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Beltone waives its claim against EFSA in preparation for reconciliation
Reconciliation not mandatory for EFSA, does not cancel administrative decisions: Sources
Consumer finance in Egypt worth EGP 70bn, requires putting activity under EFSA’s supervision: Omran
EFSA aims to increase volume of financial leasing to EGP 80bn by end of 2022
Market Advisory presents “short selling” proposal to EFSA next week
Financial Supervisory Authority aims to issue a new insurance law in 2018
EFSA approves decision to reduce trading time on stocks in EGX
EGX begins meetings with investor relations officials to improve communication and disclosure
EFSA awards movable assets registry establishment and operation contract to i-Score
Establishment of registry contributes to the improvement of Egypt’s ranking in the Doing Business reports issued by the World Bank, and we expect to complete its operation during 6 month, says Kafafy
Prime Minister appoints Mohamed Omran as EFSA acting chairperson
Minister of Investment and International Cooperation Sahar Nasr said that Prime Minister Sherif Ismail issued a decree appointing Mohamed Omran as acting head of the Egyptian Financial Supervisory Authority (EFSA), pending the adoption of the procedures prescribed by the Constitution after the commencement of the session of the House of Representatives. Nasr explained that EFSA …
Egypt financial watchdog turns down Reacap Financial Investments’ fair value study
The stock price hover around its highest level in six years
EFSA says Wadi Degla should obtain its approval to acquire Reacap shares
The authority halted the trading on Recap’s stocks for further details about the fair value
EGP 11.8bn value of financial leasing contracts in H1 of 2017: Samy
Mortgage funding companies inject EGP 956m during H1 of 2017 with a 77% increase
CBE, EFSA sign agreement to enhance financial inclusion in Egypt
Sharm El-Sheikh will host an international conference on financial inclusion on 17 September
1.8m people benefited from microfinance loans until the end of 2016: Samy
Volume of funding provided by these bodies increased to EGP 4.5bn, trade activity among the top beneficiaries, says EFSA chairperson
New investment law obliges companies to allocate 10% of profits for community purposes: Sherif Samy
Ministry of Health launched a strategy for population communication, says Shawky
Mubasher acquires financial advisory licence from EFSA
The licence will enable Mubasher to operate as an independent financial advisor
We aim to improve Egypt’s investment attraction: Samy
The EFSA is working on amending several procedures to regulate the market
Real estate funds will enter Egypt through three contenders in 2017
NAEEM to issue two tranches, each at EGP 1bn
EFSA approves deal to sell CI Capital to Arab and Egyptian investors
This comes after the deal of selling CI Capital Holding to Naguib Sawiris failed
Five draft laws and money market development files are currently handed to Sahar Nasr business portfolio
Sherif Samy, chairperson of the Egyptian Financial Supervisory Authority (EFSA), said that five draft laws and money market development files are currently handed to the Minister of Investment’s Sahar Nasr business portfolio after assigning her the role of the competent Minister of EFSA. Samy explained that the money market is currently waiting for the approval …
Nile Cotton Ginning calls for EGX, EFSA to return to trading on shares
Negotiations with the government reached a dead end and the current solution is to return trading
EFSA studying permission for T+0 mechanism for fund managers
Head of the Egyptian Financial Supervisory Authority (EFSA), Sherif Samy, told Daily News Egypt that the authority is considering the allowance of same-day trading, known as T+0, for fund managers, noting that they will study how this may conflict with the capital market law to remove any legislative obstacles. Samy added that the authority is …
Accelerating issuing of laws will help improve business environment, attract investments
We should think about integrating incorporating entities before preparing the public offerings programme to increase efficiency
Fears from the repercussions of the stamp tax application on capital market and government propositions
Stamp fees are less harmful for EGX compared to capital taxes
Premiums of insurance companies exceed EGP 17bn at end of last fiscal year: EFSA
Samy stressed the importance of developing the compulsory insurance system
Amendments to draft financial leasing law enables leasing of assets for consumption purposes
The law will be submitted to the cabinet within days, said Sami
Blom Bank enters asset management sector through ‘Blom Egypt for Financial Investments’
The bank works to complete the procedures for establishing the new company through EFSA to expand its non-banking financial services
Mubasher manages media company acquisition agreement
Mubasher will begin by assessing the company in the local market for the purpose of selling it
Resuming the commodity stock exchange depends on the Supply Ministry’s current direction: Samy
EFSA will proceed with establishment of commodity stock exchange under all circumstances
Does GCI’s assessment of the Egyptian capital market reflect EGX’s real position?
While EFSA believes that Egypt deserves a better assessment in the ‘regulation of securities exchanges’, investors assert that rules of finance are more complicated
EFSA made legislative amendments to attract major companies to insurance, financial leasing sectors: chairperson
The offering of public companies and the IMF loan are just tools, and their success does not mean that we are on the right path, says Samy
EFSA intends to increase fine for delay in sending financial statements to exceed EGP 2,000: Samy
Ministry of Investment sends executive regulation draft to state council
Registering fund certificates in EGX to allow investors to compare market and book values: assets managers
To activate this step, the regulatory rules for funding activities must be modified separately from the Capital Market Law’s executive regulations