Egyptians living abroad can now seamlessly invest in the Egyptian Exchange and diversified investment funds via advanced digital application, according to Mohamed Farid, Chairperson of Egypt’s Financial Regulatory Authority (FRA).
Speaking at the 6th Conference for Egyptians Abroad — an event inaugurated by Prime Minister Mostafa Madbouly and jointly organised by the Ministries of Foreign Affairs and Emigration — Farid underscored the FRA’s commitment to expanding flexible, integrated financial solutions tailored to the needs of the diaspora.
“Fintech has created unprecedented opportunities for Egyptians abroad to engage with non-banking financial tools safely and conveniently,” Farid said. “This not only strengthens their connection to their homeland but also opens new pathways for their active participation in Egypt’s national development plans.”
The FRA chief highlighted the critical role of the non-banking financial sector — encompassing insurance, financing, and investment services — as a foundational pillar of Egypt’s economic growth strategy. Through cutting-edge technology, Egyptians overseas can now partner with leading national companies across promising sectors and benefit from a wide array of investment products.
Among recent milestones, Farid pointed to the introduction of a personal accident insurance policy designed specifically for Egyptians abroad and their families. Following a significant increase in the maximum insurance payout to 250,000 Egyptian pounds, the number of insured individuals surged by 20% in July 2025 alone, bringing the total insured abroad to approximately 1.3 million by the end of that month.
The FRA has also disbursed around 10 million Egyptian pounds in compensation across 120 claims related to insured Egyptians living overseas.
Additionally, Farid drew attention to the groundbreaking launch in 2023 of Egypt’s first pension policy for citizens abroad — a fully digital product that provides supplementary retirement benefits and can be purchased electronically from anywhere in the world.
These developments form part of the FRA’s broader digitisation drive, which began in 2014 with the regulation of electronic insurance policy distribution and accelerated with the enforcement of Law No. 5 of 2022. This legislation establishes the regulatory framework for integrating technology into non-banking financial activities, further enabling digital innovation in Egypt’s financial sector.
As Egypt’s diaspora continues to grow in influence and economic contribution, these efforts aim to enhance financial inclusion, increase investment flows, and deepen the engagement of Egyptians abroad in the nation’s economic trajectory.
