FRA launches NBFIs national strategy, introduces five financial laws to parliament’s current session: Omran
Stakes in four companies to be offered on EGX before 31 March 2020, including Banque du Caire
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FRA approves establishing Regional Centre for Sustainable Finance by presidential decree
Centre aims to raise awareness of sustainable development and promote a green economy culture within financial sector: Omran
FRA approves trading fees reduction on EGX transactions to boost investment
This will reduce trading service fees to 0.005% from 0.00625%, clearing and settlement fees to 0.0100% from 0.0125% and stock market commissions to 0.0100% from 0.0120%.
FRA moves to reduce fees on EGX transactions by 41%
The committee also recommended reducing the expenses of the Investor Protection Fund by 50% to 0.00005%, down from 0.0001%, and cut fees on trading on stocks listed on the EGX by 50%.
Egypt prepares draft law to oblige men to insure their ex-wives
“Divorced woman to be paid insurance benefits immediately after divorce,” says deputy chairperson of FRA
Pharos receives short selling license from FRA
The approval comes pursuant to the decision of the FRA No 268 of 2019 issued in February to regulate the practice of borrowing securities for the purpose of selling.
Microfinance balances increase to EGP 13.79bn end-June: FRA
Funding increased by EGP 4.04bn in a year, clients up 14.1%
Broker Care Insurance Brokerage targets EGP 20m premiums in FY 2020
Broker Care obtained the operating license from the FRA on 7 July, appointing Abu Hagar as chairperson.
HC starts utilising short selling mechanism
Egyptian market moving toward competing with its counterparts in world’s money markets: Shoukry
Acumen sues FRA for EGP 20m over damages to brand reputation
The company demanded a compensation of EGP 20m for damages suffered as a result of the defamation of the company’s reputation within the stock market.
FRA approves legislative amendments to Central Depository and Registry law
Omran added, in a Sunday statement, that the proposed amendments aim to make the Central Depository and Registry Law comprehensive, regulating the clearing and settlement operations, whether in the current or future exchanges
Value of mortgage finance drops to EGP 440.7m during Q1 2019
The report pointed out the acquisition by investors according to monthly income segments (up to EGP 2,500) of 58% of the value of mortgage finance during Q1, while the share of those with monthly income (more than EGP 3,500) was about 22%.
FRA sets plan for non-banking financial sector to implement state strategy for digital transformation
FRA determines six phases to implement plan
FRA considers new amendments to short selling controls
Proposed amendments include offering shares for borrowing through MCDR
FRA aims to increase micro funding beneficiaries to 4 million with EGP 15bn funding in 2022
Conference of HC Securities demands cooperation with banks to facilitate real estate funding
Possible challenges ahead: former chairperson of FRA
Financial Markets Adviser and former Chairperson of the FRA, Sherif Samy, said that every country in the world is keen to protect its consumers and to control markets through drafted laws, including activities of services and trade sectors. But for consumer financing activities, countries are different in dealing with them, as Samy clarified to Daily …
Consumer financing activity under control
Activities worth EGP 70bn to experience first legislative framework ever
Total activities of micro finance portfolio reach value of EGP11.5bn in 2018: FRA
FRA chairperson praised vital role played by stakeholders operating in micro finance
Insurance companies’ net investments see 16.1% increase in FY 2017/18
Value of investments in private insurance funds reaches EGP 70 bn during last year
Investment portfolio of insurance companies in Egypt rose to EGP 99.3bn in last FY: FRA
FRA’s has several projects, such as insurance on students, in addition to insuring governmental buildings
FRA approves draft law to regulate consumer credit activities
Only companies licensed by FRA, with capital of EGP 10m or more can operate
Egypt is among largest Arab markets, insurance diffusion remains low: El Khatib
Company’s assets increase by 19% for last 3 years, after distributing $10m of dividends in 2017
Egyptian Financial Regulatory Authority begins capital markets training programme
Experts from Bloomberg, Blockchain, National Organisation of Investment Professionals, others will deliver training
IFE cooperates with FRA to double premiums volume within three years: IFE’s chairperson
Federation to launch awareness camping about insurance in September, says Al-Zoheiry
FRA launches electronic registry of movable securities
The Egyptian Financial Regulatory Authority (FRA) has officially launched the electronic registry of movable assets that enables micro, small, and medium entrepreneurs to obtain additional financing for their projects by leveraging equipment and machines they own or what they intend to buy. Mohamed Omran, FRA chairperson, said at a press conference that Egypt was the …
FRA approves securitisation bonds worth EGP 1.1bn
The Financial Regulatory Authority (FRA) approved the 7th issuance of securitisation bonds by the Egyptian Securitisation Company for the amount of about EGP 1.1bn. These bonds are considered one the biggest bond issuances in the Egyptian market. Moreover, the bonds are backed by the portfolio of Corporate Leasing Company Egypt S.A.E. (CorpLease). Furthermore, Commercial International …
FRA greenlights establishing 8 holding companies 24 hours after completion of required documents
Rapid approvals implementation of Investment Law, says Osool branch manager
Finance lease contracts rose to EGP 22bn in 10M 2017: FRA report
Real estate, land came on top, followed by automotive sector
FRA issues formal warning on dealing in cryptocurrencies
Expansion of Bitcoin threatens trading volume on EGX, national economy: Prime CEO
Approvals of issuing shares amounted to 4,044 during first 10 months of 2017: FRA
These rates are expected to increase in 2018 on economic reform, governmental IPOs, say market experts