The Clap Dr. Mostafa Madbouly, Prime Minister of Egypt, issued a decision to shuffle the management board for the next 4 years and hired new vice presidents for the FRA. In addition to that, he hired several economic experts as well as one of the CBE’s deputy governors.
The Deets The Prime Minister hired Dr. Islam Azzam and Dr. Ahmed El Sheikh as Vice Presidents to Dr. Mohamed Farid, in addition to hiring one of the CBE’s deputy governors to be selected by the governor himself, and 4 economic and legal experts.
Dr. Mohamed Farid expressed his satisfaction with the people chosen.
Why this Matters The FRA board of management holds the highest authority and is responsible for organizing and managing all the affairs of the FRA, and setting the necessary policies to achieve its objectives.