• Thursday, 31 October 2019

    Rameda announces intention to IPO in 4Q2019

    IPO WATCH- Rameda announces intention to IPO in 4Q2019: Rameda Pharma, the country’s fastest-growing generic pharmaceuticals player, announced yesterday morning its intention to sell an undisclosed number of shares in an initial public offering on the EGX in 4Q2019. The...
  • Wednesday, 16 October 2019

    FRA, CBE sign agreement to combat money laundering and terrorism financing in Egypt

    The Financial Regulatory Authority and the Central Bank of Egypt (CBE) signed a cooperation agreement to combat money laundering and terrorist financing, Al Shorouk reports. The agreement will see the two work together to bring Egypt’s anti-money laundering systems in...
  • Sunday, 13 October 2019

    FRA grants Elite Financial first financial advisor license since introducing new regs

    The Financial Regulatory Authority has granted Elite Financial Consultancy the first license as an independent financial advisor since introducing new licensing regulations, deputy chairman Seif Eldin Awny told the local press. The company plans to offer a range of services...
  • Sunday, 15 September 2019

    Shorts are expected to come to Egypt’s stock exchange in November

    Shorts are expected to begin in November: The Financial Regulatory Authority (FRA) is expected to give the green light to begin short-selling on the EGX in November, FRA deputy head Khaled El Nashar said on Thursday following a meeting with...
  • Wednesday, 7 August 2019

    FRA to launch arbitration center in early 2020

    The Financial Regulatory Authority (FRA) plans to launch its own arbitration center to settle non-banking finance related disputes in early 2020, the FRA’s Vice Chairman Khaled El Nashar told Al Mal. The FRA is working on completing the administrative structure...
  • Thursday, 25 July 2019

    FRA awards Premiere Securities short selling license

    The Financial Regulatory Authority has granted Premiere Securities a short selling license, the local press reported. The company joins a growing list of brokerages authorized to short sell — including Arqaam, EFG Hermes, CI Capital, the Arab African International Securities,...
  • Thursday, 27 June 2019

    GTH signs dispute settlement agreement with Egypt’s Tax Authority, FRA approves Veon MTO

    GTH signs tax settlement agreement, regulator approves Veon’s MTO, ending the years-long saga: Veon subsidiary Global Telecom Holding (GTH) signed a USD 136 mn tax settlement agreement with the Egyptian Tax Authority, GTH said in a bourse filing (pdf). GTH...
  • Tuesday, 28 May 2019

    FRA issues non-banking financial service e-payment regs

    REGULATION WATCH- FRA issues e-payment regulations for non-banking financial services: The Financial Regulatory Authority (FRA) has issued new regulations to ensure all non-banking financial service providers use non-cash methods when making or receiving payments exceeding the EGP 500 threshold specified...
  • Thursday, 7 March 2019

    Medhat Khalil’s Raya Holding MTO moves forward

    M&A WATCH- FRA agrees to MTO announcement for Raya: The Financial Regulatory Authority (FRA) has agreed to publish El Pharonia for Real Estate Investment’s mandatory tender offer (MTO) announcement for Raya Holding for Financial Investments, it said in a statement...

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