{"id":701511,"date":"2026-05-12T00:00:00","date_gmt":"2026-05-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=701511"},"modified":"2026-05-12T02:52:59","modified_gmt":"2026-05-12T02:52:59","slug":"investment-minister-mohamed-farid-taps-four-new-assistant-ministers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/12\/investment-minister-mohamed-farid-taps-four-new-assistant-ministers\/","title":{"rendered":"Investment Minister Mohamed Farid taps four new assistant ministers"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Investment<\/strong><strong> Minister Mohamed Farid has named four new <\/strong><strong>assistant ministers <\/strong>drawn from the Financial Regulatory Authority (FRA), the EGX, and the State Council \u2014 a team weighted heavily toward regulatory drafting and digital infrastructure rather than promotion, the ministry said this week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The line-up is as follows:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong> <strong>Sherif Yehia (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/sherif-yehia-20948a20\/\" style=\"\">LinkedIn<\/a><\/strong><strong>) \u2014 assistant minister for <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid032zyoCFkQVMSeh4htn8SBnoRPNzBh5BqppywquifejPvuoHGc2Jj35T2He9cShiVtl&id=61562245173260\" style=\"\">development and<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid032zyoCFkQVMSeh4htn8SBnoRPNzBh5BqppywquifejPvuoHGc2Jj35T2He9cShiVtl&id=61562245173260\" style=\"\">digital transformation<\/a><\/strong><strong>. <\/strong>A 22-year IT and cybersecurity veteran, most recently advisor to Farid and before that the FRA's senior IT official. He will be tasked with rebuilding the ministry's digital architecture, streamline investor services, and bring AI into daily operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Said Arafa (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/saidarafa\/\" style=\"\">LinkedIn<\/a><\/strong><strong>) \u2014 assistant minister for <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid02en5jLNNFshD1HG7HkE1Wtw3PxhKQ1e7nrHz7Wa2FwML9Um63pxguCd4K2Rmag4NGl&id=61562245173260\" style=\"\">investment contracts<\/a><\/strong><strong>. <\/strong>Twenty-five years drafting economic legislation, including tenures as counsel on regulatory matters to the Public Enterprises Ministry and the EGX after a long run at the FRA. He will now tighten investment contracts and renew complex public-private partnership agreements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Ali Azab<\/strong><strong> \u2014 assistant minister for <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid02grU2HuF5yCNXbJ2dCkZXMP7ujejeZ8LuUeZDGWKq6WyBQ8tHR7DiDuwywa7sP6ml&id=61562245173260\" style=\"\">legislative affairs<\/a><\/strong><strong>.<\/strong> Fifteen years at the State Council, specializing in economic and investment disputes and public contracts. Azab will now overhaul existing investment laws and draft new ones.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Mohamed Ayyad (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/mohamed-%F0%9F%87%AA%F0%9F%87%AC-ayyad-44a20327\/\" style=\"\">LinkedIn<\/a><\/strong><strong>) \u2014 assistant minister for <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid02CL7kThMqzf1uMmoWGdepUQ1tdm9DjdtwSmEyE3v5zNRXBNMGhPWXvoLbGpHdZ5Uhl&id=61562245173260\" style=\"\">promotion and<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid02CL7kThMqzf1uMmoWGdepUQ1tdm9DjdtwSmEyE3v5zNRXBNMGhPWXvoLbGpHdZ5Uhl&id=61562245173260\" style=\"\">media communication<\/a><\/strong><strong>.<\/strong> Five years advising the FRA chairman, four before that as deputy assistant chairman at the EGX, and 18 years across capital markets and financial journalism. He will run the pitch to global investors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s the signal? <\/strong>Three of the four come out of the FRA or the EGX, and two are lawyers. It looks like Minister Farid is shifting focus from the story we tell investors to the contracts they have to sign, the laws that sit beneath, and the digital infrastructure that gets them from interest to closing. The first test will be the state\u2019s IPO program, which aims to list at least four state-owned companies by December.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FRA, EGX, and State Council veterans stack the bench<\/p>\n","protected":false},"author":1,"featured_media":701512,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7231],"tags":[72,103,6663,2221,206],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-701511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves","tag-enterpriseam","tag-fdi","tag-investment-ministry","tag-mohamed-farid","tag-moves","wpautop","entry"],"acf":{"mongo_id":"50456d17-0488-43a7-a1df-9e36989aa0d1","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/5\/578.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Stacking the bench","related_issue":[701496],"teaser":"FRA, EGX, and State Council veterans stack the bench"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Farid is now assistant minister for national projects and El Bayli is assistant minister for asset management and investments.","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622008,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/maait-appoints-yomna-khattab-mai-farid-as-assistant-ministers-of-finance\/","url_meta":{"origin":701511,"position":1},"title":"Maait appoints Yomna Khattab, Mai Farid as assistant ministers of finance","author":"enterpriseam admin","date":"25 November 2018","format":false,"excerpt":"MOVES- Maait appoints new assistant ministers for fiscal policy, economic justice: Finance Minister Mohamed Maait tapped yesterday Yomna Akram Khattab (bio) as assistant minister of finance for fiscal policy and Mai Farid (bio) as assistant minister of finance for economic justice, Al Mal reports. 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