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.
Egypt has deployed M60 Patton and M1A1 Abrams tanks in central Sinai near the Israeli border, Israeli media reported, citing
Unseasonably mild temperatures in Egypt are temporarily reducing the country’s need for liquefied natural gas (LNG) imports, offering a
Following divestures in Africa and the Middle East, UK-based Standard Chartered is exploring opportunities to establish operations in Morocco, according
According to the French presidency. President Emmanuel Macron, U.S. President Donald Trump, Egyptian President Abdel Fattah al-Sisi and Jordan&
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