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
Farid stressed that customer protection is a global concern, holding significant importance in ensuring transparent, fair, and honest treatment in financial transactions provided by financial institutions
These approvals were divided into 190 approvals for share issuances (both for new and existing companies), with a total value of EGP 27.5 billion during July 2023.
The newly established tables will be mandatory for all life and capital formation insurance companies in Egypt.
This comes within the FRA’s keenness to enhance the efficiency of markets, protect their competitiveness, and ensure the safety and fairness of dealing and pricing.
