Mohamed Farid, emphasized the importance of achieving stability in future financial markets and managing the relationship between growing capital markets and stability implications
Farid also stated that said that the authority aims to start trading in future contracts for carbon certificates on the Egyptian Exchange soon
The FRA reported in January, that consumer finance companies provided EGP 43.32 billion to customers during the period from January to November 2023, compared to EGP 26.84 billion during the same period in 2022, a growth of 61.4%
The purpose of this resolution is to ensure the companies’ financial solvency and ability to provide their services efficiently
The FRA chairman emphasized the importance of establishing and activating the voluntary market for trading carbon certificates, adding that it aims to encourage businesses to reduce emissions through adaptation and mitigation projects
