Islam Azzam, Chairperson of the Monetary Regulatory Authority (FRA), won a Russian delegation headed by means of Alexey Guznov, Deputy Governor of the Central Financial institution of Russia, within the presence of Ahmed Abdel Aziz, Deputy Chairperson of the FRA; Mahmoud Gabrial, Assistant Chairperson of the Authority; and Abeer Saleh, Adviser to the FRA Chairperson.
All through the assembly, the 2 facets mentioned possibilities for cooperation within the insurance coverage sector and different spaces of mutual hobby. The discussions highlighted the overlap between the mandates of the Central Financial institution of Russia and Egypt’s Monetary Regulatory Authority in numerous fields, together with insurance coverage, finance, and the promotion of economic literacy.
The assembly additionally reviewed contemporary trends in non-banking monetary markets in each Egypt and Russia, in addition to alternatives to give a boost to coordination and trade experience, specifically in mild of each nations’ club within the BRICS grouping and the shared targets amongst its member states.
Azzam reaffirmed the FRA’s dedication to improving cooperation with global regulatory and fiscal establishments in a way that helps to keep tempo with world trends, helps the expansion of non-banking monetary actions in Egypt, and promotes innovation and sustainable construction around the sector.
For his section, Guznov stated Egyptian-Russian members of the family proceed to advance throughout more than a few fields, supported by means of the shared dedication of the political management in each nations. He famous that this momentum creates beneficial prerequisites for increasing financial cooperation and strengthening ties between Cairo and Moscow.
