Egypt’s SWF to launch in October

Egypt_mapEgypt's long awaited sovereign wealth fund will go live in October according to the country's minister of finance. Speaking at an industry conference, Mohamed Madit also said that Egypt is looking to establish a national pension fund. Together the two state-run funds will serve as a critical tool in managing the country's economy in the forthcoming years, said Madit. The inaugural SWF is expected to manage $90 billion over the next seven years. Madit said that 70% of the SWF's capital will be used to fund governmental projects and manage state-owned assets with the remainder invested in other sectors. ©2019 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.