الهيئة العامة للرقابة المالية

Dr. Islam Azzam – FRA Chairman:

“Enhancing the non-banking financial sector’s contribution to the national economy depends first and foremost on capacity building and continuous awareness.”

Dr. Islam Azzam, FRA Chairman visited the National Training Academy (NTA) where he met with Dr. Solafa Goueli, the Academy’s Executive Director, to discuss mutual cooperation aligned with the Authority’s strategy to expand public awareness and build institutional capacity. Dr. Taher Nasr, Deputy Executive Director of the NTA; Dr. Mohamed Abdelaziz, Assistant to FRA Chairman; and Dr. Tarek Seif, Executive Director of the Financial Services Institute (FSI) attended the meeting.

Dr. Islam Azzam praised the Academy’s significant national contributions, driven by the directives of His Excellency the President of the Republic, to support the state’s broader framework for enhancing institutional performance.

He highlighted FRA’s ongoing commitment to develop human capital within the non-banking financial sector. The Financial Services Institute (FSI) in partnership spearheads these initiatives with numerous specialized educational institutions globally and domestically—ultimately driving greater competitiveness across all activities regulated by the Authority.

FRA Chairman underscored the Authority’s commitment to enhance financial literacy and awareness by bridging the gap between theoretical concepts and practical applications for youth. This objective is being driven through the Authority’s “I Invest” digital platform and specialized university training programs, alongside a recent partnership with the Ministry of Education to integrate non-banking financial literacy into the secondary school curriculum. Dr.  Islam Azzam concluded by noting that the steady influx of young investors into the capital market and mutual funds necessitates a heightened focus on high-quality training, accurate financial concepts and access to reliable data.

FRA Chairman also discussed the Authority’s efforts to stimulate innovation and deploy financial technology (fintech) and artificial intelligence to create new services. He emphasized that the sustainability of non-banking financial activities and the maximization of their contribution to the national economy depend primarily on expanding the pool of specialized talent and ensuring the continuous education of both industry professionals and the public.

For her part, Dr.  Solafa Goueli, Executive Director of the National Training Academy (NTA), reviewed the vital role the Academy plays in enhancing human and institutional capabilities, thereby contributing to higher efficiency and readiness among professionals in national institutions. She outlined the Academy’s strategic objectives and the details of its diverse programs aimed at developing the state’s administrative apparatus.

She further explained the latest updates in the Academy’s training tracks and efficiency-building initiatives. She highlighted the management’s focus on balancing knowledge enrichment, general culture, specialized technical training and soft skills development, alongside the ability to design tailored programs based on the specific interests and requirements of government entities.

Concluding the meeting, both sides will step up strategic consultations to launch joint initiatives aimed at boosting financial literacy among youth, streamlining access to non-banking financial services and fostering investment.