Egypt - The Egyptian Exchange (EGX) has launched the first center to support innovative financial technology solutions for non-banking activities under the name of "CORBEH", in partnership with the Financial Regulatory Authority (FRA), according to an emailed press release on March 19th.

The center aims at incubating and sponsoring new technologies that bolster the role of non-banking financial activities in supporting the national economy.

This announcement came during the participation of both Chairman of the EGX Rami El-Dokany and FRA’s Chairman Mohamed Farid in the RiseUp Summit 2023.

El-Dokany encouraged the entrepreneurs participating in the summit to invest in the EGX and benefit from the advantages offered by the trading and investment platforms that use modern financial technology applications.

RiseUp Summit 2023, the largest innovation and entrepreneurship summit in the MENA region, took place in at the Grand Egyptian Museum from March 16th to 18th.

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