الهيئة العامة للرقابة المالية

Dr. Islam Azzam, FRA Chairman received a high-level Russian delegation headed by Deputy Governor of the Central Bank of Russia Alexey Guznov. The meeting was attended by Dr. Ahmed Abdel Aziz, FRA  Vice-Chairman, Mr. Mahmoud Gabriel, Assistant to FRA Chairman and Ms. Abeer Saleh, Advisor to FRA Chairman.

The discussions focused on strengthening bilateral cooperation within the insurance sector and addressing mutual regulatory interests. The mandates of both the Central Bank of Russia and  FRA intersect across several core areas, including insurance, financing  and promotion of financial literacy.

Both parties reviewed recent developments within their respective non-banking financial markets. They explored strategic opportunities to expand coordination and knowledge exchange, leveraging both nations’ memberships in the BRICS bloc and  mutual understandings shared among member states.

Dr. Islam Azzam emphasized  FRA’s commitment to collaborate  with international regulatory and financial institutions. He noted that such partnerships ensure alignment with global developments, support the performance of non-banking financial activities in Egypt and drive the sector toward greater innovation and sustainable growth.

For his part, Mr. Alexey Guznov stated that Egyptian-Russian relations are witnessing continuous development across various levels, backed by the shared political will of both nations’ leaderships. This solid foundation, he added, enhances the prospects for constructive economic cooperation between Cairo and Moscow.

Concluding the meeting , both sides committed to ongoing dialogue on shared initiatives and exchanged commemorative gifts.