Egypt studies structure of Futures Exchange, Settlement companies

Tue, 25 Aug 2020 - 02:24 GMT

The working group includes representatives from each of the Central Bank, the Egyptian Stock Exchange, the Egypt Central Clearing, Depository and Registry Company, the Federation of Egyptian Banks, the Egyptian Insurance Union, a representative of investment banks and the European Bank for Reconstruction and Development (EBRD).

FRA agrees to add new products to consumer financing system

Tue, 07 Jul 2020 - 10:18 GMT

This should make life easier for consumers who want to secure their needs of the new products, said FRA chairman Mohamed Omran in a statement Tuesday.

FRA chairman says nano finance encourages new economic activities

Sun, 28 Jun 2020 - 04:18 GMT

Nano finance is thus one way of supporting certain segments of society, such as women and youth, to become a productive social power, Omran said in a statement Sunday.

FRA targets revenues of LE 400M in 2020/21

Wed, 17 Jun 2020 - 04:39 GMT

FRA included the amounts invested in treasury bills and government bonds within its budget under the income item, which resulted in the volume of its budget for the fiscal year 2021/2020 to reach a total amount of LE 1.054 billion.

FRA conducts stress test of non-banking financial sector over COVID-19 crisis

Thu, 21 May 2020 - 12:55 GMT

The stress test is an analysis or simulation designed to determine the ability of a given financial instrument or financial institution to deal with an economic crisis.

FRA reduces services charges on trading operations

Sun, 10 May 2020 - 01:30 GMT

Chairman of the authority Mohamed Omran said services charges on trading in listed bonds will be reduced to be 5 per 100,000 with a maximum limit of 250 pounds.

FRA approves Cairo 3A mandatory offer to acquire Egyptian Starch and Glucose

Sun, 26 Apr 2020 - 11:39 GMT

Cairo 3A’s MTO includes the purchase of up to 50.077 million shares, which represents 100 percent of the shares of the Egyptian starch and glucose capital, at a price of LE 8.61 per share.

EFG Hermes issues LE 2B- bonds for Talaat Mostafa’s subsidiary

Wed, 08 Apr 2020 - 04:19 GMT

The issuance is made through a deal of Ijara Sukuk that is compatible with the provisions of Islamic Sharia; it is a negotiable and expedited payment and is not transferable into shares with a maturity of 5 years.

FRA defers payment of 50% of microcredit installments

Sun, 29 Mar 2020 - 10:33 GMT

No additional fees or fines will be imposed by the FRA over the delay of payments, Omran added.

FRA welcomes issuing consumer financing law

Sat, 21 Mar 2020 - 02:51 GMT

The Financial Regulatory Authority (FRA) welcomed Saturday President Abdel Fattah El Sisi’s decision to issue consumer financing law.

FRA: Stock trading to be done via e-mail, SMS to curb coronavirus spread

Wed, 18 Mar 2020 - 02:14 GMT

Omran said that this precautionary measure is taken in line with the state measures to curb the spread of coronavirus.

FRA takes measures to confront coronavirus

Mon, 16 Mar 2020 - 11:05 GMT

The FRA chairman asked listed companies on the Egyptian Exchange and companies operating in the non-banking financial activities to adhere to the remote voting of shareholders.

FRA offers online non-banking services on back on coronavirus scare

Sun, 15 Mar 2020 - 11:35 GMT

Those who have complaints can send them to the authority via email "", he said.

FRA calls on companies to adhere to Egypt's anti-Coronavirus measures

Sat, 14 Mar 2020 - 02:38 GMT

Chairman of FRA Mohamed Omran asked listed companies on the Egyptian Exchange and companies operating in the field of non-banking financial activities, to adhere to preparing a system for remote voting by shareholders.

FRA allows companies to purchase treasury shares on same day of notification

Sun, 01 Mar 2020 - 01:18 GMT

FRA agreed to amend some provisions of Article 51 of the rules for listing and writing off securities on the stock exchange for dealing in treasury shares.

EGX cancels minimum quantities of ETF Market Makers

Thu, 13 Feb 2020 - 03:05 GMT

This proposal was adopted by the Egyptian Financial Regulatory Authority (FRA).

FRA: Egyptian economy reaping fruits of reforms despite regional, int'l challenges

Tue, 28 Jan 2020 - 02:23 GMT

Omran said the value of securities issued at primary market stood at over LE 220 billion.

FRA approves LE 2B short-term bond issuance

Tue, 17 Dec 2019 - 06:10 GMT

This comes as the first application of Resolution No. 172 for 2018 which put a regulatory framework for the rules for issuance of short-term debt instruments.

FRA seeks playing bigger role in non-banking financial activities: Omran

Tue, 10 Dec 2019 - 11:44 GMT

He expressed satisfaction over the development in non-banking activities, noting the noticeable rise in the value of issued securities to exceed LE 1 trillion.

FRA seeks to issue green bonds in 2020

Wed, 20 Nov 2019 - 03:44 GMT

Omran added that the authority offers a 50-percent discount on examining and studying green bond issuance to encourage organizations and investors to invest in it.