23 Hrs
Source:
بوابة الفجر
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Source: بوابة الفجر
23 Hrsبوابة الفجر
Source: بوابة الفجر
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On November 10, 2026, Financial Regulatory Authority Chairman Islam Azzam met with a delegation from the European Bank for Reconstruction and Development to discuss developments in Egypt’s capital markets, insurance sector, and non-bank finance. He outlined measures to develop the stock exchange, including the launch of the derivatives market last March and preparations to introduce short selling and market making, as well as the regulation of government offerings. These include the start of trading in Banque du Caire shares and the forthcoming offering of Misr Life Insurance. In the insurance sector, Azzam noted that more than 90 regulatory decisions had been issued since the Unified Insurance Law No. 155 of 2024, and that work was underway to strengthen financial solvency and implement the “Solvency II” framework. The meeting also covered the use of technology and tighter creditworthiness assessments in non-bank finance, developments in the voluntary carbon market, and sustainability disclosure standards. Both sides agreed to stay in contact and explore opportunities for cooperation.
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