President Abdel Fattah El-Sisi renewed Mohamed Farid's appointment as acting chairman of Egypt's Financial Regulatory Authority (FRA) for a fourth term, granting him ministerial rank, according to a presidential decree issued Thursday. Farid's one-year extension begins August 7, 2025, under decree No. 421 of 2025. He will continue overseeing regulatory reforms and financial sector supervision as Egypt pushes to deepen capital markets and attract investment. Attribution: Amwal Al Ghad English