Egypt
UAE extends influence over Egypt's sovereign fund

Egypt's president Abdel Fattah al-Sissi and the UAE president Mohamed bin Zayed in Cairo on 12 April 2023.
Egypt's president Abdel Fattah al-Sissi and the UAE president Mohamed bin Zayed in Cairo on 12 April 2023. © Rashed Al-Mansoori / UAE's Ministry of Presidential Affairs / AFP
President Sissi has reshuffled the board of Egypt's sovereign fund as the country presses ahead with its privatisation push. In the backdrop of major Egyptian state-owned companies preparing for a takeover, Cairo is strengthening ties with Abu Dhabi. [...]
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