Egypt has appointed Islam Azzam as the acting chairperson of the Financial Regulatory Authority (FRA) under Presidential Decree No. 10 of 2009, which governs the regulation of non-banking financial markets and instruments. Azzam brings extensive experience in non-banking financial markets, regulation, and oversight. During that period, he oversaw the capital market, insurance, and non-banking financial sectors. The FRA is the sole body responsible for regulating and supervising non-banking financial markets in Egypt.

Source: Daily News Egypt March 09, 2026 18:20 UTC