• Wednesday, 8 April 2020

    Short selling in Egypt remains anemic, despite potential for covid profits

    Short selling in Egypt has remained anemic since the mechanism was launched on the EGX in December, Misr for Central Clearing, Depository, and Registry (MCDR) Managing Director Tarek Abdel Bari said, according to the local press. Over the past four...
  • Sunday, 5 April 2020

    Egypt’s cabinet greenlights investor protection fund intervention

    Cabinet greenlights investor protection fund intervention: The Madbouly Cabinet has approved a proposal from the Financial Regulatory Authority (FRA) to allow the Investor Protection Fund (IPF) to invest up to 10% of its EGP 4 bn funds to stimulate the...
  • Wednesday, 1 April 2020

    Consumer finance companies are looking FRA licensing

    valU, Premium Card, Souhoola and Aman are looking for consumer finance licensing: Consumer finance outfits valU (an arm of EFG Hermes), Premium Card, Aman Installment Company (a subsidiary of Raya Holding), and Souhoola (a CI Capital subsidiary) will apply to...
  • Wednesday, 1 April 2020

    FRA asks securitized bondholders to extend maturities

    DEBT WATCH- FRA asks securitized bond holders to extend maturities: The Financial Regulatory Authority approved a request from corporate bond issuers to extend the maturities of securitized bonds by six months and asked bondholders to follow suit, according to an...
  • Thursday, 26 March 2020

    What we’re tracking on 26 March 2020

    We are in the final minutes of the country’s first nighttime curfew in some seven years, and the streets were eerily empty past dusk. Al Shorouk and Ahram Online carried pictures of the ghost town that was Cairo. Who’s still...
  • Wednesday, 25 March 2020

    Talaat Moustafa awaiting FRA approval for sukuk issuance

    DEBT WATCH- Market regulator expected to approve TMG’s planned EGP 2 bn corporate sukuk issuance this week: The Financial Regulatory Authority (FRA) is expected to approve this week Talaat Moustafa Group’s (TMG) planned EGP 2 bn corporate sukuk issuance, the...
  • Tuesday, 24 March 2020

    FRA orders Egypt’s NBFS associations to include at least one woman

    The Financial Regulatory Authority approved a new rule committing all non-banking financial services associations to include at least one woman on their board of directors, according to an official statement. The FRA passed two similar decisions last year obliging listed...
  • Sunday, 22 March 2020

    EGX30 ends in the green for the first time in two weeks

    The EGX30 closed Thursday in the green for the first time in weeks: The benchmark EGX30 closed in the green on Thursday for the first time in two weeks, rising 5% by the closing bell. The index closed in the...
  • Thursday, 12 March 2020

    Market regulator mulls moving a lawsuit against Adeptio

    DISPUTE WATCH- Market regulator mulls moving a lawsuit against Adeptio chairman: The Financial Regulatory Authority (FRA) is considering filing charges against Emaar chairman and Adeptio Investments head Mohamed Alabbar for failing to submit a mandatory tender offer (MTO) for the...

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