This came in a report issued by the Central Bank of Egypt (CBE) on Wednesday.
2021 witnessed the first issuance of green bonds in the capital market in Egypt by a company with a value of $100 million (equivalent to LE 1.6 billion), in cooperation with the International Finance Corporation to support the transformation of the Egyptian economy into a green economy.
The legislative proposal comes with the aim of deterring people who issue and publish misleading recommendations and advice to manipulate small investors.
The new controls will allow natural or legal persons to invest in government securities and financial instruments through the depository and settlement members of the newly created company, according to a statement from the Financial Supervisory Authority Monday.
Omran clarified that this will take place by allowing factoring companies to provide the service of deduction of the future financial rights of stock brokerage companies arising from engaging in the activity of buying securities on margin.
China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures.
Egypt's Financial Supervisory Authority (FSA), retained its membership in the International Organization of Securities Commissions (IOSCO) board.
A number of Egyptian economists stressed on Saturday that the Egyptian Exchange will benefit the most from the CBE's decision to cut interest rates.
Dollar inflows doubled during the first three months of FY 2017/18 to $24.9 billion.
Investors awaiting the nomination of the next Federal Reserve chair are hoping whoever is nominated pursues the same monetary policy that has supported rising stock prices for the past nine years.
American International Group Inc poses less of a threat to financial stability because it shrank its assets by more than $500 billion.
Appetite for Egypt’s domestic debt has increased since the central bank floated the pound currency.
Top U.S. markets regulator said hackers accessed its corporate disclosure database and may have illegally profited by trading on the insider information stolen.
SHUAA Capital had voluntarily suspended its brokerage operations in Egypt as the region recovered from the 2008 global recession which impacted trading volumes.
US authorities on Friday charged a British businessman with a checkered history with securities fraud for bilking investors.