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SMEs have contributed about 80% to the country's GDP
12 July 01:02 PM Egypt's FRA grants first SME funding licence in NBFC sector
Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) has licensed a micro-funding company to provide funding to small- and medium-sized enterprises (SMEs), the first licence given to a non-banking financial company (NBFC), according …
Central Bank of Egypt
7 July 03:26 PM Egypt's banks allowed to provide commercial registration, documentation services
Cairo - Mubasher: The Central Bank of Egypt (CBE) approved the general framework for the provision of commercial registration and documentation services through banks.  Local banks will be allowed to offer documentation services for their …
The value of consumer funding reached EGP 5.5 billion in five months
7 July 01:05 PM Egypt exempts consumer financing services from VAT
Cairo - Mubasher: The Egyptian Tax Authority has exempted consumer financing companies and service providers from the value-added tax (VAT), the Deputy Chairman of the Financial Regulatory Authority (FRA), Islam Azzam, revealed.  The FRA has been …
The trading period will end on Monday, 12 July
4 July 05:26 PM Tadawul announces Gulf General’s rights issue subscription period
Riyadh – Mubasher: Saudi Exchange (Tadawul) said trading and subscription to Gulf General Cooperative Insurance Company’s rights issue will begin on Monday, 5 July. Tadawul added that the trading period will end on Monday, 12 July, while the …
CMA approves listing of real estate, medical companies
28 June 04:55 PM Saudi CMA approves listing of two firms on parallel market
Riyadh – Mubasher: Saudi Arabia’s Capital Market Authority (CMA) gave the green light for listing the shares of Banan Real Estate Company on the Saudi Exchange’s (Tadawul) parallel market Nomu, according to a bourse disclosure on Monday. In a …
This decision has been made due to concerns about the adequacy of FFA's systems
23 June 01:24 PM DFSA poses restrictions on FFA Private Bank Dubai
UAE - Mubasher: The Dubai Financial Services Authority (DFSA) has imposed restrictions on FFA Private Bank (Dubai) Limited, prohibiting the bank from receiving, arranging, or executing orders from or on behalf of specific clients. This decision …
Photo Archive
22 June 11:06 AM Chubb Arabia renews its license for three years
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company has obtained the approval of the Saudi Central Bank (SAMA) to renew its license. The license allows Chubb to practice general insurance activity from 28 July 2021 for a period of three …