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SWF regulations to come into force immediately: planning minister

The issued framework for the planned EGP 200bn sovereign wealth fund (SWF), will come into force immediately, according to a report issued by the Minister of Planning and Administrative Reform, Hala Al-Saeed, on Sunday. According to the regulations published on Saturday in the Official Gazette, the fund, entitled “Misr Fund” would be an independent body …

Daily News Egypt

Floating companies on EGX during Q4 2018: Al Saeed

Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed said that the programme of the government IPOs is due to begin in the last quarter of 2018. Al-Saeed said in a press statement on the sidelines of the Egypt Government Excellence Conference held in cooperation with the United Arab Emirates, that there is no delay …

Ahmed Farahat

40% of Egyptian women to participate in labour market by 2030: Al-Saeed

Egypt’s Minister of Planning Hala Al-Saeed said on Saturday that the the Sustainable Development Strategy: Egypt Vision 2030 targets raising the participation rate of women in the labour market to 35% by 2020 and to 40% by 2030. She made the remarks during her meeting on Saturday with the UN Women country representative in Egypt, …

Nihal Samir

NIB sends Finance Ministry 13 companies to float on EGX: El-Saeed

Hala Al-Saeed, minister of planning and chairperson of the National Investment Bank (NIB), said that several days ago, the bank sent the Ministry of Finance a programme of proposals for the Egyptian Exchange (EGX) of 13 companies belonging to different economic sectors. Finance Minister Amr El-Garhy said in previous statements that the ministry aims to …

Ahmed Farahat

58% targeted investments from private sector: Hala Al-Saeed

Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed said that her ministry aims to boost private sector contribution in investments to 58% of the total investment, worth EGP 980bn, during the coming fiscal year. According to the minister, the value of private investments for fiscal year 2018/2019 will be about EGP 569bn, with public …

Ahmed Farahat

EGP 1.627bn allocated to restart urgent, stalled projects

Minister of Planning, Follow-up, and Administrative Reform Hala Al-Saeed approved the allocation of EGP 1.627bn on Wednesday for required investments to implement stalled and urgent projects across different governorates. In a press statement, Al-Saeed announced that this comes withing the framework of the state’s assistance for stalled projects, so they can contribute to the economy …

Mohamed Samir

5.2% GDP growth in Q1 2017: minister of planning

Minister of Planning Hala Al-Saeed announced, at a Wednesday press conference, that Egypt’s gross domestic product (GDP) growth registered 5.2% in the first quarter (Q1) of fiscal year (FY) 2017/18. Al-Saeed explained that GDP is on a growth path due to the fact that an approximately 3% increase in investment inflows was achieved during the …

Mohamed Samir