{"id":558356,"date":"2021-08-05T04:31:35","date_gmt":"2021-08-05T04:31:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/05\/new-state-registry-for-financial-intermediaries\/"},"modified":"2021-08-05T04:31:35","modified_gmt":"2021-08-05T04:31:35","slug":"new-state-registry-for-financial-intermediaries","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/05\/new-state-registry-for-financial-intermediaries\/","title":{"rendered":"New state registry for financial intermediaries"},"content":{"rendered":"<p><strong>Some things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>All <strong>financial intermediaries<\/strong>, including brokers, financial advisors, underwriters and the like, acting as <strong>go-betweens between SMEs and lenders will need to sign on to a state registry<\/strong> under <a href=\"https:\/\/ent.news\/2021\/8\/FRA.docx.pdf\">a bill (pdf)<\/a> approved by the Financial Regulatory Authority (FRA) yesterday.<\/li>\n<li>3k citizens so far have <a href=\"https:\/\/bit.ly\/3CcQYHb\">received<\/a> new <strong>natgas-run cars <\/strong>to replace their old ones, with 1.7k additional cars to be delivered in August.<\/li>\n<li><strong>Raya\u2019s Aman Holding <\/strong>and <strong>cashback app Lucky <\/strong>have signed a cooperation agreement to provide <strong>installment services<\/strong> over six to 24 months to Lucky\u2019s 5 mn users, according to an emailed <a href=\"https:\/\/ent.news\/2021\/8\/Lucky-Aman-For-Financial-Service-English-Final-1-converted.pdf\">statement (pdf)<\/a><sup><\/sup>. <\/li>\n<li><strong>Vodafone Egypt<\/strong> has <a href=\"https:\/\/ent.news\/2021\/8\/Microsoft-Vodafone-Begin-MOU_-3-August-2021-FINAL-ENG.docx.pdf\">signed<\/a><a href=\"https:\/\/ent.news\/2021\/8\/Microsoft-Vodafone-Begin-MOU_-3-August-2021-FINAL-ENG.docx.pdf\">(pdf)<\/a><sup><\/sup> an MoU with <strong>Microsoft <\/strong>to <strong>connect <\/strong><strong>entrepreneurs, startups and freelancers with SMEs through its digital platform, <\/strong><strong><a href=\"https:\/\/vodafonebegin.com\/\">Begin<\/a><\/strong>, in efforts to develop young people\u2019s digital skills and employability.<\/li>\n<li><strong>Japan <\/strong>will increase its grant to<strong> Abu Al Reesh Hospital<\/strong> to <a href=\"https:\/\/bit.ly\/3rTt2DV\">USD 19 mn<\/a>, which will be put towards building outpatient clinics. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Some things we\u2019re keeping an eye on this morning: All financial intermediaries, including brokers, financial advisors, underwriters and the like, acting as go-betweens between SMEs and lenders will need to sign on to a state registry under a bill (pdf) approved by the Financial Regulatory Authority (FRA) yesterday. 3k citizens so far have received new [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,616,155,72,203,462,91,142],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-558356","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aman-financial-services","tag-digitization","tag-enterpriseam","tag-entrepreneurship","tag-microsoft","tag-oil-and-gas","tag-vodafone-egypt","wpautop","entry"],"acf":{"mongo_id":"b4b44cef-06c6-4209-a06c-a4c90e9363e5","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[558336],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The as-yet unnamed joint venture \u2014 which was announced earlier this\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563276,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/24\/aman-wants-to-borrow-egp-250-mn-for-micro-lending\/","url_meta":{"origin":558356,"position":1},"title":"Aman wants to borrow EGP 250 mn for micro lending","author":"enterpriseam admin","date":"24 June 2021","format":false,"excerpt":"Raya subsidiary Aman Holding is in talks with a syndicate of the Arab African International Bank (AAIB) and the Arab Bank for a EGP 250 mn credit facility to on-lend to micro projects, Hapi Journal reports.Non-bank lenders have been barred from accepting blank-checks or IoUs that don\u2019t specify exact amounts\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546239,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/09\/sodic-to-open-new-civil-registry-office-fra-extends-working-hours\/","url_meta":{"origin":558356,"position":2},"title":"SODIC to open new civil registry office + FRA extends working hours","author":"enterpriseam admin","date":"9 May 2022","format":false,"excerpt":"Other things we\u2019re keeping an eye on this morning: SODIC will open a new civil registry office in The Strip mall at SODIC West by the end of June. (Statement, pdf)Alfa Ceramics is adding a new production line at a cost of EGP 135 mn, company head Wageeh Besda was\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":582921,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/15\/aman-wants-to-launch-in-saudi-arabia-within-3-months-plus-money-gb-auto-daras-ice-cream-finmin-appoints-sukuk-company-board\/","url_meta":{"origin":558356,"position":3},"title":"Aman wants to launch in Saudi Arabia within 3 months. PLUS: Money GB Auto + Dara\u2019s Ice Cream, FinMin appoints sukuk company board","author":"enterpriseam admin","date":"15 March 2023","format":false,"excerpt":"Aman is working with a mystery Saudi partner to launch in the kingdom","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/Aman-Holding-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":582815,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/27\/ibnsina-to-invest-egp-200-this-year-plus-kima-e-finance-aman-luberef\/","url_meta":{"origin":558356,"position":4},"title":"Ibnsina to invest EGP 200 this year. Plus: Kima, e-finance, Aman, Luberef","author":"enterpriseam admin","date":"27 February 2023","format":false,"excerpt":"INVESTMENT-Ibnsina Pharma to invest up to EGP 200 mn in 2023: EGX-listed pharma player Ibnsina Pharma plans to invest as much as EGP 200 mn to add warehouses and strengthen its meds distribution network this year, IR director Mohamed Shawkytold Enterprise. The company could separately deploy more funds to its\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/wp-content\/uploads\/2023\/02\/Ibnsina-Pharma-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578922,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/18\/vodacom-snaps-up-another-0-02-of-vodafone-egypt\/","url_meta":{"origin":558356,"position":5},"title":"Vodacom snaps up another 0.02% of Vodafone Egypt","author":"enterpriseam admin","date":"18 January 2023","format":false,"excerpt":"CAPITAL MARKETS- Minority shareholders loath to part with Vodafone Egypt stakes: Vodacom is acquiring an additional 0.02% (49.5k shares) of Vodafone Egypt from minority shareholders for EUR 17.92 a piece after the subscription period on its offer closed yesterday, according to a bourse statement. 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