Egypt: Parliament gives preliminary nod to amendments to sovereign investment, development fund law

Reuters Images

The proposed draft aims to provide the Prime Minister with the authority to appoint the minister in charge of enforcing the provisions of this law

Staff Writer, Arab Finance

October 8, 2024

PHOTO

Egypt - The House of Representatives has given its preliminary approval on a draft law submitted by the government on amending some provisions of Law No. 177 of 2018 on the establishment of The Sovereign Fund of Egypt for Investment and Development, according to a statement.

The proposed draft aims to provide the Prime Minister with the authority to appoint the minister in charge of enforcing the provisions of this law.

The draft also stipulates that the fund will be directly overseen by the cabinet.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO