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Financial Authority cuts securities fees
A decision by the Financial Regulatory Authority in Egypt has reduced the fees for examining and studying applications for issuing securities that support sustainable development by 50%. This is aimed at encouraging funding for environmental and social projects, as well as financing initiatives related to climate change and carbon emission reduction. The reduction applies to all types of securities linked to sustainable development, such as green bonds, social bonds, and women empowerment bonds, whether issued in the public or private markets. This initiative supports Egypt Vision 2030 and aims to strengthen the role of non-banking financing in improving quality of life and addressing climate change.
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