العربية

Day: October 21, 2026

FRA issues model agreement for brokerage firms, securities borrowers

The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has issued a model agreement governing the relationship between brokerage firms and clients borrowing securities for sale, marking another step towards the anticipated official launch of short selling in Egypt. The move follows the introduction of a new regulatory framework under…

CBE trains COMESA central banks on climate risk stress testing

The Central Bank of Egypt (CBE) hosted a training programme on incorporating climate risks into micro- and macro-level stress testing for central banks, with the participation of 25 representatives from 11 central banks in member states of the Common Market for Eastern and Southern Africa (COMESA), alongside a delegation from…

Egyptian government tackles steelmakers’ challenges, billet supply

The Minister of Industry Khaled Hashem and Investment and Foreign Trade Minister Mohamed Farid held two expanded meetings with representatives of integrated and semi-integrated steel plants and rolling mills to discuss challenges facing companies amid global market conditions. The meetings reflect the government’s commitment to supporting the steel industry across…

US dollar jumps by 60 piasters in Egyptian banks

The US dollar exchange rate against the Egyptian pound rose by approximately 60 piasters during Monday’s trading sessions in banks operating within the local market, reaching levels between LE 54.26-54.45 for buying, according to the announced exchange rates: During evening trading, the US dollar was quoted at LE 54.45 for…