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money markets
Palm Hills closes seventh securitisation bond issuance worth EGP 1.05bn
Palm Hills Developments (PHD) has completed its seventh securitisation bond issuance backed by a receivables portfolio of around EGP 1.05 billion, in cooperation with Sarwa Capital, a subsidiary of …
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Egypt’s FRA approves amendment of Capital market law regarding bonds, sukuk
The Financial Regulatory Authority (FRA) approved Tuesday a draft amendment to some provisions of the articles regulating bonds, securitization bonds and sukuk in the executive regulations of the…
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GB Lease plans for new securitized bond issuance
GB Auto’s financial leasing arm, GB Lease, is planning to take a multi-tranche EGP 1.6 bn securitized bond issuance to market in December, Al Shorouk reports, citing unnamed sources.
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Govt. plans to list up to 6 firms on Egyptian Bourse – Madbouly
The Egyptian government intends to list five to six new companies on the Egyptian Exchange (EGX) by the end of 2021, Prime Minister, Mostafa Madbouly announced.
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Egypt’s financial regulator reduces fees for trading operations in EGX by 20%
The Financial Regulatory Authority (FRA) announced Wednesday reducing the fees for collected and payable services for trading operations on the stock exchange by 20 percent.
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Egypt’s financial regulator expands caps on margin trading
The Financial Regulatory Authority (FRA) issued a decision on Thursday setting new caps on margin trading of shares of listed companies — and from what we’re seeing, it appears the authority has…
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EGX announces new rules for temporary trading suspension limit
The Egyptian Exchange (EGX) announced new rules under which trading will be temporarily halted when the EGX100 EWI moves up or down by 10% within the day’s trading session, compared to a previous…
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Aspire Capital establishes microfinance company with EGP 30m capital
Aspire Capital Holding for Financial Investments, formerly known as Pioneers Holding Company for Financial Investment, announced Monday establishing Al-Khair Microfinance Company, with an issued…
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e-finance soars 43% in first minutes of initial IPO
The stock of e-finance For Digital and Financial Investments jumped during the first few minutes of its trading debut on the Egyptian Exchange (EGX).
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Egyptian expat insurance program will start by the beginning of 2022
An Egyptian expat insurance program will come into effect as of January 1, 2022, the Financial Regulatory Authority (FRA) announced.
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