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اليوم السابع
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PM reviews financial sector updates
The article discusses the efforts of the Egyptian government, led by Prime Minister Mostafa Madbouly, to enhance and develop the non-banking financial sector, including the capital market, insurance, and non-banking financing. It focuses on recent regulatory reforms aimed at strengthening the protection of investors' rights, improving the quality of services, and reducing fraud and money laundering through technical measures such as the use of verification codes and data linking with credit agencies. Additionally, it reviews the strategies of the General Authority for Financial Supervision to expand financial inclusion, improve risk management, and stimulate new investments. These strategies include launching tools such as the sale of borrowed securities, updating market rules, and increasing the number of investors— which has exceeded 171,000 registered traders in the stock exchange. Trading value surpassed 6.4 trillion Egyptian pounds by the end of the second quarter of the year, with investment funds growing by 14.7%.
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