The Sovereign Fund of Egypt (SFE) could launch a sub-fund responsible for managing the sale of state-owned companies on the EGX under the government’s privatization program, a cabinet statement said Thursday, without providing further details. This came during a meeting between SFE head Ayman Soliman, Prime Minister Moustafa Madbouly and a number of other officials last week.

Have a number of international companies been temporarily suspended from the Trade Ministry’s green list of companies approved to export to Egypt? That’s the contention of stories out overnight in Al Shorouk and El Watan, neither of which we could confirm on deadline. A number of household names are among those the newspapers claim are impacted. The Trade Ministry’s General Organization for Export and Import Control (better known by its acronym, GOEIC) has reportedly pulled permissions for just over 250 exporters since January 2021 for having failed to register factories exporting to Egypt or to prove they are brand owners or authorized licensees.