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Financial Regulatory Authority

Egypt launches Africa’s first voluntary carbon market platform to boost green financing

Relevant authorities, such as the Egyptian Exchange and Financial Regulatory Authority, will be working to develop frameworks, business models and organizational structures necessary to activate the new market

FRA approves launch of new open investment fund by NI Capital Holding

Named NI Capital with a cumulative periodic return (Equity Fund), the newly-established fund is an open investment fund, with its documents offered through public subscription

FRA issues first license for providing Islamic microfinancing to Maksab

The “Egyptian Microfinance Company - Maksab” received the first license, allowing it to engage in microfinance activity based on the application of the “Wakala Investment” formula for its various financing products

New EGX head and vice chair meet FRA head on cooperation to boost EGX performance

El-Dokany, who was appointed late last week, succeeded Farid after the former EGX boss was selected as acting FRA head by the president in early August

EGX’s Farid selected as acting chairperson for FRA as Omran steps down

Omran had been heading FRA for the past 5 years, and was given a one-year extension on his term in office on 8 August 2021. Farid has been chairperson of the EGX since August 2017