Egypt announces new investment authority head

Egypt has appointed Mohsen Saleh, the stock exchange’s former deputy, to head the General Authority for Investment (GAFI).

Egypt’s Prime Minister Moustafa Madbouli issued a decision Tuesday appointing Mohsen Adel as new chief executive of the General Authority for Investment and Free Zones (GAFI) for one year.

Adel has more than 19 years of experience in stock markets and securities. He was a member in the advisory economic council for the presidency.