funds sector during the first three months of 2026.
Ceva, Inc. conducted its first quarter 2026 earnings conference call on May 11, 2026. Executives reviewed business performance and highlighted key financial measures during the event.
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India's market regulator is proposing changes to speed up fundraising for alternative investment funds. A new green channel would allow certain schemes to launch immediately while waiting periods for regular schemes would be reduced.
Hims & Hers Health posted a revenue miss in the first quarter amid margin pressures.
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Argentina's credit rating rose to B- after Fitch Ratings' decision, driving the country risk down to 496 basis points on Monday, May 11. The indicator had not broken that level since late January.
Argentina country risk rises to 511 basis points
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