** #3 Egypt’s SWF to be managed by Egyptian: The Planning Ministry committee charged with selecting the manager of Egypt’s EGP 200 bn sovereign wealth fund has reportedly decided to hire an Egyptian, ministry sources tell Al Masry Al Youm. Egyptians who were in the running to head the new fund have proven to be more than qualified for the job, leading to a hiring preference for a national, the sources added. A short list of names has already been selected from a pool of 220 and will be sent to the Madbouly Cabinet for approval. Egypt will announce the CEO of its new sovereign wealth fund in a month and half’s time, Planning Minister Hala El Said said last week.

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