The Financial Regulatory Authority (FRA) has approved the establishment and licensing of six new companies to operate across real estate investment funds, factoring, investment fund management, and real estate finance.

Fawry for Banking Technology and Electronic Payment has set up Fawry Holding for Financial Investments, with an authorized capital of EGP 50 million and a paid-up capital of EGP 5 million

BARQ Systems, a regional leader in IT and cybersecurity solutions, has officially obtained accreditation from the National Telecommunications Regulatory Authority of Egypt (NTRA).

The Financial Regulatory Authority (FRA) has extended the suspension of incorporation applications and preliminary approvals for companies seeking licenses to operate in microfinance or traditional consumer finance, as per a statement.

PALM, Egypt’s first incentivized goal-based investment platform, has officially launched following the completion of its pre-seed funding round led by 4DX Ventures, with participation from Plus VC and a group of global angel investors, as per an emailed press release.

Arab Finance, Egypt’s oldest news platform dedicated to the stock market, has officially received its license from the Supreme Council for Media Regulation.

The Financial Regulatory Authority (FRA) has issued decisions for six companies, granting new licenses for company establishment, investment fund activities, and the formation of a factoring company.

The Financial Regulatory Authority (FRA) has issued new licensing regulations to temporarily authorize specialized medical insurance companies and healthcare program management companies to operate under the Unified Insurance Law no. 155 of 2024.

The Financial Regulatory Authority (FRA) has approved 11 institutions to regularize their status and register in the authority's official register for dealing in government securities and financial instruments in the secondary market.

Egypt has launched an online service for submitting building license applications in new cities, Minister of Housing, Utilities, and Urban Communities.

The Financial Regulatory Authority (FRA) has granted Standard Chartered a license to operate as a custodian bank.

A consortium made up of the Egyptian credit bureau I-Score and S&P Global Ratings is nearly ready to obtain a second credit rating license in Egypt.

GB Capital for Financial Investments, the financial arm of GB Corp, has obtained a license from the Financial Regulatory Authority (FRA) for the promotion and underwriting of securities as part of its expansion efforts.

The Financial Regulatory Authority (FRA) has decided to suspend issuing new licenses for companies seeking to engage in consumer finance or microfinance for one renewable year starting October 11th.

Three major mobile network operators in Egypt, namely Vodafone Egypt, Orange, and e& Egypt, are expected to sign an agreement on October 7th to introduce fifth-generation (5G) services.

Minister of Tourism and Antiquities Sherif Fathy has issued several ministerial decrees revoking the licenses of 36 travel agencies that violated the laws regulating the Hajj and Umrah trips.

Beltone Holding has received final approval from the Financial Regulatory Authority (FRA) for its small and medium enterprises (SMEs) finance license.

Acumen Securities Brokerage is planning to obtain a Robo-Advisor license from the Financial Regulatory Authority (FRA) before the end of 2024.

Azimut Egypt has obtained a license from the Financial Regulatory Authority (FRA) to launch its digital platform for investment funds and portfolios.

Cairo-based fintech start-up Sahl is probing obtaining a license for launching a digital bank in Egypt.