Latest in Tag: Mohamed Omran Highlight
Latest in Tag: Mohamed Omran
FRA to offer green bonds worth $400m for an international institution
Omran told DNE that the offering — which will take place before the end of the first half (1H) of 2022 — will be distributed between Egypt and Luxembourg, refusing to disclose the name of the institution.
FRA approves draft law regulating fintech in non-banking financial activities
FRA Chairperson Mohamed Omran said that the approval will support the Egyptian state’s adoption of a policy providing a remote work environment based primarily on the safe exchange of information and supervision.
Egypt’s microfinance portfolio stands at EGP 17.8bn end-March: FRA
2,700 citizens use nano-finance products with loans amounting to EGP 650,000 end-May, says Omran
Egypt ranks regional first as EGP 162bn worth of securities issued in 2019
Insurance premiums increase by 19.3% to reach EGP 35.2bn in same year
Movable asset-based financing by natural persons comes into effect: FRA
Amendments to executive regulations allow for greater funding opportunities for SMEs, says Omran
FRA extends non-payment risk policy instalments deadline for MSMEs
FRA chairperson Mohamed Omran said that instalments to be collected starting early March to September without imposing any delay fines.
FRA reviews most important achievements in 2019
Securitisation bond issuances reach 18 of about EGP 22bn last year
FRA launches NBFIs national strategy, introduces five financial laws to parliament’s current session: Omran
Stakes in four companies to be offered on EGX before 31 March 2020, including Banque du CaireÂ
FRA approves establishing Regional Centre for Sustainable Finance by presidential decree
Centre aims to raise awareness of sustainable development and promote a green economy culture within financial sector: Omran
Acumen sues FRA for EGP 20m over damages to brand reputation
The company demanded a compensation of EGP 20m for damages suffered as a result of the defamation of the company’s reputation within the stock market.
Insurance companies’ net investments see 16.1% increase in FY 2017/18
Value of investments in private insurance funds reaches EGP 70 bn during last year
Investment portfolio of insurance companies in Egypt rose to EGP 99.3bn in last FY: FRA
FRA’s has several projects, such as insurance on students, in addition to insuring governmental buildings
Egypt signs protocol to finance establishing first actuarial life table
Statistics calculate remaining life expectancy for people at different ages, probability of surviving to given age
Consumer finance in Egypt worth EGP 70bn, requires putting activity under EFSA’s supervision: Omran
EFSA aims to increase volume of financial leasing to EGP 80bn by end of 2022
FRA launches electronic registry of movable securities
The Egyptian Financial Regulatory Authority (FRA) has officially launched the electronic registry of movable assets that enables micro, small, and medium entrepreneurs to obtain additional financing for their projects by leveraging equipment and machines they own or what they intend to buy. Mohamed Omran, FRA chairperson, said at a press conference that Egypt was the …
Market Advisory presents “short selling” proposal to EFSA next week
Financial Supervisory Authority aims to issue a new insurance law in 2018
Finance lease contracts rose to EGP 22bn in 10M 2017: FRA report
Real estate, land came on top, followed by automotive sector
Prime Minister appoints Mohamed Omran as EFSA acting chairperson
Minister of Investment and International Cooperation Sahar Nasr said that Prime Minister Sherif Ismail issued a decree appointing Mohamed Omran as acting head of the Egyptian Financial Supervisory Authority (EFSA), pending the adoption of the procedures prescribed by the Constitution after the commencement of the session of the House of Representatives. Nasr explained that EFSA …
Governmental decree to appoint Farid as chairperson of EGX, Omran for EFSAÂ
Developing the EGX plays a pivotal role in the economic reform programme, according to Nasr
Omran demands ESTA to establish controls for practicing technical analysis profession
The controls protect the different parties in the market and increases the performance of the market
EGX chairperson hosts meetings with business and financing representatives
Omran held talks with representatives from Infor and CitiBank International
Amending Capital Market Law to facilitate SMEs registration: Omran
32 companies were registered in NILEX with EGP 1.3bn capital by the end of 2016Â
EGX to communicate with the government to activate IPO programme
Positive indicators of EGX increases chances of new IPOs success, says EGX chairperson
Government should not exaggerate company assessments in order for IPO programme to succeed: EGX chairpersonÂ
Corporate structuring before an IPO is an essential step, which takes more than a few weeks or months
EGX waiting to receive registration requests for investment funds’ certificates: Omran
When the authorities related to investment funds request to register their certificates in the EGX, this will contribute to making amendments in the trading system and the rules of IPO, says Omran
EGX’s technological infrastructure development plan begins with establishment of first modern data centre
New disaster recovery building to be built in Fifth Settlement as part of plan, Omran says
EGX expects new IPOs from state companies: Omran
Expansion of financing base is main way to boost economic growth far from banks, says Sakr
Decision to propose capital increases for 2 banks on EGX is governamt’s most impotant in recent years
Chairman of the Egyptian Exchange (EGX) Mohamed Omran said the government’s and the Central Banks of Egypt’s (CBE) decision to increase capital of two banks through the stock exchange is considered one of the most important economic decisions made in Egypt during the recent years. The statement was part of Omran’s speech in the opening session of …
ESAA trained EGX personnel to deal with companies’ merging, dividing cases
Programme took three weeks, included clarification of modern concepts of Egyptian accounting standards such as handling financial leasing accounts, fair valuesÂ
Application of sustainability enables Egypt’s economy to attract $20bn: Omran
Omran says conference is not luxury but rather means to think outside the box, since waiting for market challenges to end is not an optionÂ