{"id":619248,"date":"2024-04-29T00:00:00","date_gmt":"2024-04-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/29\/efg-hermes-one-to-launch-a-digital-onboarding-process-plus-gregy-tenders-go-live-qatari-developer-eyes-sixth-of-october-project\/"},"modified":"2024-04-29T00:00:00","modified_gmt":"2024-04-29T00:00:00","slug":"efg-hermes-one-to-launch-a-digital-onboarding-process-plus-gregy-tenders-go-live-qatari-developer-eyes-sixth-of-october-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/29\/efg-hermes-one-to-launch-a-digital-onboarding-process-plus-gregy-tenders-go-live-qatari-developer-eyes-sixth-of-october-project\/","title":{"rendered":"EFG Hermes ONE to launch a digital onboarding process. PLUS: GREGY tenders go live, Qatari developer eyes Sixth of October project"},"content":{"rendered":"<p class=\"tag-border-left\">FINTECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EFG Hermes ONE to launch a digital onboarding process:<\/strong> EFG Hermes\u2019 online trading platform EFG Hermes One has become the first in Egypt to get the thumbs up from the Financial Regulatory Authority to kickstart a new feature that will let investment portfolios of up to EGP 5 mn register for accounts digitally to trade on the EGX, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/4\/2003.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cThis move aims to increase the involvement of retail investors in capital markets, catering to clients of all income levels. By offering state-of-the-art solutions, we enable both new and experienced investors to open accounts and participate in transactions easily,\u201d said EFG Hermes Global Head of Brokerage Ahmed Waly.<\/p>\n<p class=\"tag-border-left\">INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GREGY tenders are live:<\/strong> Greek renewables player <a target=\"_blank\" href=\"https:\/\/elicagroup.gr\/en\/\" style=\"\" rel=\"noopener\">Elica Group<\/a> \u2014 the firm developing the Egypt-Greece electricity linkup dubbed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6b4cdf86-bd8c-496a-bb9f-a0a96ced5721\/egypt,-greece-explore-ways-to-fund-the%253cmark%253e-gregy-%253c%2Fmark%253einterconnector\" style=\"\" rel=\"noopener\">GREGY<\/a> \u2014 has launched two tenders for the energy linkup project, the group said in two press releases (<a target=\"_blank\" href=\"https:\/\/elicagroup.gr\/en\/invitation-to-tender-no1041_02\/\" style=\"\" rel=\"noopener\">here<\/a>, <a target=\"_blank\" href=\"https:\/\/elicagroup.gr\/en\/invitation-to-tender-no1041_01\/\" style=\"\" rel=\"noopener\">here<\/a>). The first tender is for companies interested in taking over the market, technical, and cost-benefit analysis of the project, while the second is for the desktop study for the project. Interested companies have until the end of May to submit their offers.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatari developer wants to build an urban complex in Sixth of October:<\/strong> Qatar-based property developer <a target=\"_blank\" href=\"https:\/\/www.arianerealestate.com\/\" style=\"\" rel=\"noopener\">Ariane Real Estate<\/a> is reportedly looking to enter Egypt for the first time and build an integrated urban complex with initial investments of EGP 70 bn in Sixth of October\u2019s Dreamland, unnamed sources told <a target=\"_blank\" href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=27042024&amp;id=fd5efa44-ac68-43ed-8136-1989e12e8b5a\" style=\"\" rel=\"noopener\">Shorouk News<\/a>. The complex will house 6k residential units, a sports club, and a hotel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where things currently stand:<\/strong> The developer has submitted an initial offer to buy the land from owners state-owned lenders National Bank of Egypt and Banque Misr for some EGP 15-20 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EFG Hermes One is the first in the country to get the green light from the FRA for the new feature<\/p>\n","protected":false},"author":1,"featured_media":619249,"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":[111,102,84,68,244,72,183,381,1984,875,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-619248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-capital-markets","tag-efg-hermes","tag-egx","tag-electricity","tag-enterpriseam","tag-fintech","tag-greece","tag-gregy","tag-new-administrative-capital","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"5d7cba0e-dca9-4076-8cf2-65acb605251c","order":"10","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/2470.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EFG Hermes ONE to launch a digital onboarding process. PLUS: GREGY tenders go live, Qatari developer eyes Sixth of October project","related_issue":[619232],"teaser":"EFG Hermes One is the first in the country to get the green light from the FRA for the new feature","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.37a6259d-42ce-4668-8502-11c7781af42e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EFG Hermes ONE to launch a digital onboarding process. 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