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Beltone pays Egypt’s FRA EGP 16 mn to lift investment banking suspension
Beltone suspension lifted after it pays EGP 16 mn settlement: Beltone Financial’s investment banking arm resumed operations yesterday after the…
Regulation
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Egypt’s oil ministry is talking up Red Sea natgas prospects ahead of new contract terms, E&P bid round
The oil ministry is talking up Red Sea natgas prospects ahead of new contract terms, E&P bid round: Data from…
Egypt’s FRA rejects Veon appeal against GTH capital increase voting rights
The FRA has rejected an appeal against its decision to suspend Global Telecom Holding’s (GTH) majority shareholder Veon Holding from…
FinMin completes draft law on Egypt’s new tax procedures, electronic filing system
LEGISLATION WATCH- FinMin completes draft law on new tax procedures, electronic tax filing: The Finance Ministry has finished drafting proposed…
Egypt’s GAFI requires companies to digitally submit registries and registration files
The General Authority for Investment (GAFI) has made it mandatory for private businesses to build digital versions of their registries…
FRA sets a minimum quota for SME leasing and insurance
Microinsurance and financial leasing firms will be required to create designated accounts of a minimum EGP 10 mn to support…
GAFI aims to amend fees for freezone industries
REGULATION WATCH- Could taxes on freezone products be going away? The General Authority for Investment (GAFI) could look at giving…
Cabinet nods to law granting Egypt’s FRA operational autonomy
CABINET WATCH- Cabinet gives nod to autonomy for the Financial Regulatory Authority: The Madbouly Cabinet approved yesterday a draft act…
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