{"id":13924126,"date":"2024-11-30T07:12:15","date_gmt":"2024-11-30T07:12:15","guid":{"rendered":"https:\/\/fra.gov.eg\/fra_news\/%d8%a7%d9%84%d8%af%d9%83%d8%aa%d9%88%d8%b1-%d9%85%d8%ad%d9%85%d8%af-%d9%81%d8%b1%d9%8a%d8%af-%d9%8a%d8%b4%d8%a7%d8%b1%d9%83-%d9%81%d9%8a-%d9%81%d8%b9%d8%a7%d9%84%d9%8a%d8%a7%d8%aa-%d8%a5%d8%b9%d9%84\/"},"modified":"2024-12-01T12:09:58","modified_gmt":"2024-12-01T12:09:58","slug":"%d8%a7%d9%84%d8%af%d9%83%d8%aa%d9%88%d8%b1-%d9%85%d8%ad%d9%85%d8%af-%d9%81%d8%b1%d9%8a%d8%af-%d9%8a%d8%b4%d8%a7%d8%b1%d9%83-%d9%81%d9%8a-%d9%81%d8%b9%d8%a7%d9%84%d9%8a%d8%a7%d8%aa-%d8%a5%d8%b9%d9%84","status":"publish","type":"fra_news","link":"https:\/\/fra.gov.eg\/en\/fra_news\/%d8%a7%d9%84%d8%af%d9%83%d8%aa%d9%88%d8%b1-%d9%85%d8%ad%d9%85%d8%af-%d9%81%d8%b1%d9%8a%d8%af-%d9%8a%d8%b4%d8%a7%d8%b1%d9%83-%d9%81%d9%8a-%d9%81%d8%b9%d8%a7%d9%84%d9%8a%d8%a7%d8%aa-%d8%a5%d8%b9%d9%84\/","title":{"rendered":"Dr. Mohamed Farid Joins Launch of the AmCham Innovation and Entrepreneurship Committee &#8211; Saturday 30 November 2024"},"content":{"rendered":"<ul>\n<li><span style=\"color: #800000;\">Open dialogue with startups and entrepreneurs to discuss policies and tools for empowering startups<\/span><\/li>\n<\/ul>\n<p><strong><u>Dr. Mohamed Farid \u2013 FRA Chairman :<\/u><\/strong><\/p>\n<ul>\n<li><span style=\"color: #800000;\">Innovation and entrepreneurship are crucial for economic growth and competitiveness<\/span><\/li>\n<li><span style=\"color: #800000;\">FRA is empowering entrepreneurs by facilitating access to diverse non-bank financial services<\/span><\/li>\n<li><span style=\"color: #800000;\">We&#8217;ve developed tailored financial valuation standards for startups and are leveraging technology to support their non-bank financial needs<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Dr. Mohamed Farid, FRA Chairman participated in an event hosted by the American Chamber of Commerce in Cairo to announce the formation of a new Innovation and Entrepreneurship Committee. Dr. Rania Al-Mashat, Minister of Planning and Economic Development, Amr Al-Abd, Advisor to the Prime Minister for Entrepreneurship, and other representatives from startups and entrepreneurial community attended the event.<\/p>\n<p>Dr. Farid highlighted innovation and entrepreneurship as crucial drivers of economic competitiveness and development, especially for emerging economies. He emphasized the Authority\u2019s significant role in supporting startups and entrepreneurs by fostering a conducive business environment.<\/p>\n<p>Dr. Farid further explained that the Authority has implemented various regulations and decrees to stimulate growth in this sector, leveraging diverse non-bank financial solutions and services. This includes developing tailored financial valuation standards for entities, especially startups, to better align with their unique business models. Additionally, a decree has been issued enabling the establishment of fintech startups with a more accessible capital requirement of 15 million Egyptian pounds, compared to the 75 million required for traditional non-bank financial institutions.<\/p>\n<p>In this context, he noted that FRA aims to promote financial inclusion, drive digital transformation and ensure the stability of non-bank financial institutions and markets, while safeguarding consumer rights.<\/p>\n","protected":false},"author":7,"featured_media":13924125,"parent":0,"template":"","format":"standard","categories":[142,144],"tags":[],"fra_news_taxonomy":[2137,2138],"news_paper_taxonomy":[],"_links":{"self":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news\/13924126"}],"collection":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news"}],"about":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/types\/fra_news"}],"author":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/users\/7"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media\/13924125"}],"wp:attachment":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media?parent=13924126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/categories?post=13924126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/tags?post=13924126"},{"taxonomy":"fra_news_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news_taxonomy?post=13924126"},{"taxonomy":"news_paper_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/news_paper_taxonomy?post=13924126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}