Close ad

Egypt finance minister urges insurers to be part of green economy

MENA , Tuesday 4 Oct 2022

Minister of Finance Mohamed Maait called on insurers to contribute to speeding up the transition to a green economy and to invest in green bonds in order to make the insurance industry a part of the solution for the global climate crisis.

Mohamed Maait
Minister of Finance Mohamed Maait

 

Maait's remarks were delivered by his deputy for treasury affairs Ehab Abu-Aish during the the fourth Annual Sharm El-Sheikh Insurance and Reinsurance Rendezvous.

Abu-Aish noted that the government is keen to offer all forms of support to the insurance industry, including tax breaks, increasing mandating of  insurance, and more support to pension funds.

​Egypt is to host the 2022 UN Climate Change Conference (COP27) in Sharm El-Sheikh 6-18 November.

Short link:

 

Also In Economy

# Egypt targets 19% increase in revenues in upcoming FY2025/26
# Egypt GDP growth rebounds to 4.3% in Q2 of FY2024/2025
# InstaPay to apply charges starting 1 April
# Explainer: All you need to know about Egypt-IFC partnership to improve airports
# Egypt on the way to another inevitable fuel price hike
# Egypt CBE sells T-bills worth EGP 141.2 bln
# Stock market today: Wall Street drifts on signals of solid US economy
# US Federal Reserve keeps key interest rate unchanged
#