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FRA issues new guidelines for credit portfolio transfers in non-banking finance

The Financial Regulatory Authority (FRA) has issued a circular outlining new controls for the transfer of credit portfolios from non-banking financing entities to other licensed financing entities, banks, securitization companies, or investment funds.

Updated 10/23/2024 3:23:00 AM
Egypt allocates EGP 118B for human, social development sector in FY2024/25

The investment portfolio for the Egyptian human and social development sector covers 3,252 projects, with investments of EGP 118 billion during the current fiscal year (FY) 2024/2025.

Updated 10/21/2024 12:17:00 PM
Egypt-Spain development investment portfolio hits $867M in 2023

The development investment portfolio between Egypt and Spain reached $867 million during the period from 2020 to 2023.

Updated 10/17/2024 3:22:00 AM
Bank NXT targets $90B in deposits over next 3 years

Bank NXT, formerly the Arab Investment Bank (aiBANK), is seeking to double its deposits to $90 billion within the next three years.

Updated 10/1/2024 3:15:00 AM
Banque du Caire, Beltone Asset Management to manage asset portfolio abroad

Banque du Caire has inked a contract with Beltone Asset Management, a subsidiary of Beltone Holding, to launch and manage an asset portfolio abroad.

Updated 9/4/2024 1:47:00 AM
MNT-Halan targets over $1B in funding portfolio by end-2024

Egypt-based MNT-Halan’s funding portfolio is expected to surpass $1 billion by the end of 2024.

Updated 7/30/2024 4:02:00 AM