News

FRA & CBE Agree To Establish Fund to Finance Brokerage Firms

24 Mar 2021

 

 

he FRA (Financial Regulatory Authority) and the CBE (Central Bank of Egypt) have agreed to set up a fund to finance brokerage firms. The goal of the fund is to increase liquidity in the Egyptian Stock Exchange and encourage new investors to enter the market, as well as increasing the solvency and financial capability of current investors.  (Source: Hapi Journal, al-Masry al-Youm Newspaper)

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