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.

FRA increases the financing limit for micro-sized entities by 10%

Mon, 15 May 2023 - 04:24 GMT

The Financial Regulatory Authority (FRA) increased the maximum financing limit for micro-enterprises by 10 percent to LE 220,000 up from LE 200,000.

UAE's National Paints increases offer price to acquire “Pachin” to LE36/per share

Thu, 23 Mar 2023 - 02:18 GMT

It also decided to extend the validity period of the purchase offer to April 4 instead of April 3.

Egypt's FRA approves establishment of Malath Consumer Finance Company

Mon, 20 Mar 2023 - 02:45 GMT

This came after reviewing the law of joint stock companies, partnerships limited by shares, limited liability companies, and one-person companies promulgated by Law No. 159 of 1981 and its executive regulations, according to the FRA.

Egypt launches Financial Technology Solutions Support Center "CORBEH"

Sun, 19 Mar 2023 - 04:42 GMT

This is done under the auspices of the EGX and in partnership with the Financial Regulatory Authority, with the aim of incubating and sponsoring new projects and ideas in all areas of financial technology.

Egypt's FRA studies applying Basel 3 standards at financial sector companies

Thu, 09 Mar 2023 - 04:48 GMT

Mohamed Farid added, during a conference, Thursday, that the authority is also studying increasing the minimum limits for insurance companies’ capital.

Egypt announces temporary listing of 3 companies on EGX, studies files of another 4

Thu, 09 Mar 2023 - 04:30 GMT

The Egyptian Stock Exchange is studying files for the listing of 4 new companies, according to the announced data.

Egypt seeks to issue title deed insurance policy to motivate foreigners to buy real estate

Thu, 09 Mar 2023 - 04:15 GMT

Farid affirmed, during a press conference held, Thursday, that this document will help motivate non-Egyptians to buy Egyptian real estate, because it will be an insurance policy against the risks of not proving ownership.

Officials at FRA, CBE, EGX review latest developments in national economy

Mon, 20 Feb 2023 - 06:00 GMT

The meetings were held to cast a spotlight on the latest developments in the Egyptian economy.

FRA amends rules for listing securities on EGX prior to government offering program

Tue, 07 Feb 2023 - 01:00 GMT

The rules provide for organizing and shortening the time periods for a number of procedures necessary to complete the capital increases of companies whose securities are listed, while providing flexibility for companies to increase their capital in stages.

FRA okays issuance of Egypt’s first future flow securitisation

Sun, 06 Nov 2022 - 07:34 GMT

Issued by the Financial Group for Securitization, the program's first issue stood at LE 800 million, according to a bourse statement on Sunday.

Egypt's FRA approves establishment of fund to invest in Egyptian stocks .

Tue, 20 Sep 2022 - 05:43 GMT

It is an open investment fund, the documents of which are offered through public subscription, according to the announced data.