What we’re tracking this week and beyond
The government will appoint the board of directors for Egypt’s EGP 200 bn sovereign wealth fund within the coming few months, Finance Minister Mohamed Maait said yesterday, Al Mal reports. Prime Minister Mostafa Madbouly was expected to announce the formation of the board some time in July, the minister had previously said. Legislation establishing the fund was signed into law last month. The government has entered into an agreement with a consortium of firms including Sarie-Eldin & Partners, PricewaterhouseCoopers and Baker McKenzie to advise on drafting the regulations for the fund, which is expected to launch before the end of 2018.
The EFG Hermes London conference, the fall’s top gathering of frontier and emerging markets fund managers, starts on Monday.
War Games: Egyptian and US military personnel will be running Bright Star wargames for the second year in a row from 8-20 September.
Indian business delegation: A delegation of more than two dozen Indian business leaders and government officials will be in Egypt from 8 to 12 September for trade and investment talks.
The president of Italy’s Chamber of Deputies, Roberto Fico, is set to visit Cairo this month, Ahram Online reports.