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FRA approves EFG’s request to suspend bond trading arm
The Financial Regulatory Authority (FRA) has approved a request from EFG Hermes’ to suspend for one year one of its…
Egyptian Financial Regulatory Authority issues new regs allowing greater participation in investment funds
REGULATION WATCH- FRA issues new regs that sound like a chaperone agreement for investment funds: The Financial Regulatory Authority (FRA)…
Housing Ministry to prepare list of projects for sovereign wealth fund Tharaa
The Housing Ministry is preparing a list of projects it wants to work on with Egypt’s sovereign wealth fund, Tharaa,…
Sovereign wealth fund capital to quintuple to EGP 1 tn
Speaking of the sovereign wealth fund: Egypt’s SWF will see its initial capital rise fivefold to EGP 1 tn from…
National Bank of Egypt to divest stakes in 5-6 companies by end of 2019
PRIVATIZATION WATCH- NBE to divest in 5-6 companies by year end, create opening for private sector investors: The National Bank…
Rebranded Egyptians Abroad Co Odin obtains investment fund license from FRA
Odin Investments has obtained a license from the Financial Regulatory Authority (FRA) to set up and manage investment funds, the…
EFG receives EGP 450 mn subscription requests for “Mazid” fund
Our friends at EFG Hermes have received EGP 450 mn-worth of subscription applications for investment certificates issued by the “Mazid”…
EFG Hermes and CI Capital to manage Nasser Social Bank securities portfolio
Nasser Social Bank (NSB) has tapped EFG Hermes and CI Capital Asset Management to manage its securities portfolio, NSB Managing…
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