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Egypt's Financial Regulatory Authority grants 10 new approvals for non-banking financial activities
The Financial Regulatory Authority in Egypt issued 10 new approvals to operate non-banking financial activities, including licensing a securities appraisal and rating company to become the second in the market, and granting licenses to two companies for futures brokerage. Additionally, temporary licenses were awarded to companies in the fields of medical insurance and healthcare management programs. The Authority also granted licenses to real estate investment, financing, and leasing companies, aiming to strengthen the non-banking financial services sector and attract investments.
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