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Kenya-based ZEP-RE to set up shop in Egypt within one year
Kenya-based ZEP-RE (PTA Reinsurance Company) is looking to set up a regional office in Egypt within one year, a source…
Global Lease to borrow USD 10 mn from EU-based funds to diversify sources
Global Lease is planning to borrow USD 10 mn from two unnamed European lenders this year to diversify its financing…
Earnings watch: EFG-Hermes and Al Ezz Dekheila Steel report 2018 results
EARNINGS WATCH- EFG Hermes is proposing an EGP 0.65 / share dividend for FY2018 pending approval of the financial service…
What we’re tracking on 19 March 2019
We are, to quote corporate Egypt, “cautiously optimistic” that the weeklong news drought is slowly coming to an end. Top…
AT Lease to launch new factoring and SMEs leasing operations before year-end
Al Tawfeek Leasing (AT Lease) will launch before year-end factoring and SME-targeted leasing operations, according to a press release (pdf).…
House agrees to gov’t-proposed amendments to FRA regs for non-banking services
The House of Representatives’ general assembly agreed yesterday to government-proposed amendments to the Financial Regulatory Authority (FRA)'s regulations of non-banking…
Egypt gets its first federation for securities
Egypt gets its first federation for securities: The Financial Regulatory Authority (FRA) has approved the bylaws establishing Egypt’s first federation…
Beltone pays Egypt’s FRA EGP 16 mn to lift investment banking suspension
Beltone suspension lifted after it pays EGP 16 mn settlement: Beltone Financial’s investment banking arm resumed operations yesterday after the…
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