• Monday, 18 January 2021

    What we’re tracking on 18 January 2021

    Good morning, friends — we’ve now done this together for 1,500 mornings. Thank you, each and every one of you, for coming along for the ride. And if you enjoy reading us each weekday morning, please join us in thanking...
  • Tuesday, 29 December 2020

    TMG, Sarwa, and CIRA makes three

    The Financial Regulatory Authority (FRA) has signed off on EGX-listed private education outfit CIRA’s EGP 600 mn sukuk issuance, FRA chief Mohamed Omran announced in a statement yesterday (pdf). Proceeds from the offering will fund CIRA’s expansion plans in K-12...
  • Thursday, 24 December 2020

    Kudos

    The Financial Regulatory Authority (FRA) has joined the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). The NGFS was launched by eight central banks and supervisors at the 2017 One Planet summit in Paris to build...
  • Sunday, 20 December 2020

    What we’re tracking on 20 December 2020

    Good morning, friends. It’s both interest rate week and Christmas week — happy holidays to all those who celebrate. It is also — blessedly — the second-last business week of 2020.Look for the central bank to leave rates on hold...
  • Monday, 23 November 2020

    Sarwa sukuk issuance gets green-light from regulators

    DEBT WATCH- Biggest corporate sukuk yet gets regulatory approval: Sarwa Capital’s EGP 2.5 bn sukuk issuance was approved by the Financial Regulatory Authority’s (FRA) Sharia Supervisory Committee on Thursday, paving the way for it to become only the second company...
  • Sunday, 22 November 2020

    The EGX has changed how it calculates closing share prices

    REGULATION WATCH- The EGX has changed how it calculates closing share prices: Closing share prices on the EGX will be calculated according to the volume-weighted average, as long as this meets a minimum value based on the share’s trades over...
  • Thursday, 12 November 2020

    FRA granted sweeping powers as Unified Insurance Act gets cabinet approval

    CABINET WATCH- Market regulator a step closer to getting sharper teeth as cabinet approves Unified Insurance Act: New extensive powers for the Financial Regulatory Authority (FRA) to regulate the establishment, licensing and oversight of insurers and reinsurers as well as...
  • Thursday, 12 November 2020

    What we’re tracking on 12 November 2020

    The big news of the morning: Pfizer’s breakthrough on Monday seems to have escalated the superpower competition for a covid-19 vaccine, with both the Russians and Chinese yesterday coming out to tout their recent successes with their respective vaccines. First...
  • Monday, 12 October 2020

    Insurance companies face new capital requirements to protect against EAS risk

    REGULATION WATCH- Insurance companies will now be required to hold 1% of assets in reserve after the Financial Regulatory Authority (FRA) yesterday introduced new capital requirements designed to protect insurers against risks associated with applying the new Egyptian Accounting Standards...

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