FRA criminalizes publishing recommendations regarding listed shares on social media

Sun, 05 Dec 2021 - 05:24 GMT

The legislative proposal comes with the aim of deterring people who issue and publish misleading recommendations and advice to manipulate small investors.

Egypt's FRA approves amendment of regulation of capital market law regarding bonds, sukuk

Tue, 30 Nov 2021 - 01:24 GMT

The FRA also approved the inclusion of 4 new financing tools in the capital market, including Social Bonds, Sustainable Development Bonds, Environmental Social and Governance Bonds, Gender equality and women's empowerment bonds.

FRA issues rules governing SPACs in Egypt

Sun, 21 Nov 2021 - 05:50 GMT

The two decisions include an amendment to the rules for listing and delisting securities on the Egyptian Stock Exchange after the approval of the authority’s board of directors at its meeting, and its briefing on the best international practices for this type of company and its study in the United States of America, Britain, Singapore, Sweden, and Malaysia and Hong Kong.

FRA issues 6 recommendations to revitalize Egyptian Stock Exchange

Wed, 17 Nov 2021 - 04:52 GMT

The Financial Regulatory Authority (FRA) held a meeting to discuss ways to enhance the trading environment and controlling transactions in the Egyptian Stock Exchange.

Egypt's FRA reduces fees for trading operations in EGX by 20%

Wed, 17 Nov 2021 - 02:10 GMT

The current payable fee on trading operations is 10 percent.

FRA approves increasing shares offered by e-finance to 26.1%

Mon, 11 Oct 2021 - 03:32 GMT

E-Finance has asked the FRA to increase the total sale of shares due to increased demand.

FRA: Egyptian expat insurance program effective as of January 2022

Sun, 10 Oct 2021 - 04:16 GMT

The program provides insurance against accidents that might involve Egyptians working abroad, said acting chairman of the FRA Mohamed Omran during a conference on expat remittances that kicked off here earlier Sunday.

Egypt's FRA sets controls for deposit, registration of gov't securities

Mon, 04 Oct 2021 - 01:00 GMT

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.

FRA approves “ABC” offer to buy “Bloom Egypt” by LE 6.7B

Sun, 18 Jul 2021 - 04:20 GMT

The amount offered by ABC for the acquisition is estimated at LE 6.7 billion ($427 million).

FRA approves issuance of first companies' green bonds at $100M

Wed, 30 Jun 2021 - 06:48 GMT

In a statement on Wednesday, the authority said the proceeds of the green bonds will be used in funding environmental projects, including clean energy ventures.

FRA approves establishing first direct investment company in Egyptian market

Wed, 09 Jun 2021 - 05:05 GMT

A well-placed source at FRA said the approval came in line with the capital market law no 95 of 1992 and its executive statute.

Microfinance balances in Egypt increase to LE 20.9B in Q1 of 2021

Mon, 24 May 2021 - 12:15 GMT

FRA noted that despite the growth in the value of the portfolio, the number of beneficiaries decreased to 3.19 million beneficiaries at the end of the first quarter of 2021, compared to 3.2 million beneficiaries at the end of the first quarter of 2020, with a decrease of 0.36 percent.

Egypt’s FRA Chairman elected as committee head at IOSCO

Mon, 24 May 2021 - 11:38 GMT

By assuming this new position, Egypt becomes Vice Chairman of the IOSCO for the first time in the history of the Egyptian capital market since its inception, which is more than 130 years old, according to a statement issued, Monday.

Digitalization spearheads Egypt's Financial inclusion drive

Thu, 06 May 2021 - 02:17 GMT

The CRR provides in-depth analysis of Egypt’s response to the pandemic in an easy-to-navigate and accessible format, focusing on key data and infographics relating to its socio-economic landscape.

Egypt's Regional Center for Finance signs Nairobi Declaration for Sustainable Insurance

Tue, 04 May 2021 - 02:24 GMT

This came during its virtual participation in the activities of the Fourth African Conference, which was held under the auspices of the PSI (Principals of Sustainable Insurance) initiative of the United Nations Environment Program (UNEP) at the end of last month.

FRA publishes decision to amend Articles of Association of Investor Protection Fund

Tue, 13 Apr 2021 - 02:52 GMT

It amends the articles of association of the Investor Protection Fund from Non-Commercial Risks to expand the insurance umbrella covered by the Fund to include the risks resulting from the activities of companies whose papers are registered or financial instruments in the Egyptian Stock Exchange.

Egypt's FRA allows investment fund companies to finance purchases of securities on margin

Sun, 04 Apr 2021 - 01:18 GMT

This is aimed at maximizing the efficiency of the capital market and achieving transparency in the mechanisms of dealing with activities specialized in securities, following the approval of the Authority’s Board of Directors in its remote meeting.

FRA agrees with CBE to establish fund to support liquidity at EGX

Wed, 24 Mar 2021 - 11:49 GMT

The fund also aims at the entry of new investors, in addition to increasing the solvency and financial capacity of current investors.

Egypt's FRA founds regional center for sustainable finance

Mon, 15 Mar 2021 - 02:51 GMT

Omran clarified that the new center will focus on strengthening the Egyptian economy’s existence on the global green economy map as the Middle East and Africa (MEA) region’s first sustainable finance center.

FRA allows factoring companies to finance purchase of securities on margin

Tue, 02 Mar 2021 - 03:59 GMT

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.