Egypt Defense ministry asks local Sovereign Fund to help sell up 90 per cent of Wataniya Petroleum Company

The Egyptian Defense ministry has chosen the country’s Sovereign Fund (SFE) to sell between 80 and 90 per cent of Wataniya Petroleum, a subsidiary of the National Service Products Organization (NSPO), reports say. SFE’s CEO Ayman Soliman told Reuters that Read more

Saudi public investment fund poised to invest in Egypt’s sovereign wealth fund

Saudi Arabia’s Public Investment Fund (PIF) is keen to inject investment into Egypt’s Sovereign Wealth Fund (TSFE) as well as into other projects, reports say citing a statement from the Egyptian government. TSFE has according to the statement submitted investment Read more