}

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FRA grants 8 companies license to operate in non-banking financial activities

The Financial Regulatory Authority (FRA), headed by Islam Azzam, granted licenses to eight companies to conduct non-banking financial activities

Updated 5/24/2026 8:59:00 AM
FRA to launch AI-powered digital system linking regulated financial sectors

Islam Azzam, Chairman of the Financial Regulatory Authority (FRA), emphasized full commitment to launching a comprehensive and advanced electronic system linking the authority with all non-banking financial sectors under its supervision.

Updated 5/13/2026 9:24:00 AM
Madbouly names Islam Azzam as GAFI's expert board member

Prime Minister Mostafa Madbouly issued Decree No. 1432 of 2026, appointing Islam Azzam as an expert board member of the General Authority for Investment and Free Zones (GAFI), replacing Tarek Shoukry.

Updated 5/10/2026 3:21:00 PM