Mohamed Farid, emphasized the importance of achieving stability in future financial markets and managing the relationship between growing capital markets and stability implications
FRA highlights that in Q4 of 2023, there was a notable increase in various sectors, with leasing contracts, factoring, consumer finance, MSMEs, and mortgage financing experiencing significant growth.
Farid also stated that said that the authority aims to start trading in future contracts for carbon certificates on the Egyptian Exchange soon
The new stock categories aim to facilitate trading by aligning different trading volumes with specific mechanisms, according to a bourse statement
The three entities will be in charge of verifying projects that claim to reduce carbon emissions. This comes in line with the FRA’s launch of the voluntary carbon market
