Financial Regulatory Authority

Number of Egyptian citizens investing in gold funds surges to 108,808 clients

Tue, 04 Jun 2024 - 11:24 GMT

The report highlights that the first Egyptian gold investment fund, known as the AZ-Gold fund and managed by Azimut Egypt Fund and Portfolio Management Company, was launched in May 2023.

FRA to build fintech companies for SME financing, digital services

Tue, 28 May 2024 - 02:22 GMT

Additionally, the committee approved the creation of V.Lens, a company specializing in electronic identification, verification, and authentication services.

FRA Chairman advocates for stability and flexibility in global financial markets at IMF meetings

Tue, 16 Apr 2024 - 04:25 GMT

To stimulate liquidity and trading on both government and corporate bond markets, Farid called for increased transparency and disclosure, along with simplified and streamlined issuance procedures

FRA approves 3 entities for reducing carbon emissions projects

Thu, 15 Feb 2024 - 01:33 GMT

These entities are the Center of Organic Agriculture in Egypt (COAE), TUV NORD Egypt Company, and the international entity TUV NORD Cert Company. The approvals are valid for a period of one year from the date of issuance

Consumer finance companies provides LE 43.32B for purchases in installments: FRA

Mon, 29 Jan 2024 - 12:31 GMT

By the end of November 2023, the number of consumer finance clients also witnessed a growth of 22.8 percent, to reach 3.128 million beneficiaries, compared to 2.546 million clients at the end of November 2022

FRA introduces capital requirements for FinTech startups in non-banking finance

Mon, 08 Jan 2024 - 03:29 GMT

The primary objective of this resolution is to ensure the financial stability of these companies and their ability to deliver efficient services

Financial derivatives market to launch within months: FRA deputy chairman

Thu, 21 Dec 2023 - 04:28 GMT

The financial derivatives market will enable investors to better manage the risks associated with various investment instruments, and promote further investing in stocks and securities

FRA amends resolutions to allow more entities to set up investment funds

Sun, 17 Dec 2023 - 05:55 GMT

The newly launched Resolution No. (223) of 2023 modifies Resolution No. (58) of 2018, which pertains to the regulations for licensing banks and specific non-banking financial companies to engage in investment fund activities

New FRA circular reinforces importance of customer data protection

Thu, 19 Oct 2023 - 10:55 GMT

Within the authority’s framework and efforts to enhance regulatory capabilities, and safeguard customer rights, FRA Chairman Mohamed Farid issued Circular No. 4 of 2023

FRA launches Egyptian actuarial tables for insurance sector advancement

Mon, 16 Oct 2023 - 08:59 GMT

The newly established tables will be mandatory for all life and capital formation insurance companies in Egypt.

Non-banking financing reaches LE200B in Q2 of 2023: FRA

Tue, 26 Sep 2023 - 04:51 GMT

The financial market came at the top of the list, as the value of stock issuances during the second quarter amounted to about LE 97 billion.

Financial Regulatory Authority mandates pricing regulations for insurance companies

Mon, 18 Sep 2023 - 05:11 GMT

This regulatory measure aligns with the FRA's broader goals of boosting market efficiency, protecting competitiveness, and promoting fairness in dealing and pricing.

Pachin starts the delisting procedures of its shares from EGX

Mon, 18 Sep 2023 - 03:37 GMT

The company has offered to repurchase shares from shareholders who object to this move at a price of LE 39.80 per share.

Financial Regulatory Authority reveals regulations for entry to new carbon market

Tue, 29 Aug 2023 - 12:37 GMT

During last year’s COP27 conference, Egypt revealed that it would launch Africa’s first voluntary carbon market, allowing companies in Egypt and Africa to trade certified carbon credits

Misr Life Insurance, NBE launch Egypt’s first USD pension plans

Mon, 14 Aug 2023 - 03:06 GMT

The minimum amount is $500 and the maximum is $10,000 per plan during the year.

Beltone Financial Holding receives approval for acquisition of Cash for Microfinance Company

Mon, 07 Aug 2023 - 02:47 GMT

The approval was granted in accordance with the decision of the FRA's Board of Directors No. 53 of 2018 and its amendments, as well as the decision of the specialized committee of the FRA dated August 6 of this year.

The FRA officially launches the first investment fund in gold

Mon, 15 May 2023 - 08:34 GMT

The FRA issued all regulatory and legislative decisions and controls to regulate the dealings of investment funds in minerals.

Exits MENA obtains FRA’s securities promotion and underwriting license

Wed, 03 May 2023 - 10:35 GMT

Exits MENA is now authorized to offer listing and public offering services to its clients on the Egyptian Stock Exchange (EGX) and the SME platform, Nile Stock Exchange (NILEX) under law no. 95 of 1992.

Egypt’s first gold investment fund in Egypt gets the FRA’s approval

Tue, 02 May 2023 - 01:40 GMT

FRA gave its approval to Evolve Azimut to launch the first gold investment fund in Egypt, it will be run by Azimut Egypt, while Catalyst Partners will be in charge of pricing the fund’s investment document.

FRA releases new regulations regarding investment funds dealing in minerals

Sun, 16 Apr 2023 - 04:05 GMT

FRA head, Mohamed Farid, has announced that the authority’s board of directors has issued two new decisions regarding investment funds dealing in minerals as one of the transferred financial values