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» NSD and Egypt’s CSD Sign Memorandum of Understanding
National Settlement Depository (NSD), Russia’s central securities depository, and Misr for Central Clearing, Depository and Registry (MCDR), Egypt’s central securities depository, have signed a memorandum of understanding at the Moscow Exchange Forum. The CSDs agreed to develop their cooperation in order to provide investors with the access to the markets of both countries, to exchange information and experience in the sphere of depository and settlement operations and interactions via correspondent accounts, corporate actions processing and information services. In addition, the parties agreed to cooperate within the framework of the World Forum of CSDs.
» ElMakkasa football team reserved its place in round of 32 in the CAF Confederation Cup
ElMakkasa football team reserved its place in round of 32 in the CAF Confederation Cup tournament, after beating the the Ethiopian Defense team 3-0, on Saturday 27-2-2016 in Fayoum Stadium. Thus, ElMakkasa's aggregate score is 6-1, after scoring 3-1 in Ethiopia. Amr Barakat was the first to score in minute 55, by a strong kick. Sayed Hamdy's goal followed in minute 67, before Omar El-Nagdy sealed the match for ElMakkasa by a third goal in minute 89. ElMakkasa will play against Don Bosco from DR Kongo in March.
» MCDR Signs a cooperation agreement with the Moroccan Depository house (Maroclear)
MCDR's CEO Mr. Mohamed Abdel Salam and Maroclear's CEO Ms. Fathia Bennis have signed a cooperation agreement. The event was attended by his Excellency Mr. Ahmed Ehab Gamal El Deen, the Egyptian Ambassador in Morocco, where Mr. Mohamed Abdel Salam has granted his Excellency MCDR's shield of honor.
» MCDR succeeded to join the board of the Association of National Numbering Agencies (ANNA)
Misr for Central Clearing, Depository and Registry (MCDR), represented by Dr. Tarek Abdel Bary - Managing Director- succeeded to join the board of the Association of National Numbering Agencies (ANNA) through the elections took place in Ireland.
Worth-mentioning, it is the first time an African country gains the board membership where the board consists of 5 represented members; Germany, UK, Canada, Egypt and Mexico.
» Misr for Central Clearing, Depository and Registry’s Partners with CIB to issuea co-brandedPre-paid Card
MCDR and CIB agreed a partnership to create a pre-paid card for interested investors in the Stock Exchange to be able to access their cash dividends from ATMs as well as make purchases through POS. Thisinnovative initiative is to facilitate the process of accessing stock profitsof investors with ease and efficiency.
» Capital Taxes
Procedures of calculating taxes of capital profits after selling securities listed in the stock market, as stated in the President’s resolution of Law number 53 for year 2014 with regard to Egyptian investors.
» Capital Taxes
For more information about Capital taxes for foreign investors
please call : 25971666
or contact Mr. Mahmoud El-Akkad via email: Tax@mcsd.com.eg
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