Egypt announces new financial regulations for insurance, microfinance, and stock listings

Egyptian authorities have announced several new financial regulations and services. The central bank has launched a new payment service for smartphones and tablets, and the government has issued comprehensive rules to regulate micro-insurance activity.

Separately, the deadline for insurance and reinsurance companies to increase their capital has been extended. Authorities are also close to announcing new amendments for listing on the stock exchange and have raised the maximum funding limit for micro-projects.