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ASORC in talks with local, Gulf banks for USD 500 mn loan in financing for refinery
The Assiut Oil Refining Company (ASORC) is in talks with local and Gulf banks for a USD 500 mn loan…
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Egypt’s FRA says consumer credit draft in final stages
LEGISLATION WATCH- FRA says Consumer Credit Act is in its final stages: The Financial Regulatory Authority (FRA) is in the…
FRA approves request from Mubasher to suspend advisory branch
The Financial Regulatory Authority approved Mubasher International’s request to temporarily suspend activities at its financial advisory armfor a year, CEO…
Aman to issue EGP 250-300 mn securities, to establish securitization firm, considers financial leasing
Raya Holding subsidiary Aman is planning to issue EGP 250-300 mn-worth of asset-backed securities, pending Financial Regulatory Authority (FRA) approval…
China UnionPay to expand into Egypt as demand increases
ATM card company China UnionPay is planning to expand into Egypt, sources close to the matter said, according to Al…
Fintech among Egypt’s fastest-growing sectors as financial inclusion grows
It’s another quiet morning for Egypt in the international press. Human Rights Watch says US policymakers should not be “fooled”…
FRA to finalize consumer credit and insurance acts in 2019
LEGISLATION WATCH- FRA to finalize consumer credit and insurance acts in 2019: Also coming from the FRA, the authority plans…
Finance Ministry to select winning company to digitize tax authority mid-December
The Finance Ministry will reportedly select the winning company in its tender to digitize the Tax Authority by mid-December. Five…
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