{"id":601484,"date":"2019-03-03T04:24:14","date_gmt":"2019-03-03T04:24:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-issues-framework-for-planned-sovereign-wealth-fund\/"},"modified":"2019-03-03T04:24:14","modified_gmt":"2019-03-03T04:24:14","slug":"egypt-issues-framework-for-planned-sovereign-wealth-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-issues-framework-for-planned-sovereign-wealth-fund\/","title":{"rendered":"Egypt issues framework for planned sovereign wealth fund"},"content":{"rendered":"

<\/a> REGULATION WATCH- Gov\u2019t issues framework for planned sovereign wealth fund:<\/b> The government has issued the framework for the planned EGP 200 bn sovereign wealth fund (SWF), identifying it as an independent body in terms of administration, financing, and legality, according to the Official Gazette (pdf).<\/a> The SWF, which is meant to contribute to sustainable economic development, is mandated with the establishment or capital increase of companies or funds; investing in securities and financial instruments; securing credit facilities; issuing bonds and other financial and debt instruments; purchase, sell, lease, or exploit fixed assets; and loan or guarantee investment funds and their affiliated companies. The decree requires the SWF to ensure its investment policy is consistent with top notch environmental, social responsibility and governance practices.<\/p>\n

Bylaws are on their way:<\/b> Planning Minister Hala El Said had said in January<\/a> that the bylaws and regulations of the fund would be completed and made public by the end of the month. The domestic press reported<\/a> last month that four candidates, whose names have been sent to Cabinet, were being considered to head the fund, and that a decision would be made within weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"

REGULATION WATCH- Gov\u2019t issues framework for planned sovereign wealth fund: The government has issued the framework for the planned EGP 200 bn sovereign wealth fund (SWF), identifying it as an independent body in terms of administration, financing, and legality, according to the Official Gazette (pdf). The SWF, which is meant to contribute to sustainable economic […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,343,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601484","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-regulation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e97f558c-e736-4af3-ac61-b62316142f8a","is_powered_by":true,"section_story_id":"e3c53631-9fb2-432f-9c60-ee80a356094d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601475],"teaser":"","voice_url":""},"yoast_head":"\nEgypt issues framework for planned sovereign wealth fund - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-issues-framework-for-planned-sovereign-wealth-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt issues framework for planned sovereign wealth fund\" \/>\n<meta property=\"og:description\" content=\"REGULATION WATCH- Gov\u2019t issues framework for planned sovereign wealth fund: The government has issued the framework for the planned EGP 200 bn sovereign wealth fund (SWF), identifying it as an independent body in terms of administration, financing, and legality, according to the Official Gazette (pdf). The SWF, which is meant to contribute to sustainable economic […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-issues-framework-for-planned-sovereign-wealth-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-03T04:24:14+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-issues-framework-for-planned-sovereign-wealth-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-issues-framework-for-planned-sovereign-wealth-fund\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt issues framework for planned sovereign wealth fund\",\"datePublished\":\"2019-03-03T04:24:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-issues-framework-for-planned-sovereign-wealth-fund\/\"},\"wordCount\":197,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"regulation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-issues-framework-for-planned-sovereign-wealth-fund\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypt-issues-framework-for-planned-sovereign-wealth-fund\/\",\"name\":\"Egypt issues framework for planned sovereign wealth fund - 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Egyptians who were in the running to head the new\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571848,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/02\/sovereign-fund-of-egypt-enters-swf-global-rankings-at-43\/","url_meta":{"origin":601484,"position":2},"title":"Sovereign Fund of Egypt enters SWF global rankings at #43","author":"enterpriseam admin","date":"2 June 2020","format":false,"excerpt":"Sovereign Fund of Egypt enters SWF global rankings at # 43: The Sovereign Fund of Egypt (SFE) ranks 43rd out of the world's 93 sovereign wealth funds in the Sovereign Wealth Fund Institute\u2019s (SWFI) latest rankings. The fund currently owns assets worth almost USD 12 bn, accounting for 0.14% of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625180,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/30\/220-people-want-to-run-our-swf-exec-regs-should-be-in-front-of-pm-by-mid-october\/","url_meta":{"origin":601484,"position":3},"title":"220 people want to run our SWF; exec regs should be in front of PM by mid-October","author":"enterpriseam admin","date":"30 September 2018","format":false,"excerpt":"220 people want to run our SWF: Egypt has received some 220 applications from potential managers for its new EGP 200 bn sovereign wealth fund, according to Planning Minister Hala El Said. The applicant pool for the CEO post is a mix of local and global talent, a source close\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624527,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/12\/what-were-tracking-on-12-september-2018\/","url_meta":{"origin":601484,"position":4},"title":"What we\u2019re tracking on 12 September 2018","author":"enterpriseam admin","date":"12 September 2018","format":false,"excerpt":"**#4 SWF manager wanted: The Madbouly government is advertising for a manager to take over the EGP 200 bn Egypt sovereign wealth fund, according to an advertisement placed on page 4 of yesterday\u2019s Financial Times (image below, tap the image or click here for larger view). The application deadline is\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/9\/1885.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598788,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/09\/egypts-swf-joins-international-wealth-fund-body\/","url_meta":{"origin":601484,"position":5},"title":"Egypt\u2019s SWF joins international wealth fund body","author":"enterpriseam admin","date":"9 June 2019","format":false,"excerpt":"Egypt Wealth Fund joins international industry body: Egypt\u2019s sovereign wealth fund has joined the International Forum of Sovereign Wealth Funds (IFSWF) as an associate member, the IFSWF said in a statement. 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