• Monday, 16 August 2021

    The Egyptian Securities Federation really wants more members

    The Egyptian Securities Federation (ESF) wants tough new measures to force firms to pony up membership fees: Securities companies could face sanctions if they don’t sign up to the Egyptian Securities Federation under proposals submitted to the Financial Regulatory Authority...
  • Sunday, 15 August 2021

    And Egypt’s first microleasing license goes to…

    Tasaheel acquires Egypt’s first microleasing license: Micro lender Tasaheel was today granted the first license for microfinance leasing in the Egyptian market by the Financial Regulatory Authority (FRA), a source at the regulator told Enterprise today. This will make the...
  • Monday, 9 August 2021

    Heads of FRA, SCA reappointed for another year

    Financial Regulatory Authority (FRA) Chairman Mohamed Omran and Suez Canal Authority (SCA) Chairman Osama Rabie have both been reappointed for one-year terms by President Abdel Fattah El Sisi, according to an announcement in Sunday’s Official Gazette. Omran was first appointed...
  • Thursday, 5 August 2021

    FRA to issue tailor-made actuarial tables

    Inching closer to a tailor-made life ins. industry: The Financial Regulatory Authority (FRA) has finished drafting Egypt’s first actuarial life tables in a move that is expected to help ensure a fair valuation of life ins. policies in line with...
  • Sunday, 25 July 2021

    Aldar gets more time for SODIC MTO

    Aldar Properties has another 30 working days beyond a previous 2 August deadline to submit a mandatory tender offer for no less than 51% of real estate developer Sodic’s shares, after the Financial Regulatory Authority extended the bidding deadline based...
  • Thursday, 15 July 2021

    Raya establishes Aman for Technology, NBFS, and Electronic Payments

    Raya to consolidate Aman subsidiaries into a holding company following FRA approval: Raya Holding gained approval from the Financial Regulatory Authority (FRA) to create a holding company for its subsidiaries Aman for E-Payments, Aman for Microfinance, and Aman for Financial...
  • Sunday, 11 July 2021

    GB Auto gets FRA nod to expand consumer finance activities

    GB Auto has landed final regulatory approval to launch new consumer finance activities for factoring arm Drive, according to a company statement (pdf). The nod from the Financial Regulatory Authority (FRA) will allow Drive to widen its activities beyond car...
  • Sunday, 4 July 2021

    It’s official: CIB confirmed to be our first corporate green bond issuer

    FRA signs off on CIB’s USD 100 mn corporate green bond issuance: The Financial Regulatory Authority (FRA) signed off on Egypt’s first corporate green bond issuance last Wednesday, which, as expected, is being piloted by our friends at CIB, the...
  • Wednesday, 30 June 2021

    Our new futures exchange could go live before the end of the year

    Derivatives trading is coming to Egypt before the year is out: The Financial Regulatory Authority (FRA) is looking to launch Egypt’s first futures exchange before 2022, FRA Deputy Chairman Islam Azzam told Asharq Business. The long-awaited exchange will initially allow...

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