Golden Coast Company Consider Releasing First Green Sukuk Issue in Egypt

Local media sources stated that Golden Coast Company, a subsidiary of Golden Pyramids Plaza is considering and studying the possibility of releasing its first green sukuk (Islamic bond) in Egypt. According to Amwal Al Ghad’s website, the media reports also mentioned that the 8 billion Egyptian pounds ($259 million) issuance will be used to fund […]

Egypt’s financial regulator sets up a committee to oversee carbon emissions cutting units

The Egyptian Financial Regulatory Authority (FRA) is establishing the Supervisory and Control Committee on Carbon Emissions Reduction Units and their terms of reference. Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), issued two resolutions No. 57 and 58 of 2023 to set up the new committee. According to the new decision, the committee is […]