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Houses passes tougher FGM penalties
People will face tougher penalties for committing female genital mutilation after the House yesterday approved amendments to the penal code…
The market on 22 April 2021
The EGX30 fell 0.4% at today’s close on turnover of EGP 923 mn (29.6% below the 90-day average). Foreign investors…
Banks can start issuing deposit-backed electronic currencies under new CBE regs
Commercial banks are now allowed to issue e-currencies under newregulations (pdf) announced by the central bank yesterday. One unit of…
Illegal migrants get a helping hand
Egyptian illegal migrant workers returning from abroad could soon have access to training and jobs back in Egypt as part…
CBE raises withdrawal + transfer limits from mobile wallets
SMART POLICY- Mobile wallet users can now borrow, withdraw, and transfer larger sums per day under new regulations (pdf) released…
Beltone on board to manage CBE margin trading support fund?
The Central Bank of Egypt (CBE) has reportedly tapped Beltone Financial to manage a new margin trading fund with a…
Mobile wallet users can now borrow + deposit under new regs
Mobile wallet users will soon be able to access loan and saving services in real time under new regulations (pdf)…
Investor Protection Fund expands coverage to forced delistings
The Investor Protection Fund (IPF) will expand its coverage to stock market losses if a listed company is ordered by…
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