{"id":24401130,"date":"2026-07-24T08:53:19","date_gmt":"2026-07-24T05:53:19","guid":{"rendered":"https:\/\/fra.gov.eg\/fra_news\/%d8%af-%d8%a5%d8%b3%d9%84%d8%a7%d9%85-%d8%b9%d8%b2%d8%a7%d9%85-%d8%b1%d8%a6%d9%8a%d8%b3-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d9%8a%d8%a8%d8%ad%d8%ab\/"},"modified":"2026-07-27T10:10:15","modified_gmt":"2026-07-27T07:10:15","slug":"%d8%af-%d8%a5%d8%b3%d9%84%d8%a7%d9%85-%d8%b9%d8%b2%d8%a7%d9%85-%d8%b1%d8%a6%d9%8a%d8%b3-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d9%8a%d8%a8%d8%ad%d8%ab","status":"publish","type":"fra_news","link":"https:\/\/fra.gov.eg\/en\/fra_news\/%d8%af-%d8%a5%d8%b3%d9%84%d8%a7%d9%85-%d8%b9%d8%b2%d8%a7%d9%85-%d8%b1%d8%a6%d9%8a%d8%b3-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d9%8a%d8%a8%d8%ad%d8%ab\/","title":{"rendered":"Dr. Islam Azzam Discusses Capital Market Developments, Short Selling and Market Maker Plans with World Bank Delegation &#8211;  Friday 24  July 2026"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left\"><strong><span style=\"color: #800000\">Dr. Islam Azzam, FRA Chairman:<\/span><\/strong><\/p>\n<ul style=\"text-align: left\">\n<li><span style=\"color: #800000\">FRA aims to diversify investment strategies to offer more attractive and competitive opportunities for investors.<\/span><\/li>\n<li><span style=\"color: #800000\">The Authority emphasizes that raising awareness of new financial instruments remains a critical priority requiring closer collaboration with market stakeholders.<\/span><\/li>\n<li><span style=\"color: #800000\">FRA is spearheading a plan for full technical and digital integration with companies across all non-banking financial sector.<\/span><\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left\">\n<p dir=\"ltr\" style=\"text-align: left\">Dr. Islam Azzam, FRA Chairman received a delegation from the World Bank to review the latest developments in Egypt\u2019s capital market and discuss regulatory reforms aimed at deepening the market, enhancing liquidity and expanding the investor base in line with international best practices and Egypt Vision 2030.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">The meeting highlighted the framework of an upcoming training program launched by the FRA\u2014via its educational arms, the Financial Services Institute (FSI) and the Egyptian Institute of Directors (EIoD)\u2014to prepare temporarily listed state-owned enterprises (SOEs) and their executive leadership for the government\u2019s IPO program.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">Discussions also focused on new investment tools and mechanisms currently being refined for activation on the Egyptian Exchange (EGX), most notably Short Selling, Market Maker and the development of derivatives market.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">Dr. Islam Azzam, FRA Chairman stated: \u201cFRA aims to diversify investment strategies and establish more dynamic, efficient pathways for market participants, boosting overall liquidity and deepening the market. We remain fully committed to deliver an integrated roadmap for capital market development to foster a more competitive and attractive investment landscape.&#8221;<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">FRA Chairman emphasized that raising awareness about new financial instruments remains a key focus. To address this, FRA is coordinating closely with the EGX, Misr for Central Clearing, Depository and Registry (MCDR) &#8211; \u00a0and market stakeholders to attract broader segments of domestic investors &#8211; including both institutional firms and retail investors, particularly youth under the age of 40, who are playing an increasingly vital role in driving growth across non-banking financial sector (NBFS) activities.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">Dr. \u00a0Islam Azzam highlighted the digital platform framework for Real Estate Investment Funds , a new investment vehicle enabling citizens to invest indirectly in income-generating real estate assets. This model allows investors to diversify their portfolios without requiring direct property ownership while simultaneously unlocking new financing channels for real estate developers and integrating new investor demographics into funds.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">To ensure institutional stability as a cornerstone of market competitiveness, FRA Chairman noted that the Authority is updating capital requirements, solvency rules and corporate governance standards. Financing companies are now required to implement Basel III standards, bolstering risk management capabilities, ensuring business sustainability and protecting consumer rights.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">Highlighting tech adoption across the sector, Dr. \u00a0Islam Azzam pointed out that the number of tech-enabled non-banking financial service providers reached over 73 companies by the end of last year, generating approximately 190,000 digital contracts and facilitating more than 345,000 Electronic Know-Your-Customer (E-KYC) verification transactions.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">He outlined FRA\u2019s comprehensive plan for full technical integration with regulated entities across all NBFS sectors. The initiative aims to build unified, real-time databases using the standardized eXtensible Business Reporting Language (XBRL), paving the way for artificial intelligence (AI) integration to analyze market data, generate indicators and streamline incorporation, licensing and listing procedures online.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">Members of the World Bank delegation commended the regulatory reforms and continuous product innovations underway within Egypt\u2019s non-banking financial markets, particularly the capital market. They highlighted the critical role these initiatives play in supporting the Egyptian economy and attracting sustainable investments, reaffirming their commitment to ongoing cooperation and knowledge exchange on international best practices.<\/p>\n<p dir=\"ltr\" style=\"text-align: left\">The meeting underscores the enduring partnership between FRA and the World Bank to advance Egypt&#8217;s capital market, insurance and financing sectors, maximizing their contribution to national economic growth and sustainable development goals.<\/p>\n","protected":false},"author":124,"featured_media":24382301,"parent":0,"template":"","format":"standard","categories":[142,144],"tags":[3742,3844,3910,5472],"fra_news_taxonomy":[2137],"news_paper_taxonomy":[],"_links":{"self":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news\/24401130"}],"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\/124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media\/24382301"}],"wp:attachment":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media?parent=24401130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/categories?post=24401130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/tags?post=24401130"},{"taxonomy":"fra_news_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news_taxonomy?post=24401130"},{"taxonomy":"news_paper_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/news_paper_taxonomy?post=24401130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}