Egypt’s foreign reserves rise to $57.35 bln in September: CBE
The prime minister further said protecting the rights of participants in the sector is a top state priority, as reflected in the regulatory framework governing its activities and the successive decisions issued by the FRA, in line with market developments and the growing number of beneficiaries of the sector’s various activities, including insurance and non-banking finance.
The prime minister also highlighted the sector’s role in providing citizens with safe investment avenues under the full supervision of the Financial Regulatory Authority (FRA), particularly through the Egyptian Exchange (EGX) and licensed investment funds.
Prime Minister Mostafa Madbouly affirmed the State’s commitment to developing the non-banking financial sector in its various activities given its vital role in driving the national economy, attracting investment and expanding the participation of the domestic and foreign private sectors.
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