• Thursday, 15 November 2018

    FRA to complete market regs for short-selling next month

    REGULATION WATCH- FRA to complete market regs for short-selling next month: The Financial Regulatory Authority finish regulations governing short-selling next month with an eye to rolling out shorts early in 2019, deputy chairman Khaled El Nashar told Amwal Al Ghad....
  • Monday, 12 November 2018

    Kuwait’s KAMCO to launch investment banking operations in Egypt early next year

    Kuwait’s KAMCO Investment Company expects to begin operating as a licensed investment bank in Egypt early next year after obtaining the necessary licenses from the Financial Regulatory Authority (FRA) by year’s end, Managing Director and Head of Mergers and Acquisitions...
  • Monday, 12 November 2018

    Could Beltone’s IPO fiasco scare the market off?

    Industry to the FRA: Make clear why Beltone was suspended over the Sarwa IPO or everyone could suffer: The Financial Regulatory Authority needs to make clear why it suspended Beltone Financial’s IPO unit or risk harming the market for capital...
  • Thursday, 8 November 2018

    Investor Protection Fund coverage to expand to EGP 1 mn

    The Egyptian Investor Protection Fund (EIPF) is considering expanding its investment portfolio coverage limit to EGP 1 mn from EGP 500k to cover stock market losses resulting from fraud, its chairman Mamdouh Abu Elazem told Youm7. We had previously reported...
  • Monday, 5 November 2018

    Medhat Khalil to appeal date and price of MTO for Egypt’s Raya Holding

    ** #2 Medhat Khalil to appeal the FRA-ordered date and price of Raya MTO: Medhat Khalil will appeal the date and price set by a Financial Regulatory Authority (FRA) as part of its order that he divest shares in the...
  • Monday, 5 November 2018

    Egypt’s FRA says suspended Beltone’s investment banking arm due to irregularities in Sarwa IPO

    ** #1 FRA says Beltone suspension was due to “irregularities” in Sarwa IPO: The Financial Regulatory Authority (FRA) suspended Beltone Financial’s investment banking unit for six months after an investigation allegedly found the initial public offering of structured and consumer...
  • Wednesday, 31 October 2018

    Medhat Khalil & Co looking to submit MTO for Raya

    ** #1 M&A WATCH- Medhat Khalil & Co to submit mandatory offer for 100% of Raya? Conflicting media reports emerged yesterday over reports that Raya founder Medhat Khalil is leading a group that will submit a mandatory tender offer (MTO)...

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