• Tuesday, 26 November 2019

    Egyptian Financial Regulatory Authority issues new regs allowing greater participation in investment funds

    REGULATION WATCH- FRA issues new regs that sound like a chaperone agreement for investment funds: The Financial Regulatory Authority (FRA) issued yesterday new regulations that would allow companies (as legal persons) to set up and manage investment funds by piggybacking...
  • Sunday, 24 November 2019

    Egyptian exchange issues new regs on book-building process for IPOs, secondary offerings

    REGULATION WATCH- EGX issues new regs on book-building process for IPOs, secondary stake sales: The Egyptian bourse has issued new regulations allowing companies to amend the timeline for receiving orders during the book-building phase of an IPO or stake sale...
  • Monday, 18 November 2019

    Americana Egypt minority shareholders turn down Adeptio's offer price

    M&A WATCH- Americana minority shareholders turn down Adeptio's offer price: Minority shareholders in the Egyptian International Tourism Projects Company (Americana) have rejected Adeptio's mandatory tender offer (MTO), which offered to buy Americana’s shares at EGP 3.9 apiece, according to Al...
  • Wednesday, 6 November 2019

    Egypt could exempt charity funds from paying taxes

    The Finance Ministry has agreed in principle to exempt charity funds from paying taxes in a bid to encourage the sector, Italy-based asset manager Azimut Group Managing Director Ahmed Abou El-Saad tells Al Mal. Azimut has been hired to manage...
  • Wednesday, 6 November 2019

    Egypt’s FRA cuts fees on green bonds issuance by half

    REGULATION WATCH- Market regulator slashes service, inspection fees on green bonds in half: The Financial Regulatory Authority (FRA) will reduce its services and inspection fees on green bond issuers by half in a bid to encourage issuances, the market regulator...
  • Tuesday, 5 November 2019

    Financial Regulatory Authority greenlights micro lenders to offer nano-lending

    Startup types and bankers alike, take note: The Financial Regulatory Authority (FRA) is now allowing microlenders to begin offering nano lending services — providing mobile-based cash loans — with a cap of EGP 3k per transaction and a maximum tenor...
  • Monday, 4 November 2019

    Parliament excludes banks and FRA from Data Protection Act

    LEGISLATION WATCH- House committee agrees to exclude central bank, market regulator from Data Protection Act: The House ICT Committee has agreed to exempt the Central Bank of Egypt and the Financial Regulatory Authority from the stipulations laid out in the...
  • Sunday, 3 November 2019

    Emerald Real Estate Investment to list a stake on EGX

    IPO WATCH- Odin Investments seeks to IPO subsidiary on EGX: Real estate investment firm Emerald is seeking approval from the Financial Regulatory Authority (FRA) to offer an undisclosed stake on the Egyptian Exchange (EGX), the company's major shareholder Odin Investments...
  • Thursday, 31 October 2019

    Gov’t approve amendments on microfinance

    LEGISLATION WATCH- Gov’t sets capital requirements for non-bank SME funders: The Madbouly Cabinet approved yesterday draft amendments to the 2014 Microfinance Law that set up new capital requirements for all non-banking finance institutions looking to lend money to SMEs, according...

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