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Sunday, 8 May 2016

Investment Minister Dalia Khorshid considers Ibrahim El Eshmawy to head GAFI

Will Ibrahim Al Eshmawy be the new head of GAFI? Investment Minister Dalia Khorshid is reportedly considering appointing Ibrahim Al Eshmawy, former deputy investment minister, to head the General Authority for Investment and Free Zones, replacing current head Alaa Amr, who may retire this month, Al Masry Al Youm reports. Khorshid may have to reappoint Amr in the event Al Eshmawy declines, according to an unnamed ministry source. The source added that Al Eshmawy is favored to head GAFI by bureaucrats who have expressed reservations about candidates with experience at CI Capital and EFG Hermes due to conflict of interest. Al Eshmawy had previously been considered to head the Investment Ministry and is reportedly to be close to current cabinet ministers including the ministers of housing, ICT, and international cooperation.

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