Sovereign Fund

Gov't signs 7 agreements with int'l developers for green hydrogen, renewable energy projects

Wed, 28 Feb 2024 - 06:22 GMT

Egyptian Prime Minister Dr. Mostafa Madbouly witnessed Wednesday the signing ceremony of 7 cooperation agreements in the fields of green hydrogen and renewable energy.

President Sisi orders to keep Sovereign Fund effective to optimize investment opportunities

Sun, 13 Aug 2023 - 04:00 GMT

During the meeting, President Sisi was briefed on all projects and activities of the Sovereign Fund of Egypt, which aims to increase the volume of investments in Egypt, Fahmy added.

Egypt's Sovereign Fund ranks 12th in Arab World

Thu, 20 Jul 2023 - 08:09 GMT

The Sovereign Fund is the investment arm of the state; it aims to promote investment opportunities available in Egypt, focusing on implementing the state’s strategy to work to attract investments from the Egyptian and foreign private sectors.

Oman identifies priority sectors for joint investment with Sovereign Fund of Egypt

Wed, 24 May 2023 - 08:29 GMT

The Sultanate of Oman has identified a number of priority sectors for joint investment with the Sovereign Fund of Egypt in Egypt.

Gulf investments in government companies to reach $4B: Sovereign Fund

Mon, 06 Mar 2023 - 02:43 GMT

Egypt will float shares of about 23 government-owned companies during the current year, whether through the stock exchange or sale to a strategic investor.

Egypt aims to double capital of sovereign fund to reach LE400B

Wed, 26 Oct 2022 - 03:40 GMT

El-Said indicated that there is a target for the sovereign fund's capital to reach LE 1 trillion within five years.

Egypt's Sovereign Fund, EEP acquire majority stake in Selah ElTelmez Company

Tue, 18 Oct 2022 - 03:45 GMT

Under the deal, the sovereign fund will acquire a minority stake in the student arm.

Egypt's Sovereign Fund: Signing 7 agreements with investors to produce green hydrogen

Sun, 29 May 2022 - 02:27 GMT

He pointed out that the fund continues to offer and create more new opportunities in the field of green hydrogen, especially as it has become one of the most important sectors in the world.

Malta, Egypt, France and Spain sovereign funds establish collaboration network to disclose investment opportunities

Thu, 31 Mar 2022 - 04:47 GMT

The company added in a statement, Thursday, that the Spanish Development Finance Corporation has signed a memorandum of understanding with the three parties with the intention of becoming a member of the Foundation for Sovereign Wealth Funds in Europe, the Middle East and North Africa (EMENA).

ADQ, Egypt's Sovereign Fund follow up on joint investments

Tue, 26 Jan 2021 - 11:21 GMT

The meeting also reviewed the results of studies on attracting Arab and foreign investments to joint projects.

Egypt’s Sovereign Fund to partner with Senegalese counterpart

Mon, 11 Jan 2021 - 09:02 GMT

The Senegalese ambassador highlighted that several opportunities for joint investments are available in Senegal, especially after the oil discoveries that have been made in recent years.

Egyptian president urges facing economic challenges due to coronavirus

Mon, 22 Jun 2020 - 10:48 GMT

Sisi called for providing food products and medical supplies and urged the government to benefit from the experience of international financing institutions in obtaining financial and technical support to the Egyptian economy.

Egypt targets adding LE50-60B of exploited assets at disposal of Sovereign Fund

Mon, 08 Jun 2020 - 04:29 GMT

Soliman added that the fund is working on preparing a second stage of transferring the exploited and untapped assets.

Egyptian Sovereign Fund chief receives bt100 award

Tue, 03 Mar 2020 - 07:39 GMT

Chief Executive Officer of Egypt's Sovereign Wealth Fund Ayman Soliman received an award from leading economics magazine Business Today, during the annual BT100 ceremony that honors top influential figures and companies positively impacting the Egyptian e

Egypt to rise Sovereign Fund’s issued capital to LE 1T: Minister

Tue, 21 Jan 2020 - 01:59 GMT

Saeed added in a statement that the establishment of Egypt's Sovereign Fund comes as one of the effective partnership mechanisms between the public and private sectors.

Live Coverage: Euromoney themed ‘Resilience, Agility’ kicks off in Cairo

Tue, 04 Sep 2018 - 09:01 GMT

The 28th Euromoney Conference in Cairo themed resilience and agility kicked off on Tuesday.

Legal, economic experts to develop statute of Egypt's sovereign fund

Thu, 23 Aug 2018 - 12:08 GMT

The committee will include a raft of legal and economic experts, Saeed said in a statement.

Consortium of 3 companies to set basic regulations of Sovereign Fund

Tue, 31 Jul 2018 - 10:35 GMT

The minister of planning said the consortium is preparing the basic regulations of the Sovereign Fund, and will end its work within weeks.

Egypt to launch 1st sovereign fund by end-2018: al-Saeed

Fri, 08 Jun 2018 - 09:32 GMT

Egypt plans to launch its first sovereign fund by the end of the year, Hala al-Saeed, acting planning minister, said

Asset’s sovereign fund improves Egypt's competitive position: Min.

Thu, 12 Apr 2018 - 12:34 GMT

Establishing a sovereign wealth fund to manage state assets aims to contribute to the sustainable development and optimal use of public resources.