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Both citizens and residents will be required to show their Tawakkalna application
27 July 12:13 PM Saudi Arabia limits entering public places to vaccinated people next month
Riyadh – Mubasher: Saudi Arabia will be banning unvaccinated individuals from entering public places and events as of 1 August, the Ministry of Interior announced. People using public transportation will have to be vaccinated against COVID-19 as …
Mortgage funding grew to EGP 3.4 billion in 2020
26 July 12:43 PM Egypt's FRA approves amendments to mortgage finance law
Cairo – Mubasher: The board of directors of the Egyptian Financial Regulatory Authority (FRA) approved the draft amendments to some provisions of the mortgage finance law no. 148 of 2001.  These amendments are aimed at addressing some challenges …
Al Khodari aims to offset the accumulated losses to be less than 50% of the capital
7 July 01:05 PM Al Khodari announces changes in capital on court’s nod
Riyadh – Mubasher: The Commercial Court of Dammam approved for Abdullah Abdul Mohsin Al Khodari Sons Company (Al Khodari) to covert SAR 1.25 billion of creditors’ debts into shares at a value of SAR 10 each. The capital will therefore stand at SAR …
Erteqa is specialised in financial advisory services and investment banking activities
6 July 04:58 PM Saudi CMA completes securities business licence for Erteqa
Riyadh – Mubasher: Saudi Arabia’s Capital Market Authority (CMA) has completed the requirements for issuing the securities business licence for Erteqa Financial Company, the Saudi Exchange (Tadawul) announced on Tuesday. This step came in line …
The bill aims to regulate the financial system
4 July 05:56 PM Egypt’s Senate gives initial nod to unified public finance law
Cairo - Mubasher: Egypt’s Senate approved in principle the draft unified public finance law, the Middle East News Agency (MENA) reported on Sunday.  The bill aims to regulate the financial system through merging the State Public Budget Law No. 53 …
Sovereign sukuk will help the government diversify its funding sources
28 June 04:22 PM Egypt's House of Representatives gives final nod to sovereign Sukuk law
Cairo - Mubasher: The Egyptian House of Representatives gave final approval to the draft law of sovereign Sukuk, the Middle East News Agency (MENA) reported on Monday.  The law was passed after being approved by Al-Azhar institution, the Financial …