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 Dr. Islam Azzam, Chairman of the Financial Regulatory Authority (FRA), met with Dr. Solafa Gewaily, Executive Director of the National Training Academy (NTA), to discuss avenues of joint cooperation. The meeting, which aligns with the FRA's strategy to spread awareness and build capacities, was attended by Dr. Taher Nasr, Deputy Executive Director of the NTA; Dr. Mohamed Abdel Aziz, Assistant Chairman of the FRA; and Dr. Tarek Seif, Executive Director of the Financial Services Institute (FSI).

Dr. Azzam praised the significant national contribution of the NTA, guided by the directives of H.E. the President of the Republic, in supporting state plans to develop institutional performance.

He highlighted the FRA's ongoing efforts to build human capacities within the non-banking financial sectors through the FSI and partnerships with various specialized educational institutions locally and internationally. He noted that these efforts positively impact the competitiveness of the activities regulated by the Authority.

Furthermore, Azzam emphasized the FRA's dedication to expanding financial education by bridging theoretical and practical concepts for students and youth of all ages. This is achieved through the "I invest" platform, university training programs, and the recent collaboration with the Ministry of Education to incorporate non-banking financial literacy into the second-year high school curriculum. He pointed out that the continuous rise in the number of young participants in the capital market and investment funds necessitates greater focus on training and disseminating accurate concepts and reliable information.

Dr. Azzam also reviewed the FRA's efforts to stimulate innovation and leverage financial technology (Fintech) and Artificial Intelligence (AI) to introduce new services. He stressed that the sustainability of non-banking financial activities and their maximized contribution to the national economy depend primarily on increasing specialized cadres and providing continuous education for both industry professionals and the public.

Enhancing Performance Efficiency and Cadre Readiness On her part, Dr. Solafa Gewaily showcased the vital role the NTA plays in enhancing human and institutional capacities, which contributes to raising performance efficiency and the readiness of cadres in national institutions. She detailed the Academy's strategic objectives and its diverse programs aimed at developing the state's administrative apparatus.

She explained the latest developments in the Academy's programs and training tracks, emphasizing the NTA management's commitment to blending knowledge enrichment, general culture, specialized technical training, and soft skills development. She also highlighted the Academy's capability to design customized programs tailored to the interests and needs of various government entities.

Both sides agreed to intensify consultations in the coming period to define collaboration mechanisms, particularly in educating youth and children about non-banking financial services and solutions, and facilitating their engagement and investment in them.