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New stamp tax on securities will see the government collect up to 0.125% on every transaction
Lower stamp tax on EGX transactions is now in effect: Amendments to the Stamp Tax Act that lower the stamp…
Who’s got licenses for what?
CI Capital’s consumer finance arm Souhoola has been awarded a consumer finance license by the Financial Regulatory Authority, the company…
Concentration risk regs relaxed for Egypt’s mortgage lenders
REGULATION WATCH- Mortgage finance companies can now lend up to 15% of their capital base to an individual household, up…
GB Auto’s Drive gets FRA nod for consumer finance license
GB Auto’s car finance arm Drive has received preliminary approval from the Financial Regulatory Authority for a full consumer financing…
Three new accounting standards postponed until 2021
New accounting standards pushed to next year: The introduction ofthree EgyptianAccounting Standards (EAS) to bring parts of the EAS in…
Insurtech, crowdfunding startups and other fintech players could soon face new FRA regulations
LEGISLATION WATCH- Insurtech, crowdfunding startups and other fintech players could soon face new FRA regulations: The Financial Regulatory Authority (FRA)…
OIH eyeing investment partnership with the Sovereign Fund of Egypt
OIH eyes investment partnership with the Sovereign Fund of Egypt: Orascom Investment Holding — post-horizontal demerger — is considering making…
FRA rejects Sameem Capital request to disband Prime Holding’s board
The Financial Regulatory Authority (FRA) has rejected requests by shareholders to disband Prime Holding’s board of directors, according to a…
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