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FRA to soon issue guide to protect Egypt’s non-banking sector
The Financial Regulatory Authority (FRA) is in the process of issuing its first guide for protecting non-banking financial sector client…
BANKING + FINANCE
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BANKING + FINANCE
PHD to increase issued and authorized capital by EGP 1.5 bn and EGP 4bn
Palm Hills Development’s EGM agreed yesterday to increase issued capital by EGP 1.5 bn and authorized capital to EGP 10…
EFG Hermes eyes expansion across different platforms
EFG Hermes’ ValU, which offers payment-on-installment solutions via a mobile app, is hoping to expand its operations by signing on…
Oilex to sign EGP 2.4 bn loan with banking consortium
Oil extraction company Oilex is expected to sign within days a EGP 2.4 bn loan agreement from a banking consortium…
EKH looking for loan to help fund EGP 2.1 bn fiberboard factory
Egypt Kuwait Holding (EKH) is looking for a loan to partially fund the EGP 2.1 bn medium-density fiberboard (MDF) factory…
Banque Misr, Banque du Caire tap Moody’s to provide services for implementation of IFRS 9
Banque Misr and Banque du Caire have reached an agreement with Moody’s that will see the credit agency provide the…
FRA looks to expand scope of investor protection fund
The Financial Regulatory Authority’s (FRA) Capital Markets Committee is looking into a proposal to widen the scope of the Egyptian…
HDBK to launch mobile and internet banking services by year’s end
The Housing and Development Bank (HDBK) is planning to launch internet and mobile banking platforms by this year-end, Chairman Fathy…
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