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.
Algeria's Sonatrach and China's Sinopec have entered into an $850 million hydrocarbon exploration and development contract,
The latest proposal for Gaza’s future envisions Egypt taking over the territory for 15 years eventually transferring contol over
Tunisia has severed communication with the International Monetary Fund (IMF), with President Kais Saied accusing the institution of infringing on
Libya’s Prime Minister of the Government of National Unity, Abdul Hamid Dbeibah, and the President of Somalia, Hassan Sheikh
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