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money markets
Egypt may launches more green bonds one year after a $750 million sale – official
Egypt is seeking to increase the number and frequency of its issuances of green bonds following a successful $750 million sale a year ago, Deputy Finance Minister Ahmed Kouchouk said.
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Egypt’s GDP expected to grow to 5.3% in FY2022/23 through FY2023/24: S&P
Egypt’s economic growth is relatively strong, with real GDP growth projected to hit 5.3 percent in FY2022/2023 through FY2023/2024, according to Standard & Poor’s (S&P), the leading American…
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Zahraa Maadi becomes largest market-cap real estate developer on EGX
Zahraa Maadi Investment and Development's stock rose to a new record level during Wednesday's trading session to be the largest real estate developer on the Egyptian Exchange (EGX) by market cap.
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FRA considers extending EGX’s trading session by 30min
The Financial Regulatory Authority (FRA) is currently considering a proposal to extend the Egyptian Exchange's (EGX) daily trading session by 30 minutes, sources told the local press.
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Egypt’s first actuarial life table for local insurance players will start early July
Egypt’s first actuarial life table for life insurance will go live as early as next July, the start of the country’s financial year 2021/2022, an official said.
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There is no intention to impose new taxes on EGX’s transactions, Minister
The Egyptian Minister of Finance, Mohamed Maait, affirmed that no new taxes will be imposed on the Egyptian Exchange's (EGX) transactions.
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EGX approves determinants of calculating closing price, price limits for temporary suspension
The Egyptian Exchange issued Resolution No. (681) for the year 2021 regarding the determinants of calculating the closing price and price limits for the temporary suspension after Mohamed Farid, its…
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Egypt Kuwait Holding gets FRA’s approval to launch micro-finance firm
Egypt Kuwait Holding (EKH) has recently received the Financial Regulatory Authority's (FRA) approval to establish a micro-finance company called Bedayti.
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EGX extends deadline for SMEs to contract with sponsors
The Egyptian Exchange (EGX) has issued decision no. 617 of 2021, granting small- and medium-sized enterprises (SMEs) a week ending on 31 August to contract with a registered sponsor.
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Egypt’s Financial Regulator approves 1st microfinance leasing licence
Egypt has approved the first licence for microfinance leasing activity in the Egyptian market, according to Mohamed Omran, Chairperson of the Financial Regulatory Authority (FRA).
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