FRA steps up preparations for imminent short selling launch

The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has held intensive consultation meetings with representatives of the Egyptian Exchange (EGX), Misr for Central Clearing, Depository and Registry (MCDR), securities brokerage firms, and custodians to finalise operational procedures ahead of the introduction of short selling under the new regulatory framework…

FRA holds AML/CTF workshop for officers at supervised companies

The Financial Regulatory Authority (FRA) organised a workshop for officers responsible for Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) at companies subject to its supervision and oversight. The workshop aimed to familiarise participants with the due diligence procedures issued by the Anti-Money Laundering and Terrorist Financing Unit last September, as part…

Egypt, Germany deepen economic partnership across investment, trade

Egypt and Germany are strengthening their economic partnership, moving beyond traditional trade towards long-term development and investment cooperation, with a focus on socio-economic stability and green growth. “Egypt is among the most important partner countries for German development cooperation. We have been and will remain a committed partner for Egypt…