Egypt
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Urban & Transport
1/7/2024 5:47:29 PM
Ayman Soliman, the CEO of The Sovereign Fund of Egypt (TSFE), recently revealed that a foreign consortium, predominantly from the United Arab Emirates, won its bid to develop the land of Egypt's National Party building in Tahrir Square.
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Business
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Economy
12/20/2023 9:20:11 PM
Egyptian leading real estate developer Talaat Mostafa Group (TMG) announced that its hotel arm, ICON, has finalized an $882 million deal to acquire a 39 percent stake in Legacy Hotels, which owns seven historical state-owned hotels, TMG’s Chairman Hisham Talaat Mostafa stated in a press conference on Wednesday.
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Business
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Economy
12/4/2023 2:03:22 PM
President Abdel-Fattah El-Sisi issued a new regulation on Monday, signaling the reconstitution of the General Assembly of the Sovereign Fund of Egypt (TSFE) under the chairmanship of Prime Minister Mostafa Madbouly.
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Business
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Economy
11/1/2023 4:00:00 PM
Egypt's Minister of Planning and Economic Development Hala El-Said chaired the first meeting of the new formation of the Sovereign Fund of Egypt (TSFE) on Wednesday, according to a statement by the planning ministry.
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Egypt
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Health
5/8/2023 12:31:31 PM
The healthcare subfund of The Sovereign Fund of Egypt (TSFE) and B Investments company have entered into a partnership with El-Ezaby pharmacy chain to launch a new company to provides business-to-business (B2B) services in the Egyptian pharmaceutical sector, the TSFE announced in a statement on Monday.
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Business
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Economy
5/1/2023 1:06:21 PM
The Sovereign Fund of Egypt (TSFE) has prequalified 17 consortiums to bid for the development of water desalination projects run by renewable energy in different locations in the first phase of Egypt's water desalination programme, TSFE announced on Monday.
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Business
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Economy
4/5/2023 10:50:36 PM
Egypt has received offers from investors to purchase shares in the National Company for Producing and Bottling Water (Safi) and Wataniya Petroleum Company, according to the CEO of The Sovereign Fund of Egypt (TSFE) Ayman Soliman.
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Business
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Economy
3/28/2023 2:16:56 PM
The Sovereign Fund of Egypt (TSFE) announced on Tuesday that its real-estate subfund – TSFE Tourism, Real Estate & Antiquities – has signed a development agreement with A Developments to repurpose the former headquarters of Egypt’s Ministry of Interior in downtown Cairo.
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Business
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Economy
3/14/2023 3:18:10 PM
Egypt’s President Abdel-Fattah El-Sisi issued decree no. 103 for 2023 on Tuesday, transferring complete ownership of the Misr Insurance Holding Company to the Sovereign Fund of Egypt (TSFE).
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Business
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Economy
3/7/2023 10:09:33 PM
Ayman Soliman, the CEO of The Sovereign Fund of Egypt (TSFE), said Egypt could attract $4 billion from the Cooperation Council for the Arab States of the Gulf (GCC) market after resuming the initial public offering (IPO) programme this year.
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Business
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Economy
1/24/2023 5:11:22 PM
The Sovereign Fund of Egypt (TSFE) has inked two agreements with Egypt-based private equity firm, B Investments Holding (BIH), to co-invest over EGP 2 billion (around $67.5 million) in the healthcare and pharmaceuticals sector.
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Business
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Economy
1/1/2023 9:50:09 PM
The Sovereign Fund of Egypt (TSFE) has, since 2018, attracted 43 percent of total foreign direct investment (FDI), or EGP 37 billion, according to a statement by Egyptian Presidential Spokesman Bassam Rady on Sunday.
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Business
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Energy
11/16/2022 7:32:19 PM
The Sovereign Fund of Egypt (TSFE) has signed an MoU with Saudi Arabia’s utility developer ACWA Power to explore a joint investment in a $1.5 billion wind energy project with a capacity of 1.1 gigawatt (GW) in the Egyptian Gulf of Suez, a statement said on Tuesday.
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Business
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Economy
9/17/2022 11:16:43 PM
The Sovereign Fund of Egypt (TSFE) implemented or signed binding deals to execute 10 projects worth EGP 25.5 billion in 2021, and is studying 44 projects for total investments worth EGP 140 billion over the coming five years, TSFE CEO Ayman Soliman said on Saturday.
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Business
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Energy
8/29/2022 5:41:48 PM
Globeleq and Actis, two UK-based companies specialised in renewable energy, signed a memorandum of understanding (MoU) with the Egyptian government to develop green hydrogen.
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Business
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Economy
8/24/2022 9:35:56 PM
The Sovereign Fund of Egypt (TSFE) has attracted investments worth $3.3 billion from other Arab sovereign funds throughout this year, Abdallah El-Ebiary, head of the TSFE's investment sector, said on Wednesday.
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Business
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Economy
8/10/2022 6:46:16 PM
CairoHouse development consortium signed on Tuesday a number of partnership agreements in order to develop and rehabilite the iconic El-Tahrir Complex building (Mogamaa El-Tahrir) by investing over $200 million to transform it into a unique hotel.
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Business
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Economy
8/10/2022 2:40:35 PM
The recently-established Saudi Egyptian Investment Company (SEIC), which is owned by Saudi Arabia's Public Investment Fund (PIF), has acquired minority stakes in four Egyptian state-owned companies in a deal worth $1.3 billion, the Sovereign Fund of Egypt (TSFE) announced on Wednesday.
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Business
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Economy
5/17/2022 1:48:48 PM
The International Forum of Sovereign Wealth Funds (IFSWF) — a global network of sovereign wealth funds from over 40 countries — admitted the Sovereign Fund of Egypt (TSFE) as a full member along with Ethiopian Investment Holdings and the Fonds Souverain de Djibouti as associate members, the forum announced on Tuesday.
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Egypt
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Politics
5/19/2021 10:11:18 PM
TSFE has said the partnership with EFG Hermes comes under the fund’s plan that aims at cooperating with the private sector to invest in promising sectors
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