Egypt’s Financial Regulator approves 1st SME funding licence in NBFC sector
Egypt’s Financial Regulatory Authority (FRA) has agreed to grant the first licence…
GB Auto’s Drive obtains FRA approval to provide consumer finance services
Ghabbour Auto (GB Auto) revealed in a statement on Saturday, that it…
ADIB Egypt to set up sukuk company with authorised capital of EGP 100m
The Abu Dhabi Islamic Bank-Egypt’s (ADIB Egypt) board has approved the decision…
Egypt’s Elsewedy Electric acquires International Cables for EGP 410m
Egypt’s Elsewedy Electric has announced that it has signed a share purchase…
EGX likely to continue sideways movement between 10,100 – 10,350 points
This will also look at the consistency of trading above the major…
Egypt exempts consumer finance services from VAT
The services included in the VAT exemption included those provided by companies…
Vortex Energy achieves $200m closure for its 4th flagship fund
Platform targets $750m in fund size within 2 years
Orascom Construction signs $1.1bn contacts in 2Q 2021
Orascom Construction signed $1.1bn worth contracts in the second quarter (Q2) of…
Prime FinTech, Endorse launch supply chain finance platform under factoring services
The digitisation, which aims to save time and effort, is now available…
Finance Ministry will have paid EGP 510.5bn in dues to Insurance Authority by June 2022
It comes as part of an agreement between the Ministries of Social…