Arab Finance: The Minister of Investment and Foreign Trade Hassan El-Khaitb will be in charge of The Sovereign Fund of Egypt for Investment and Development, according to a decision by Prime Minister Moustafa Madbouly published in the Official Gazette.
The decision is effective as of October 25th.
On October 8th, the House of Representatives gave its final approval to a draft law, submitted by the government, amending some provisions of Law No. 177 of 2018 on the establishment of The Sovereign Fund of Egypt for Investment and Development.