The Dubai Financial Services Authority has signed a memorandum of understanding with the Central Bank of Egypt to step up co-operation between both institutions in the suppression of financial crime and the consolidated supervision of firms that operate in both markets.

Bryan Stirewalt, the chief executive of the DFSA, and Tarek Amer, the Governor of the Central Bank of Egypt, signed different copies of the document while in their home jurisdictions. Stirewalt named "investor confidence" as one of its goals; Amer was more concerned about the exchange of information, the safety and soundness of banks, the sharing of experience between regluators in both organisations and supervisory training.

In September 2006, the Capital Markets Authority of Egypt (the predecessor to the Egyptian Financial Supervisory Authority) was the first regulator outside the United Arab Emirates to sign a MoU with the DFSA. In 2014, the DFSA signed a MoU with the newly-established Egyptian Financial Supervisory Authority, which has sweeping powers over non-banking financial markets and instruments, including capital markets, securities exchange, insurance services and mortgage finance.
 
This agreement is the seventh MoU signed by the DFSA with a regional central bank. Most recently, in March 2019, the DFSA signed a MoU with Bank Al Maghrib, in addition to MoUs with the Central Bank of Bahrain and the Central Bank of Oman in 2018. This builds upon MoUs signed with the Central Bank of the UAE in 2009, Banque Du Liban in 2013, and the Central Bank of Jordan in 2007.

The DFSA has signed 110 'bilateral' (one-to-one) MoUs with regulators and five multilateral MoUs that involve international financial standard-setters such as the Financial Action Task Force.