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ECA approves 7 major acquisition deals

The Egyptian Competition Authority has approved seven significant acquisition deals, allowing domestic and international companies to invest in various sectors.

Updated 11/11/2024 7:44:00 AM
FRA enacts measures to safeguard securities clients' accounts

The Financial Regulatory Authority (FRA) announced new rules to fortify protection for clients’ accounts within the securities sector.

Updated 10/31/2024 12:45:00 PM
Egypt reviews financial statements of 198 state-owned companies to assess profitability

The Egyptian government is currently reviewing the financial statements of 198 state-owned companies to evaluate their profitability.

Updated 10/7/2024 4:02:00 AM
Egypt launches 1st microinsurance company under new unified insurance law

Egypt Post’s investment arm, Post for Investment, and AXA Egypt have signed a partnership agreement to launch Egypt’s first microinsurance company under the newly implemented Unified Insurance Law.

Updated 10/7/2024 4:02:00 AM
Misr Insurance Holding launches new microfinance firm

Misr Insurance Holding has obtained a license from the Financial Regulatory Authority (FRA) to launch Maak microfinance company, with about EGP9 billion in targeted funds over five years.

Updated 6/4/2024 10:35:00 AM
Azimut to launch new fintech venture in Q3

Azimut Egypt is gearing up to launch a new fintech venture during the third quarter (Q3) of this year.

Updated 5/30/2024 12:28:00 PM
Egypt approves draft law regulating state ownership in companies

The Egyptian cabinet has greenlit a draft law regulating state ownership in fully-owned companies by the state or those in which it holds a stake.

Updated 5/16/2024 8:30:00 AM
FRA licenses EFG Finance to launch SMEs finance firm

EFG Finance, the non-bank financial institutions (NBFI) arm of EFG Holding, has obtained the required license from the Financial Regulatory Authority (FRA) to launch a new subsidiary specialized in providing financial services tailored for small and medium-sized enterprises (SMEs).

Updated 3/13/2024 10:52:00 AM
ADIB Egypt to launch Egypt’s 1st Sharia-compliant microfinance firm

The Financial Regulatory Authority (FRA) has granted Abu Dhabi Islamic Bank (ADIB Egypt) a license to launch the first Sharia-compliant microfinance firm in Egypt.

Updated 7/31/2023 8:29:00 AM
Egypt’s TSFE, Etisalat Misr launch new firm to back micro, small enterprises

The Sovereign Fund of Egypt (TSFE), in partnership with Etisalat Misr, has launched a new firm under the name of "Erada" for financing small and micro projects, according to a statement by the Egyptian Planning Ministry on January 16th.

Updated 2/1/2023 2:15:00 PM