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Gov’t resumes receiving requests to set up int’l schools in Egypt
The Education Ministry has decided to resume receiving requests to set up international schools, or international divisions within private schools,…
Uber-Careem takeover could lose USD 470 mn, Egypt watchdog a major concern
Uber will pay 15% less for Careem if the two fail to get regulatory approval in jurisdictions including Egypt. Uber…
Financial Regulatory Authority issues regulations for sukuks in Egypt
REGULATION WATCH- The Financial Regulatory Authority (FRA) issued regulations governing the issuance and listing of sukuks, the market regulator said…
FRA issues regulations for brokerages wanting to deal in futures
REGULATION WATCH- The Financial Regulatory Authority has issued regulations for brokerages wanting to deal in futures, Al Mal reported. The…
Egypt accepts previously rejected French wheat, purchases 240k tonnes in int’l tender
What is it, 2016 again? A 63k tonne shipment of French wheat that authorities rejected last week for ergot contamination…
Egypt’s FRA requires companies to extend GA invitations 21 days in advance
Publicly-traded companies’ boards of directors will need to provide no less than 21-days notice when inviting shareholders to general assembly…
Egypt’s new Consumer Credit Act with House “in days”
LEGISLATION WATCH- Consumer Credit Act heading to House “in days”: The proposed Consumer Credit Act, which will govern retail financing…
Egypt’s FRA signs off on new IPO regulations that could compel share buybacks
REGULATION WATCH- New IPO regulations from FRA compel share buybacks of stocks that underperform in their EGX debuts: The lead…
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