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Global Finance gets factoring license from the FRA
Global Lease’s factoring arm Global Finance has been awarded its factoring license from the Financial Regulatory Authority (FRA) and plans…
Banking + Finance
Home / Banking + Finance
CBE signs MoU with Dubai financial regulator
The Central Bank of Egypt signed an MoU with the Dubai Financial Services Authority (DFSA) at the end of July…
Prime Holding moves ahead with establishing consumer financing arm
Prime Holding plans to establish a EGP 100 mn consumer finance subsidiary, Prime said in a bourse filing (pdf). The…
Egypt’s FRA grants Shuaa short selling license
The Financial Regulatory Authority (FRA) has granted Shuaa Securities a short selling license, Masrawy reported. The growing listof brokerages authorized…
Six Egyptian banks begin disbursing EGP 3.1 bn loan to Samcrete
Six local banks — the National Bank of Egypt, Banque Misr, Banque du Caire, SAIB Bank, Suez Canal Bank, and…
Prime Holding mulls establishing consumer finance arm
Prime Holding is conducting a study on the consumer finance sector ahead of potentially setting up a new company, CEO…
Elmobasher for car financing to issue up to EGP 500 mn of securitization bonds
Car financing firm Elmobasher is planning to issue between EGP 400-500 mn of securitization bonds to provide liquidity for expansions,…
Raya Foods secures EUR 5 mn loan from EBRD
Raya Foods received a EUR 5 mn loan from the European Bank for Reconstruction and Development (EBRD) to expand its…
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