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EFG Hermes Brokerage receives first approval to launch Allocation Account Services in DFM
EFG Hermes Brokerage became the first to receive approval from the Dubai Financial Market (DFM) to provide allocation account services,…
LEGISLATION WATCH- Ride-Hailing Apps Bill faces final vote next week after clause on state access to data amended; 2018-19 budget is now with the House for debate.
LEGISLATION WATCH- House Transport Committee approves Ride-Hailing Apps Act, with amended user data stipulations: The House of Representatives’ Transport Committee…
Cabinet economic group discusses SME Act
LEGISLATION WATCH- Cabinet economic group discusses SME Act: The Ismail Cabinet’s economic group met yesterday to discuss a draft law…
FRA stakes claim total claim to insurance sector in amendments to the Insurance Act
LEGISLATION WATCH- FRA stakes total claim to insurance sector in amendments to the Insurance Act: Recently-drafted amendments to the Insurance…
Net FX reserves grow slightly to USD 42.6 bn
Net FX reserves grew slightly to USD 42.61 bn in March, up from USD 42.52 in February, the CBE announced…
Two state companies expected to IPO this year. -Farid
IPO WATCH- Two state-owned companies expected to IPO this year. EGX head Mohamed Farid reportedly said he expects two state-owned…
El Sisi wins second term in office with 97.08% of the vote
President Abdel Fattah El Sisi won a second term in office with 97.08% of the vote, according to the State…
CORRECTION- Trade deficit figures for 1H2017-18
CORRECTION- We made a couple of errors on our report on Egypt’s trade deficit figures for 1H2017-18: Merchandise exports increased…
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