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PM sets up board of trustees to oversee reformation of business environment
Prime Minister Moustafa Madbouly issued a decree to set up a board of trustees to handle the logistics for the…
FRA issues new guidelines for takaful insurers switching to conventional policies
Mutual guarantee “takaful” insurance providers looking to make a switch to offering conventional insurance plans will now have to comply…
FinMin issues amendments to Customs Act regulations
LEGISLATION WATCH- FinMin issues amendments to Customs Act regulations: The Finance Ministry has issued amendments to the executive regulations of…
Earnings watch: Egypt’s QNB Al Ahli reports EGP 2.2 bn in 2Q2019 profits
EARNINGS WATCH- QNB Al Ahli reported a net profit of EGP 2.2 bn in 2Q2019, up 18.4% y-o-y from EGP…
Cleopatra denies knowledge of Actis’ impending Creed Healthcare takeover
M&A WATCH- Cleopatra Hospitals Group (CHG) has said that it has no knowledge of an impending management takeover of the…
Short selling expected to be activated in 3Q2019
REGULATION WATCH- Expect short selling to begin in 3Q2019: Traders should begin short selling in 3Q2019, when the new system…
FRA relieves holding companies from shareholder structure rules
REGULATION WATCH- FRA grants holding companies exemption from some shareholder structure rules: The Financial Regulatory Authority (FRA) is exempting holding…
UAE authorities greenlight Uber-Careem merger, Egypt’s ECA yet to decide
UAE authorities greenlight Uber-Careem merger: Emirati Minister of Economy Sultan bin Saeed Al Mansouri has given “unconditional approval” to Uber’s…
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