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Hala El Said, Egypt’s minister of planning and economic development, is one of eight women in the country s 32-member Cabinet. She is also chairperson of Egypt s sovereign wealth fund.
The 63-year-old was selected as the best minister in the Arab world in November under the Arab Government Excellence Award, launched by the UAE in 2019 in partnership with the Arab League.
“Today the best minister in the Arab world is female and we chose her because she is really good in what she does,” Mohammed Al Gergawi, UAE Minister of Cabinet Affairs, said at the time.
Ms Said has set a target to boost female workforce participation in Egypt to 40 per cent by 2030. Only about a quarter of women are in the country’s labour market, according to the World Economic Forum’s Global Gender Gap 2020 report.
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December 11 2020
Egypt s usually very quiet (and very conservatively managed) banking industry has been in the headlines since the early days of the Covid-19 pandemic as a wave of M&A activity has swept the sector.
Egypt has 38 active banks today, and the Central Bank of Egypt (CBE) is adamant there will not be a 39th anytime soon. Instead, 20 years after leading a clean-up and consolidation of the sector in the wake of the non-performing loans scandal of the 1990s, Egypt s regulator has held the line: You want into the sector? Buy a new bank. There are no new licences coming.