The Egyptian government has merged three major authorities to create the General Authority for Financial Supervision (GAFS) to oversee all non-banking financial markets as part of a process to reform and develop the country's financial sector.
2.
Syria withdraws Noor Takaful licence
After providing extensions and opportunities to Noor Takaful to meet the necessary requirements, the Syrian Insurance Supervisory Commission (SISC) has decided to withdraw its licence, and refund shareholders and subscribers.
3.
Qatarlyst goes live
Qatar Financial Centre Authority's recently unveiled insurance system, Qatarlyst, has begun its operations aimed at supporting trading between insurers, reinsurers, brokers and other reinsurance professionals.
