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Sawiris and co’s EGP 1 bn NBFS firm begins operations
MLF — the NBFS firm set up by Samih Sawiris and others — begins operations: MLF, a EGP 1 bn…
Public Contracts Act amendments get nod from Egypt’s cabinet
CABINET WATCH- Public Contracts Act amendments get nod from cabinet: The Madbouly cabinet has signed off on changes to the…
Egypt’s Raya Holding sets up parent company for NBFS businesses
Raya Holding has set up a new parent company for its three non-banking financial service businesses, the company said in…
Egypt’s NUCA securitization program to get underway:
DEBT WATCH- NUCA’s securitization program to get underway: A consortium made up of CIB and the National Bank of Egypt…
EFG, GB NBFS arms team up to acquire majority stake in Tokio Marine Egypt Family Takaful
M&A WATCH- EFG Hermes, GB Auto jointly acquire majority stake in Tokio Marine Egypt: A consortium of EFG Hermes and…
FRA could lower admission fees for new Federation for Securities
The Financial Regulatory Authority (FRA) is mulling reducing the EGP 25k admission fee for the newly-launched Federation for Securities to…
Egypt’s market regulator looking to introduce solvency standards for NBFS
REGULATION WATCH- Market regulator looking to introduce solvency standards for NBFS: The Financial Regulatory Authority (FRA) is planning to introduce…
Ebtikar to invest EGP 35 mn in non-banking financing, e-payment apps in Egypt
Ebtikar to invest EGP 35 mn in non-bank financing, e-payment apps: B Investments’ Ebtikar for Financial Investment has earmarked EGP…
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