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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.

Prime Minister Appoints Dr. Islam Azzam to Economic Ministerial Group

Prime Minister Dr. Mostafa Madbouly issued Decree No. 1013 of 2026 defining the composition of the Economic Ministerial Group, which includes the FRA Chairman alongside the CBE Governor, Finance Minister, and other senior officials. The Decree mandates weekly meetings for the Group with flexibility to convene as circumstances require. Dr. Islam Azzam, appointed FRA Chairman in March 2026, joins the Group bringing expertise from his prior roles including FRA Vice Chairman and EGX Chairman.