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Financial Regulatory Authority makes life and disability ins. mandatory for all customer finance loans
Consumer finance players, already battling high interest rates and inflation, must now bake ins. premiums into their cost structure
TMG, EEP to set up Noor City university
PLUS: Madinet Masr’s Safe Real Estate Investment Fund received final approval to begin operations
Egyptian capital and engineering power new combined-cycle power plant in Hungary with Elsewedy Electric securing EUR 58 mn from CIB
Plus: Exxon Mobil and Qatar Energy exit North Marakia, FRA greenlights first futures brokers ahead of EGX launch
Raya Holding’s Aman exports Egyptian fintech expertise to Saudi with new JV
Plus: Masria Digital Payments is now Modupay
Sarwa Ins. becomes the first insurer to get the green light to issue and activate title ins. policies
Plus: cabinet expands subsidized loan program, China’s Guide Automotive Technology to establish EV factory, Aman Consumer Finance closes securitized bond…
GIG Egypt wants to launch the country’s first title ins. policy
The policy includes an option for unregistered properties, provided they have foundational proof like court rulings or allocation letters
GRANITE secures fintech license
PLUS- Kemet will establish a USD 500 mn solar cells and panels plant
Futures trading to land on the EGX in March
Good afternoon, friends, and welcome to the start of a fresh new workweek. Besides the biting cold, kicking the week…
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