{"id":625180,"date":"2018-09-30T04:09:47","date_gmt":"2018-09-30T04:09:47","guid":{"rendered":"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\/"},"modified":"2018-09-30T04:09:47","modified_gmt":"2018-09-30T04:09:47","slug":"220-people-want-to-run-our-swf-exec-regs-should-be-in-front-of-pm-by-mid-october","status":"publish","type":"post","link":"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\/","title":{"rendered":"220 people want to run our SWF; exec regs should be in front of PM by mid-October"},"content":{"rendered":"

<\/a> 220 people want to run our SWF: <\/strong>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 to the search tells us. In all, some 400 individuals applied for the manager\u2019s position or other posts. A shortlist for the manager\u2019s gig is will be in Prime Minister Mostafa Madbouly\u2019s hands by mid-October, with our source telling us that the independent committee includes reps from the financial, law and business communities as well as economic exports.<\/p>\n

The executive regulations for the law governing the SWF should be with Cabinet for review by mid-October<\/strong>, our source tells us.The Ministry of Planning is working on the regs together with a team including PricewaterhouseCoopers, Baker McKenzie and Sarie-Eldin & Partners.<\/p>\n

Madbouly is now reviewing nominations for the SWF\u2019s board of directors <\/strong>and the general assembly and will present names to President Abdel Fattah El Sisi, who has final signoff on appointments to both bodies. The SWF CEO\u2019s position was advertised in the Financial Times, the Economist and the domestic press earlier this month<\/a>. The deadline for applications was last Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 to the search tells us. 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EFG Hermes, meanwhile, rose 1.7% after a senior company\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622773,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/11\/what-were-tracking-this-week-and-beyond-67\/","url_meta":{"origin":625180,"position":4},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"11 October 2018","format":false,"excerpt":"Egypt will reportedly select a manager for its new sovereign wealth fund \u201cwithin days,\u201d Planning Ministry sources tell Youm7. The executive regulations for the law governing the SWF should be with Cabinet for review by mid-October, our sources had told us. Sphinx International Airport in Giza is slated for inauguration\u2026","rel":"","context":"In "Up Next"","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622966,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/what-were-tracking-this-week-and-beyond-70\/","url_meta":{"origin":625180,"position":5},"title":"What we\u2019re tracking this week and beyond","author":"enterpriseam admin","date":"17 October 2018","format":false,"excerpt":"Egypt has still not selected a CEO for its new sovereign wealth fund despite reports earlier this month that it would do so \u201cwithin days.\u201d The executive regulations for the law governing the SWF are also pending.An IMF delegation is due in town mid-October for a review of Egypt\u2019s progress\u2026","rel":"","context":"In "Up Next"","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=625180"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625180\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625163"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625180"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625180"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}