FRA Mandates Carbon Disclosure and Offsets for Egypt’s Non-Banking Financial Institutions

• Monday, 16th February 2026
• by Doaa Ashraf

The Financial Regulatory Authority (FRA) has issued Decision No. 36 of 2026, mandating non-banking financial institutions (NBFIs) to disclose their annual carbon emissions and offset a portion of their footprint. The ...

Suez Canal Bank Sells Midor Stakes to EGPC for $30.6 MM

• Tuesday, 2nd June 2020
• by Editorial Team

The Suez Canal Bank has sold its 1.27% stake in the Middle East Oil Refinery (Midor) for $30.6 million to the Egyptian General Petroleum Corporation (EGPC), according to a statement. The bank added that the capital ga...