FRA introduces new regulatory framework to boost takaful insurance market

The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has issued Decision No. 70 of 2026 regulating the rules, standards, and controls governing companies licensed to practise takaful insurance activities in Egypt. The move is aimed at revitalising the takaful insurance market and stimulating sector growth in line with the…

Ajna, Manara partner on phase four of Carnelia in Galala

Ajna Developments has signed a partnership agreement with Manara Developments to develop Phase Four of the Carnelia project in Galala City, Ain Sokhna. Under the agreement, Manara will oversee the development and marketing of the fourth phase, while Ajna continues managing and operating the overall project. Osama Shalaby, Chairperson of…