Regulation, Risk & Compliance
Sovereign wealth
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Egypt wants to raise its sovereign wealth fund’s capital to $63bln
The government of Egypt is seeking to increase the capital of its social wealth fund to EGP1,000 billion ($63.3 billion) from the current EGP200 billion ($12.6 billion). The announcement was made yesterday by the Minister of Planning and Economic Development, Hala el-Saeed, in London, on the sidelines of the Africa-UK…
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Click here to read the full story: Ecofin Agency