Egypt: PM Meets FRA Chief to Review Financial Sector Plans

Prime Minister Mostafa Madbouli held talks with Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), to review the latest developments in the non-banking financial sector and its role in the economy.

During the meeting, Farid reviewed new regulations under the Insurance Law, including higher capital requirements for insurance firms, expanded coverage, and stricter investment rules aimed at strengthening the sector’s competitiveness.

Farid also stated that the FRA is organizing a…