• Sunday, 2 December 2018

    End of special FX repatriation mechanism is boon for Egypt banking sector

    End of CBE’s special repatriation mechanism is a boon for banks, says industry: The CBE’s decision to terminate its parallel foreign exchange repatriation mechanism for new portfolio investments starting 4 December is receiving so much positive attention from the banking...
  • Monday, 26 November 2018

    What we’re tracking on 26 November 2018

    *** Our 2019 reader survey ends tomorrow. Tell us whether you’re investing or hiring. What you expect the exchange rate to be. Whether interest rates are winds at your back — or headwinds. Take part in the largest poll of...
  • Sunday, 25 November 2018

    What we’re tracking this week and beyond

    FRA to look into Beltone’s appeal tomorrow: The Financial Regulatory Authority (FRA) will hold tomorrow a hearing to look into an appeal by Beltone Financial against the FRA’s six-month suspension of its investment banking arm, sources said, according to Al...
  • Wednesday, 14 November 2018

    Here’s what Egypt’s market regulator claims Beltone investment banking did wrong

    Regulator’s grounds for suspending Beltone’s investment banking license are becoming increasingly clear: The Financial Regulatory Authority (FRA)’s grounds for suspending Beltone’s IPO unit from all market activity for a six-month period have yet to be disclosed, leaving market chatter to...
  • Tuesday, 13 November 2018

    Beltone’s Auerbach Graysonnamed “Best Performing Broker in Africa”

    Beltone Financial’s New York-based brokerage subsidiary Auerbach Grayson & Company has been named “Best Performing Broker in Africa” for Africa Investor’s 2018 Index Series Awards at NASDAQ Marketsite for the fifth time, it said in a press release (pdf). Auerbach...
  • Monday, 12 November 2018

    Could Beltone’s IPO fiasco scare the market off?

    Industry to the FRA: Make clear why Beltone was suspended over the Sarwa IPO or everyone could suffer: The Financial Regulatory Authority needs to make clear why it suspended Beltone Financial’s IPO unit or risk harming the market for capital...
  • Sunday, 11 November 2018

    “Few” investor complaints to FRA, says Beltone’s El Sahrawy

    “Few” investor complaints to FRA were those who “lost” on Sarwa IPO says Beltone’s El Sahrawy: Beltone Financial Investment Banking head Sobhy El Sahrawy said he was unaware how many investors complained to the Financial Regulatory Authority (FRA) about alleged...
  • Wednesday, 7 November 2018

    Beltone says no irregularities in Sarwa prospectus

    Beltone denies allegations of irregularities in Sarwa IPO: Beltone Financial investment banking chief Sobhy El Sehrawy told Reuters yesterday that the IPO prospectus for structured and consumer finance player Sarwa Capital “contained no irregularities.” His remarks were the firm’s first...
  • Monday, 5 November 2018

    Egypt’s FRA says suspended Beltone’s investment banking arm due to irregularities in Sarwa IPO

    ** #1 FRA says Beltone suspension was due to “irregularities” in Sarwa IPO: The Financial Regulatory Authority (FRA) suspended Beltone Financial’s investment banking unit for six months after an investigation allegedly found the initial public offering of structured and consumer...

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.