News

Egypt sets $11bn FDI target

The Egyptian government is looking to increase its foreign direct investment by more than 40% and create 750,000 jobs in the current fiscal year as part of a five year development plan. Egypt raised $7.9 billion in FDI in the last fiscal year, ending June 2018 and is now looking to reach an $11 billion target. Planning minister Hala al-Saeed has also forecast a rise in economic growth to 8% for the 2021-22 fiscal year, up from the 5.8% forecast for 2018-19.  The plan is also aiming to raise non-oil exports by an annual average 13% to $35 billion and increase average savings to 23% by 2021-22. Earlier this year the Egyptian government approved a bill to establish its first sovereign wealth fund with $11.3 billion in initial capital. ©2018 funds global mena

Executive Interviews

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

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

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...

Roundtables

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.