Egypt is set to transfer management of state-owned enterprises to its sovereign wealth fund, aiming to enhance returns on state assets, Investment Minister Hassan El Khatib announced Wednesday. This move is part of a broader divestment program to strengthen private sector involvement, a stipulation linked to an $8 billion IMF loan extension. Khatib detailed the strategy at the Investopia 2025 conference in Abu Dhabi, indicating the transfer will occur in phases.
In a recent local Egyptian television interview with Foreign Minister Badr Abdelatty, he stated that “Egypt had utilized all peaceful
As part of a trip by leading Saudi financiers and government representatives, to both Mauritania and Morocco, the forum, which
Egypt’s Agiba Petroleum Company, a joint venture between EGPC and Italy’s Eni, has discovered a new oil field,
For years, Egypt reaped major benefits from natural gas discoveries in the Eastern Mediterranean, becoming a key regional energy hub
Sign up for the weekly newsletter and get our latest stories delivered straight to your inbox.
