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FRA grants Prime Holdings brokerage arm short-selling license
The Financial Regulatory Authority (FRA) approved granting Prime Holdings a short-seller’s license, local press reported on Thursday. Prime’s brokerage arm…
Banking + Finance
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Blom Egypt Securities applies for short selling license
Blom Egypt Securities has applied for a short selling license from the Financial Regulatory Authority (FRA), Managing Director Mohamed Fathalla…
Edita finalizes USD 20 mn loan agreement from IFC
Edita finalized yesterday a USD 20 mn loan agreement from the International Finance Corporation (IFC), according to an emailed statement…
Central Bank of Egypt approves capital increase request by BdC’s Cairo International Bank in Kampala
The central bank has approved a request by Banque du Caire (BdC) majority-owned Cairo International Bank in Kampala to raise…
Egypt Post launches new electronic services
Egypt Post has launched a package of new electronic services, including EasyPay, a card to make transactions and online purchases…
Banque Misr to launch e-wallet with Telecom Egypt
Telecom Egypt (TE) has signed an agreement with Banque Misr to launch an e-wallet enabling clients to transfer and receive…
Raya’s microfinance arm Aman to start collecting installments online
Raya Holding’s microfinance subsidiary Aman will start accepting installments from its clients online after obtaining Financial Regulatory Authority approval, CEO…
Egypt to launch electronic database for vehicles bought through loans
The CBE signed last month a cooperation agreement with the Interior Ministry and the Egyptian Credit Bureau (I Score) to…
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