Latest in Tag: Egyptian Financial Supervisory Authority Highlight
Latest in Tag: Egyptian Financial Supervisory Authority
Market Advisory presents “short selling” proposal to EFSA next week
Financial Supervisory Authority aims to issue a new insurance law in 2018
Egypt financial watchdog turns down Reacap Financial Investments’ fair value study
The stock price hover around its highest level in six years
EGP 11.8bn value of financial leasing contracts in H1 of 2017: Samy
Mortgage funding companies inject EGP 956m during H1 of 2017 with a 77% increase
We aim to improve Egypt’s investment attraction: Samy
The EFSA is working on amending several procedures to regulate the market
Real estate funds will enter Egypt through three contenders in 2017
NAEEM to issue two tranches, each at EGP 1bn
EFSA approves deal to sell CI Capital to Arab and Egyptian investors
This comes after the deal of selling CI Capital Holding to Naguib Sawiris failed
EFSA studying permission for T+0 mechanism for fund managers
Head of the Egyptian Financial Supervisory Authority (EFSA), Sherif Samy, told Daily News Egypt that the authority is considering the allowance of same-day trading, known as T+0, for fund managers, noting that they will study how this may conflict with the capital market law to remove any legislative obstacles. Samy added that the authority is …
Blom Bank enters asset management sector through ‘Blom Egypt for Financial Investments’
The bank works to complete the procedures for establishing the new company through EFSA to expand its non-banking financial services
Mubasher manages media company acquisition agreement
Mubasher will begin by assessing the company in the local market for the purpose of selling it
Does GCI’s assessment of the Egyptian capital market reflect EGX’s real position?
While EFSA believes that Egypt deserves a better assessment in the ‘regulation of securities exchanges’, investors assert that rules of finance are more complicated
EFSA intends to increase fine for delay in sending financial statements to exceed EGP 2,000: Samy
Ministry of Investment sends executive regulation draft to state council
Establishing companies through IPO takes over amid government trend of financing through EGX
Government demands that it benefit from the exceptions made by the EGX in 2014 regarding launching companies established through IPO, especially in the infrastructure and agricultural sectors
EFSA introduces new draft bills for insurance supervision regulation and control
The insurance industry plays a vital role in providing financial protection to both individuals and investment projects, says Investment Minister
BPE Partners awaits EFSA approval of fair value report within two weeks
Hazem Barakat, chairperson of BPE Partners for Financial Investment—formerly Beltone Capital—said that his company is looking forward to obtaining the Egyptian Financial Supervisory Authority’s (EFSA) approval for the fair value report of the company’s shares within the next two weeks.
EFSA’s decision puts financial burdens on the companies: expats
EFSA has defended its decision by arguing that it is a guarantee for stocks to not suddenly be suspended
Leasing activity grows 12% in first half of 2016
EFSA stated that the number of registered leasing companies is now 222 compared to 219 during the first half of last year, 27 of which are active compared to 23 last year
Foreign cash flow must be transferred to banking sector via EGX due to US dollar crisis
Recent amendments aim to keep up with the economic conditions and not restrict investors, says EFSA chairperson
EFSA Grievances Committee to review Beltone’s lawsuit against EGX on 20 July
Beltone consultant, Atef El-Sherif, said that the company’s action against the EGX came as a response to complaints received from investors about the repeated cancellation of the company’s stock transactions.
Trade violators will not be prohibited but rather subjected to tighter controls: EFSA
Lawsuit filed against board members of three companies listed on the EGX for manipulating stocks
EFSA imposes EGP 70,000 fine on Suez Canal Technology Settling company
EFSA’s decision came after the company’s 70-day delay in submitting annual financial statements
Beltone sues EGX chairperson for repeatedly canceling trading on its transactions
Cancellation of operations caused serious damage to the reputation of the company, with a negative impact on shareholders
Mubasher backs down from seeking acquisition of financial consulting firm
The company is to receive a new license within two months, after hiring a financial consulting director
Communications Ministry puts forward tender to supply electronic security devices to EFSA
Ministry set 19 June to open sealed envelopes for financial and technical qualifications
Global Lease aims to increase its portfolio to EGP1.3bn by end of 2016
Global Lease secured 12.75% of the lease financing market share in the first quarter of 2016, says CEO Samir
Orascom seeks to complete acquisition of CI Capital
Orascom has not yet reached the reconciliation phase
Registration problems impede mortgage growth
30% growth in mortgage is still not enough, says EFSA chairperson
Sawiris-CI Capital undergoes exceptional examination by EFSA
The examination of the current deal is more accurate than that of Beltone’s deal, led to discovering previous violation, says EFSA chairperson
Financial Services Institute to bring financial leasing companies in accord with new legislation
The training programme aims to help companies manage risks and to ensure credit stays apace of activities
Enforcement of Movable Guarantees Law tops EFSA’s agenda for 2016
The authority aims to draft the executive regulations of the law by May, to enable small enterprises to acquire the needed funds to maintain activity
New EFSA regulations increase competition among asset management companies offsetting losses
Cairo Financial Holding involved in negotiations over managing three funds at over EGP 100m each