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The Sovereign Fund of Egypt

The Sovereign Fund of Egypt News

$3.5bn Saudi-Egyptian project powers up hydrogen transition

Saudi Arabia has backed up its ambition to become the world’s largest exporter of hydrogen by 2030 with plans to develop a $3.5 billion project in Egypt. Riyadh-based Alfanar has signed a memorandum of understanding with the General Authority of the Suez Canal Economic Zone, the Sovereign Fund of Egypt, the Egyptian Electricity Transmission Company […]

The Shard, London

Gulf SWFs are back on a roll but beware Russian ties

Buoyant oil prices are keeping Gulf treasuries full following the pandemic The past few years may have been decidedly mixed for Gulf sovereign wealth funds (SWFs), but with a recent surge in oil prices and lockdowns ending the pressure is now easing.  During the Covid-19 pandemic many funds found their reserves heavily depleted by governments […]