• Tuesday, 11 December 2018

    What we’re tracking this week and beyond

    Elsewedy Electric and Arab Contractors will sign tomorrow final contracts for a USD 3 bn, 2.1 GW hydroelectric dam in Tanzania IDC will be hosting a gathering headlined CyberSecurity Strategies in the Banking Sector tomorrow at the Four Seasons Nile...
  • Tuesday, 11 December 2018

    Egypt’s FRA postpones Beltone appeal hearing again

    FRA postpones hearing on Beltone appeal to 17 December: The Financial Regulatory Authority has postponed to Monday, 17 December is hearing on Beltone Financial’s appeal hearing of a six-month suspension handed to its investment banking arm, according to Al Mal....
  • Monday, 10 December 2018

    Egypt’s FRA to hear Beltone’s appeal of its suspension today

    The Financial Regulatory Authority will hear today an appeal today by Beltone Financial of a six-month suspension handed to the firm’s investment banking arm. The FRA had imposed the suspension following allegations of irregularities in the IPO of consumer- and...
  • Thursday, 6 December 2018

    FRA sets framework for Egypt’s sukuk issuers

    REGULATION WATCH- FRA sets framework for sukuk issuers: The Financial Regulatory Authority (FRA)has set the regulatory framework for sukuk issuers — who will operate special purpose vehicles (SPVs) that exclusively issue sukuks, the FRA announced yesterday. The framework outlines regulations...
  • Tuesday, 4 December 2018

    FRA sets framework for short-term bonds, instruments

    REGULATION WATCH- Aiming to create a market for corporate paper in Egypt, FRA sets framework for short-term bonds, debt instruments: The Financial Regulatory Authority (FRA) has defined the framework and regulations governing short-term debt instruments, including bonds, sukuks, and other...
  • Wednesday, 28 November 2018

    Medhat Khalil appeals conditions for Raya MTO

    M&A WATCH- Medhat Khalil appeals terms of FRA-mandated takeover bid for Raya: Raya Holding for Financial Investments founder Medhat Khalil has appealed the conditions laid out by the Financial Regulatory Authority (FRA) for a mandatory tender offer (MTO) for 100%...
  • 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...
  • Thursday, 15 November 2018

    FRA approves request from Mubasher to suspend advisory branch

    The Financial Regulatory Authority approved Mubasher International’s request to temporarily suspend activities at its financial advisory armfor a year, CEO Ayman Sadek tells Al Mal. Mubasher’s EGM had signed off on the suspension on the back of a slowdown in...
  • Thursday, 15 November 2018

    Aman to issue EGP 250-300 mn securities, to establish securitization firm, considers financial leasing

    Raya Holding subsidiary Aman is planning to issue EGP 250-300 mn-worth of asset-backed securities, pending Financial Regulatory Authority (FRA) approval of the company’s bid to establish a securitization arm, Raya CEO and founder Medhat Khalil tells Al Mal. CIB will...

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