IPO WATCH- MSA University mulling IPO: October University for Modern Sciences and Art (MSA) is considering listing its shares on the EGX to finance its expansion plans to set up a new campus in New Alamein, according to Al Mal. MSA has already submitted a request to the Madbouly Cabinet to allocate a land plot […]
Author Archives: enterpriseam admin
EGX issues regulations for market makers in Egypt
REGULATION WATCH- The EGX issued on Sunday the regulations allowing brokerage firms to act as market makers, allowing them to both buy and sell securities from their own inventory at prices they have a measure of control over, according to a statement (pdf). The tool is one of several financial instruments and trading options that […]
Egypt sets rules for leasing and factoring companies to appeal FRA decisions
REGULATION WATCH- Madbouly sets framework for leasing and factoring companies to appeal FRA decisions: Prime Minister Moustafa Madbouly issued on Saturday a decree outlining the avenues for leasing and factoring players to appeal administrative decisions from the Financial Regulatory Authority (FRA) in accordance with the Leasing and Factoring Act. Under the decision, companies will have […]
CBE looks to make Takaful and Karama payouts available through Meeza
CBE looks to make Takaful and Karama payouts available through Meeza: The central bank is currently in talks with state-run electronic payments company E-Finance on making cash handouts under the Takaful and Karama social welfare programs available through the “Meeza” national debit cards,a source told Masrawy. Beneficiaries currently have specific cards for the Takaful and […]
Marina Wes appointed Country Director for Egypt, Yemen and Djibouti
MOVES- Egypt gets new World Bank country director: The World Bank has appointed Marina Wes as Country Director for Egypt, Yemen and Djibouti,according to a WB statement. The Dutch national — who joined the WB in 2000 — was formerly country director for the West Bank and Gaza and, separately, for Poland. She also held […]
MetLife taps its US and EMEA business president Khalaf as CEO
MOVES- Global life insurer, New York-based MetLife has tapped its US and EMEA business chief Michel Khalaf (bio) as CEO, according to Reuters. The veteran top executive will step in on 1 May, and succeeds Steven Kandarian — who held the position for the past eight years. Khalaf joined MetLife in 2010 as an executive […]
Vodafone Egypt appoints two of its directors heads of sales
MOVES- Vodafone Egypt has appointed Karim Shehata (LinkedIn) as head of the corporate division and Mohamed Abdullah (bio) as head of the commercial division, according to an emailed statement. The two will assume their new positions this April. Abdullah joined Vodafone in 1998 upon his graduation with a BA in commerce. Shehata joined more recently, […]
Egypt to host AFCON 2019, Mo Salah named top Africa player
Egypt to host AFCON 2019, Mo Salah named top Africa player: Egypt was selected to host the 2019 African Cup of Nations (AFCON) for the second time this summer, after receiving 16 out of 17 votes, the Confederation of African Football (CAF) announced yesterday. The competition will be held from 15 June to 13 July […]
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