Financial Regulatory Authority
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تكنولوجيا
Sarwa Insurance Announces Egypt’s First Title Insurance Policy
In a landmark move that reflects the continued development of Egypt’s regulatory and insurance frameworks supporting investment, Sarwa Insurance, one of the largest insurance companies in the Egyptian market and the insurance arm of Contact Financial Holding, has received approval from the Financial Regulatory Authority (FRA) to issue and activate the “Title Insurance” policy. With this approval, Sarwa Insurance becomes…
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مال وأعمال
Financial Regulatory Authority Grants Orion Consumer Finance (marketing name “algo”) a License to Operate in Consumer Finance
Orion Consumer Finance (algo), a partnership between Talaat Moustafa Group (TMG) and AUR Leasing and Factoring, announced that it has received approval from the Financial Regulatory Authority (FRA) to operate in the consumer finance sector, after fulfilling all regulatory requirements set by the Authority. This step reflects the state’s direction toward expanding non-banking financial services and enhancing financial inclusion. In…
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تكنولوجيا
Introducing the Next-Generation App for a Seamless Digital Experience Commercial International Brokerage Company Launches the Upgraded of Mahfazty Plus App
Commercial International Brokerage Co. (CIBC), a subsidiary of CI Capital (CICH.CA), the leading diversified financial services group, announced the launch of the latest version of its flagship trading platform, Mahfazty Plus. The enhanced application is designed to offer a fully integrated, seamless, and user-friendly digital trading experience, positioning Mahfazty Plus among the most advanced and most efficient platforms in the…
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بنوك
To Expand the Beneficiary Base of Innovative Financing Solutions: National Bank of Egypt (NBE) Grants Short-Term Financing to U Consumer Finance “Valu”
The National Bank of Egypt (NBE) announced the signing of a short-term financing agreement worth up to EGP 3 billion for U Consumer Finance, known under the trademark of “Valu”, Egypt’s universal financial technology powerhouse. This comes as part of NBE’s support for the non-banking financial sector, the promotion of financial inclusion, and the expansion of the beneficiary base for…
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مال وأعمال
EFG Hermes Concludes Advisory on MLF Finance’s First Securitization Issuance Worth EGP 1.139 Billion
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today that it successfully concluded advisory on the EGP 1.139 billion securitized bond issuance for MLF Finance, marking the company’s first issuance under its new EGP 12 billion securitization program. The bond is backed by a receivables portfolio assigned to…
