#1- Farid secures a third term as FRA head: Mohamed Farid has been reappointed head of the Financial Regulatory Authority (FRA) for another one-year term under a presidential decree, according to a statement from the authority. Farid has been heading the authority since August 2022 and previously served as head of the EGX.

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On his agenda for year three: The FRA will “complete the reform and development process to strengthen the role of the non-banking financial sector in the national economy and support the objectives of comprehensive development plans,” Farid said.

#2- Vaalco welcomes a new Egypt country manager: US-based energy player Vaalco Energy has appointed Iman Hill (LinkedIn) as the company’s new Egypt country manager, the company said in a statement. Hill has almost 30 years of expertise in the energy field, having worked for energy giants such as Shell, Dana Gas, and Energean.

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