Egypt’s Stock Market Resumes Trading on CIB Shares

Egypt’s Stock Exchange has resumed trading Commercial International Bank (CIB) shares on October 25 after suspending it on October 23 at the request of the Financial Regulatory Authority (FRA)

FRA Raises Mortgage Funding Limit to 15%

The Financial Regulatory Authority (FRA) has signed off on allowing Egypt-based mortgage finance companies to lend up to 15% of their capital base to an individual household, instead of 10% earlier.

Cabinet Signs Off on Changes to Real Estate Funds Regulations

Egypt's Cabinet has approved some far-reaching legislative amendments to the Capital Markets Act, which governs real estate funds, in a bid to facilitate and reduce burdens halting property investment.

Egypt’s Mortgage Funding Down 84.2% in April: FRA

The Financial Regulatory Authority (FRA) has unveiled that Egypt’s mortgage finance activity dropped by 84.2% last April versus the year-ago figures.

Banque Misr, FEI Partner to Spur Mortgage Financing

Banque Misr and the Real Estate Development Chamber at the Federation of Egyptian Industries (FEI) signed on June 17 a cooperation protocol to stimulate local real estate financing.

Cabinet Amends Regulations of Real Estate Funds

Egypt's cabinet issued a decree on June 11 to amend the executive regulations of "Capital Markets Act," governing real estate funds, in an attempt to facilitate and reduce burdens halting real estate investment.

Mortgage Finance Loans Hit EGP 392.7 mn by End-April

Egypt’s Mortgage Finance Fund (MFF), targeting middle- and low-income citizens, provided loans worth EGP 392.7 mn in April versus EGP 127 mn in the year-ago period, amid a 208% surge in banks' key interest rates

Egypt Parliament Approves Financial Leasing, Factoring Law

Egypt's parliament has approved on Saturday, June 23, a financial leasing and factoring bill in a general session headed by Parliament Speaker Ali Abdel Aal, in the presence of Minister of Investment and Internati ...

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