FRA, FDA collaborate for Egypt’s non-banking financial in SDG

Wed, 10 Jul 2024 - 03:54 GMT

They recently signed a memorandum of understanding (MoU) that outlines their shared commitment to promote climate practices and sustainable financing in Egypt.

Non-banking financial sector reports significant growth in Q1 2024: FRA

Thu, 13 Jun 2024 - 10:56 GMT

In its report, the FRA explained that total loans for micro, small, and medium enterprises (MSMEs) in Egypt surged to LE 62.8 billion in March 2024 from LE 40.9 billion in March 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.

Asset management firms looking to use AI-powered advisors require min. LE 15M capital: FRA

Mon, 27 May 2024 - 12:50 GMT

“Robo-advisors for Investment” framework has been set by the Financial Regulatory Authority (FRA), regulating the new frontier for FinTech/asset management in Egypt

Egyptian gold investment funds witness about 103K investors

Wed, 17 Apr 2024 - 05:54 GMT

He emphasized the significant role these funds play in advancing the Egyptian government's efforts to promote financial inclusion.

Future contracts for carbon certificates to listed on EGX

Mon, 26 Feb 2024 - 11:09 GMT

Farid announced, during his speech at the annual summit of Capital Markets, Monday, the issuance of new rules for the listing and removal of carbon emissions reduction certificates in the coming days.

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 explores trading real estate as assets

Wed, 20 Dec 2023 - 08:48 GMT

He added that the authority has set rules focusing on buildings and administrative projects that generate income.

Proposal to facilitate foreign entity registration on EGX approved by FRA

Mon, 11 Dec 2023 - 04:15 GMT

The new procedures are aligned with the government’s strategy to bolster foreign investment in the stock market, update the data of foreign investment institutions already engaged in the EGX, and increase trading of financial instruments and securities.

FRA reviews progress of voluntary market for trading carbon certificates

Mon, 23 Oct 2023 - 04:14 GMT

The FRA chairman reviewed the implemented steps of far in preparation for the market’s launch. The meeting also delved into the recent developments related to the Egyptian Stock Exchange and the Tawsiyat Clearing Services Company

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 reports dynamic capital market as Egypt attracts investments

Tue, 17 Oct 2023 - 05:57 GMT

These approvals were divided into 190 approvals for share issuances (both for new and existing companies), with a total value of LE 27.5 billion during July 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.

Egypt re-elected to IOPS Executive Committee for 2024-2025

Wed, 11 Oct 2023 - 02:59 GMT

IOPS, founded in 2004, serves as an international forum for policy dialogue, information exchange, and the harmonization of international standards related to the regulation of private pension funds.

FRA reviews compulsory purchase offer submitted to Dice Sport & Casual Wear

Sun, 08 Oct 2023 - 02:17 GMT

The cash price is set at LE 0.65 per share in accordance with the provisions of the twelfth chapter of the Executive Regulations of Capital Market Law No. 95 of 1992.

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 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

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.