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The Sovereign Fund Of Egypt
The Sovereign Fund of Egypt ( ar, links=no, صندوق مصر السيادي) is a Sovereign wealth fund, owned by the Arab Republic of Egypt, Its established in 2018 by Law No. 177 of 2018 and amended by Law No. 177 of 2020, with the aim of contributing to the financial economic development of Egypt through the management of funds and assets owned or transferred to it, as well as investing in many different economic activities. The Fund’s Board of Directors consists of a non-executive chairman who is the Minister of Planning and Economic Development, the membership of the Executive Director of the Fund, and representatives from the Ministry of Planning, Ministry of Finance, the Central Bank of Egypt, and the General Authority for Investment and Free Zones, in addition to seven independent members with experience. The Sovereign Fund of Egypt includes four affiliated subfunds operating in many fields, In 2020, The Sovereign Fund of Egypt ranked 43rd among 93 sovereign wealth funds ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cairo
Cairo ( ; ar, القاهرة, al-Qāhirah, ) is the capital of Egypt and its largest city, home to 10 million people. It is also part of the largest urban agglomeration in Africa, the Arab world and the Middle East: The Greater Cairo metropolitan area, with a population of 21.9 million, is the 12th-largest in the world by population. Cairo is associated with ancient Egypt, as the Giza pyramid complex and the ancient cities of Memphis and Heliopolis are located in its geographical area. Located near the Nile Delta, the city first developed as Fustat, a settlement founded after the Muslim conquest of Egypt in 640 next to an existing ancient Roman fortress, Babylon. Under the Fatimid dynasty a new city, ''al-Qāhirah'', was founded nearby in 969. It later superseded Fustat as the main urban centre during the Ayyubid and Mamluk periods (12th–16th centuries). Cairo has long been a centre of the region's political and cultural life, and is titled "the city of a thousand m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Egypt
Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediterranean Sea to the north, the Gaza Strip of Palestine and Israel to the northeast, the Red Sea to the east, Sudan to the south, and Libya to the west. The Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Cairo is the capital and largest city of Egypt, while Alexandria, the second-largest city, is an important industrial and tourist hub at the Mediterranean coast. At approximately 100 million inhabitants, Egypt is the 14th-most populated country in the world. Egypt has one of the longest histories of any country, tracing its heritage along the Nile Delta back to the 6th–4th millennia BCE. Considered a cradle of civilisation, Ancient Egypt saw some of the earliest developments of writing, agriculture, ur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hala Helmy El-Said
Hala Helmy el-Said ( ar, هالة حلمي السعيد; born 19 May 1957) is the current Egyptian Minister of Planning and Economic Development. Early life and career Hala was born in Cairo in 1957. She is the first elected dean of the Faculty of Economics and Political Science from 2011 to 2016 at Cairo University. She also held the position of Assistant President of Cairo University for Scientific Research Affairs and External Relations from September 2013 to 2016. Qualifications Hala holds the following degrees: * Doctor of Philosophy in Economics from the Faculty of Economics and Political Science from Cairo University Cairo University ( ar, جامعة القاهرة, Jāmi‘a al-Qāhira), also known as the Egyptian University from 1908 to 1940, and King Fuad I University and Fu'ād al-Awwal University from 1940 to 1952, is Egypt's premier public university ... - in 1989 * Master's degree in economics with excellent grades from the faculty of economics and politi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Egypt)
The Ministry of Finance of Egypt is part of the Cabinet of Egypt. It is responsible for increasing the rate of economic growth and job creation, thus contributing to raising the standard of living of the individual and society as a whole. The current minister is Mohamed Maait. It is located in Ministry of Finance Towers, Nasr City. Objectives The goal of the Ministry of Finance to design and develop policies and financial plans of the state, coordinate budgets, streamline the government's expenditure and develop tax revenues in order to achieve economic and social objectives. Disciplines Political role *The proposal of fiscal policy so as to achieve the objectives of economic and social development plan. *Develop plans and programs related to the financial aspects to ensure the achievement of national goals. *Preparation of draft general budget of the state and progress them to the concerned authorities. Oversight role *Overseeing the implementation of the state budget after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Egypt
The Central Bank of Egypt (CBE; ar, البنك المركزي المصري) is the central bank and monetary authority of Arab Republic of Egypt. Currency Since the trading of gold and silver coins in Egypt and until 1834, there was no one unit of currency to unify the country. In 1834, a decree was realised stating the forging of an Egyptian currency based on the two metals (gold and silver). In accordance with said decree, the minting of a currency in the shape of gold and silver Riyals began. In 1836, the Egyptian pound was first introduced and it became open for public use. The bank floated the Egyptian pound during the morning of the 13th of November 2016.Hossam Mounir (November 2, 2017) Flotation was boldest decision in history of Egyptian economic, banking sectors published by Daily News Egypt - accessed 2020-02-14 [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Green Hydrogen
Green hydrogen (GH2 or GH2) is hydrogen generated by renewable energy or from low-carbon power. Green hydrogen has significantly lower carbon emissions than grey hydrogen, which is produced by steam reforming of natural gas, which makes up the bulk of the hydrogen market. Green hydrogen produced by the electrolysis of water is less than 0.1% of total hydrogen production. It may be used to decarbonize sectors which are hard to electrify, such as steel and cement production, and thus help to limit climate change. The high cost of production is the main factor behind the low use of green hydrogen. Nonetheless, the hydrogen market is expected to grow, with some forecasts of the cost of hydrogen production falling from $6/kg in 2015 to around $2/kg by 2025. In 2020, major European companies announced plans to switch their truck fleets to hydrogen power. Green hydrogen can be blended into existing natural gas pipelines, and also used to produce green ammonia, the main constituent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Mogamma
The Mogamma (Arabic: مجمع التحرير, also spelled ''Mugamma'', roughly translated as 'the complex') is a government building in Cairo, Egypt. The Mogamma was the result of a series of master plans for the Qasr el Nil area (now Tahrir Square), which used to be occupied by the British barracks. In 1945 when King Farouk ordered the demolition of the barracks upon the departure of British troops from the area, a series of urban planning proposals ensued. The idea for a centralised, all-in-one administrative building emerged from the 1945 plans. Construction began in 1946, and ended in 1949. The building's style reflects typical 1940s modernism, and government buildings in the same style can be found in Buffalo, New York (Buffalo City Hall), and Paris. Contrary to popular belief, there is no Soviet association or inspiration, and the building was not constructed by the government of Egypt's second President, Gamal Abdel Nasser. Indeed, Nasser did not become the leader of Egypt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Siemens
Siemens AG ( ) is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad. The principal divisions of the corporation are ''Industry'', ''Energy'', ''Healthcare'' (Siemens Healthineers), and ''Infrastructure & Cities'', which represent the main activities of the corporation. The corporation is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the corporation's total sales, is its second-most profitable unit, after the industrial automation division. In this area, it is regarded as a pioneer and the company with the highest revenue in the world. The corporation is a component of the Euro Stoxx 50 stock market index. Siemens and its subsidiaries employ approximately 303,000 people worldwide and reported global revenue of around €62 billion in 2021 according to its earnings release. History 1847 to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Administrative Capital
The New Administrative Capital (NAC) ( ar, العاصمة الإدارية الجديدة, al-ʿĀṣima al-ʾIdārīya al-Gadīda) is a new urban community in Cairo Governorate, Egypt and a satellite of Cairo City. It is planned to be Egypt's new capital and has been under construction since 2015. It was announced by the then Egyptian housing minister Mostafa Madbouly at the Egypt Economic Development Conference on 13 March 2015. The capital city is considered one of the programs and projects for economic development, and is part of a larger initiative called Egypt Vision 2030. The new capital of Egypt has yet to be given a name. A competition was launched on the new capital's website to choose a new name and logo for the city. A jury of specialists was formed to evaluate the proposals submitted to list and determine the best among all the proposals. No official results have yet been announced by the Egyptian Government. In October 2021, transportation minister Kamel al-Wazir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
