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Egypt, Kazakhstan ink MoU on co-operation in non-banking financial services
The Egyptian Gazette Published in The Egyptian Gazette on 04 - 07 - 2018

CAIRO, July 4, 2018 (MENA) - The Financial Regulatory Authority (FRA) and Astana Financial Services Authority (AFSA) inked a memorandum of understanding on co-operation and consultations in the field of non-banking financial activities of insurance and capital market.
Chairman of the Financial Regulatory Authority (FRA) Mohammed Omran and AFSA CEO Stephen Glynn inked the MoU which comes as part of the activities of launching Astana International Financial Centre (AIFC).
In a statement of FRA on Wednesday, Omran said that both sides expressed their desire in monitoring and regulating the transborder activities of the capital market and the insurance sector on the basis of mutual confidence and understanding.
Orman lauded the rate of growth of the green economy in Astana, adding that Egypt would be benefiting from Astana's experience in that field.
The MoU aims at boosting financial performance in both countries.
The Astana Financial Services Authority (AFSA) was launched on 1 January 2018 as the independent regulator of the Astana International Financial Centre (AIFC).

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