FRA moving to activate futures exchange

FRA is inching toward a green light for the launch of a futures exchange: The Financial Regulatory Authority (FRA) finalizing decrees that will make possible the launch of futures in Egypt, the market regulator said in a statement. The creation of a futures market comes after amendments to the executive regulations of the Capital Markets Act issued last July opened the door to the introduction of new financial instruments. Among them: short-selling, futures and commodities exchanges, as well sukuk and green bonds.