In a bold move to modernize financial dispute resolution, Mohamed Farid, Chairperson of Egypt’s Financial Regulatory Authority (FRA), announced the country’s first steps toward digital arbitration frameworks during his keynote at the inaugural Egyptian Arbitration Day.
Hosted by the Egyptian Center for Voluntary Arbitration and Non-Banking Financial Dispute Resolution, the event carried the theme: “Bridging Business with Solutions and Facilitation”, signaling a new era of investor protection and legal modernization in Egypt’s non-banking financial markets.
FRA to Propose Bylaw Amendments:
Farid revealed that the FRA will submit new bylaws—pending Cabinet approval—to enable fully digital arbitration procedures, using secure electronic platforms The Center operates under Presidential Decree No. 335/2019 and Law No. 10/2009, reinforcing its legitimacy and role in the legal financial architecture.
Justice System Integration & Legal Support
Minister of Justice Adnan Fanjari reiterated the government’s dedication to creating an adaptive legal framework aligned with market shifts. This is in addition to providing timely, effective justice to support both domestic and foreign investors.
Center’s Strategic Role and Regional Ambition
Marian Kaldas, Executive Director of the Center, said the Arbitration Day marks a “foundational moment” in Egypt’s legal and economic development trajectory. She outlined the Center’s mission to:
- Promote alternative dispute resolution (ADR) tools, including arbitration and mediation.
- Enhance financial literacy and legal awareness.
- Position Egypt as a regional arbitration hub in MENA.
“Our goal is not just quicker settlements—but smarter, fairer outcomes powered by legal expertise and digital innovation,” said Kaldas.
Arbitration for the New Economy
Egypt’s non-banking financial sector—which includes capital markets, insurance, leasing, factoring, and fintech—has grown steadily in recent years. With increasing deal complexity and cross-border transactions, traditional litigation is often too slow or costly.
The move toward digitized, specialized arbitration platforms is not merely administrative—it’s a strategic enabler of Egypt’s Vision 2030 goals and a core pillar of building global investor confidence.
