Egypt Insurance Authority

Prime Minister Decree 1013 of 2026 Establishes Economic Ministerial Group with FRA Chairman

Prime Minister Dr. Mostafa Madbouly issued Decree No. 1013 of 2026 establishing the composition and mandates of the Economic Ministerial Group, chaired by the Prime Minister and comprising the Deputy Prime Minister for Economic Affairs, Governor of the Central Bank of Egypt, and six ministers including Finance, Investment and Foreign Trade, and Industry, alongside the Chairman of the Financial Regulatory Authority. Dr. Islam Azzam, who was appointed FRA Chairman in March 2026 pursuant to Presidential Decree No. 116 of 2026, has joined the Group, bringing extensive expertise in financial regulation, capital markets, insurance, and non-banking financial services.

FRA and Arab Academy Partner for Postgraduate Financial Programs

The Financial Regulatory Authority (FRA) of Egypt and the Arab Academy for Management, Banking and Financial Sciences (AAMBFS) signed a strategic cooperation protocol on April 18, 2026, establishing specialized postgraduate programs for FRA staff and non-banking financial sector employees. The agreement includes MBA programs in Arabic and English as well as Professional Doctorates (DBA), with partial scholarships and flexible payment systems to support career advancement. A joint steering committee will oversee implementation over an initial two-year renewable term.

FRA and Youth Ministry Discuss Financial Literacy Cooperation

Dr. Islam Azzam, FRA Chairman, met Minister of Youth and Sports Gohar Nabil on 16 April 2026 to discuss cooperation frameworks for youth financial literacy and economic empowerment in Egypt. The meeting aligned with Sustainable Development Goals and Egypt Vision 2030, with both parties committing to cross-institutional integration to expand financial inclusion for Egyptian youth.