The authority has also excluded Safwat Abdel Moneim for not meeting the conditions required for running the election, as it was revealed that he currently works as a branch head of Mubasher Trade since May 2017. Mubasher is a shareholding company of MCDR.
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MFF’s share of total mortgage financing reached at EGP 136.1m in 3Q of 2019, says FRA
Ayman Hussein, Sub Governor of CBE for Payment Systems and Information Technology, said “Financial technology and its applications contribute to financial inclusion,” adding that there is a fruitful cooperation between the CBE and the Ministry of Communications, where technology has become an important role in the banking sector.
Stakes in four companies to be offered on EGX before 31 March 2020, including Banque du Caire
Centre aims to raise awareness of sustainable development and promote a green economy culture within financial sector: Omran
This will reduce trading service fees to 0.005% from 0.00625%, clearing and settlement fees to 0.0100% from 0.0125% and stock market commissions to 0.0100% from 0.0120%.
The committee also recommended reducing the expenses of the Investor Protection Fund by 50% to 0.00005%, down from 0.0001%, and cut fees on trading on stocks listed on the EGX by 50%.
“Divorced woman to be paid insurance benefits immediately after divorce,” says deputy chairperson of FRA
The approval comes pursuant to the decision of the FRA No 268 of 2019 issued in February to regulate the practice of borrowing securities for the purpose of selling.
Funding increased by EGP 4.04bn in a year, clients up 14.1%
Broker Care obtained the operating license from the FRA on 7 July, appointing Abu Hagar as chairperson.
Egyptian market moving toward competing with its counterparts in world’s money markets: Shoukry
The company demanded a compensation of EGP 20m for damages suffered as a result of the defamation of the company’s reputation within the stock market.
Omran added, in a Sunday statement, that the proposed amendments aim to make the Central Depository and Registry Law comprehensive, regulating the clearing and settlement operations, whether in the current or future exchanges
The report pointed out the acquisition by investors according to monthly income segments (up to EGP 2,500) of 58% of the value of mortgage finance during Q1, while the share of those with monthly income (more than EGP 3,500) was about 22%.
FRA determines six phases to implement plan
Proposed amendments include offering shares for borrowing through MCDR
Conference of HC Securities demands cooperation with banks to facilitate real estate funding
Financial Markets Adviser and former Chairperson of the FRA, Sherif Samy, said that every country in the world is keen to protect its consumers and to control markets through drafted laws, including activities of services and trade sectors. But for consumer financing activities, countries are different in dealing with them, as Samy clarified to Daily …
Activities worth EGP 70bn to experience first legislative framework ever
FRA chairperson praised vital role played by stakeholders operating in micro finance
Value of investments in private insurance funds reaches EGP 70 bn during last year
FRA’s has several projects, such as insurance on students, in addition to insuring governmental buildings
Only companies licensed by FRA, with capital of EGP 10m or more can operate
Company’s assets increase by 19% for last 3 years, after distributing $10m of dividends in 2017
Experts from Bloomberg, Blockchain, National Organisation of Investment Professionals, others will deliver training
Federation to launch awareness camping about insurance in September, says Al-Zoheiry
The Egyptian Financial Regulatory Authority (FRA) has officially launched the electronic registry of movable assets that enables micro, small, and medium entrepreneurs to obtain additional financing for their projects by leveraging equipment and machines they own or what they intend to buy. Mohamed Omran, FRA chairperson, said at a press conference that Egypt was the …
The Financial Regulatory Authority (FRA) approved the 7th issuance of securitisation bonds by the Egyptian Securitisation Company for the amount of about EGP 1.1bn. These bonds are considered one the biggest bond issuances in the Egyptian market. Moreover, the bonds are backed by the portfolio of Corporate Leasing Company Egypt S.A.E. (CorpLease). Furthermore, Commercial International …
Rapid approvals implementation of Investment Law, says Osool branch manager