Islam Azzam, Chairperson of Egypt's Financial Regulatory Authority, received a Russian delegation headed by Alexey Guznov to discuss prospects for cooperation in the insurance sector.
The meeting occurred on 13 June 2026 in the presence of FRA Deputy Chairperson Ahmed Abdel Aziz, Assistant Chairperson Mahmoud Gabrial and Adviser Abeer Saleh.
Both sides highlighted overlaps in their mandates covering insurance, finance and financial literacy. They also reviewed recent developments in non-banking financial markets in Egypt and Russia.
Azzam reaffirmed the FRA's commitment to international cooperation that supports growth, innovation and sustainable development. Guznov noted that advancing Egyptian-Russian relations create favourable conditions for expanded economic ties, supported by the political leadership of both countries.