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Egypt’s new Consumer Credit Act to receive final vote soon
LEGISLATION WATCH- Consumer Credit Act cleared for final vote; House working through a busy legislative agenda: The House of Representatives…
Raya Holding to establish three subsidiaries in 1H2020
Raya Holding is joining the rush into non-bank financial services and aims to set up three subsidiaries in 1H2020, including…
AT Lease obtains factoring license
AT Lease has received a final license to provide factoring services for SMEs, according to abourse disclosure (pdf). Tarek Fahmy…
Consumer Credit Act talks to be finalized in next two weeks, FRA says
LEGISLATION WATCH- The Consumer Credit Act will be introduced to the House of Representatives within the coming two weeks, Chairman…
Four Egyptian companies prepare to offer EGP 5 bn sukuk listings
DEBT WATCH- Four Egyptian companies are gearing up to issue EGP 5 bn in sukuk on the EGX, Al Shorouk…
FRA sets up committee of NBFs to participate in CBE’s initiative to rehabilitate financially troubled clients
FRA to bring NBFS firms on board with CBE corporate debt forgiveness initiative: The Financial Regulatory Authority (FRA) is forming…
Ebtikar submits proposal to set up two consumer financing companies
Ebtikar wants to set up two consumer financing companies: B Investments’ Ebtikar has submitted documents to the General Authority for…
FRA approves Beltone’s new financial leasing, mortgage finance arms
The Financial Regulatory Authority has approved Beltone Financial’s plans to establish financial leasing and mortgage finance subsidiaries, Beltone’s Director of…
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