Latest in Tag: fund Highlight
Latest in Tag: fund
Egypt: IMF reaches staff-level agreement on $3bn Extended Fund Facility Arrangement
The new EFF aims to safeguard macroeconomic stability and debt sustainability, improve Egypt’s resilience to external shocks, strengthen the social safety net, and step-up reforms that underpin higher private-sector-led growth and job creation.
Saudi Arabia to launch public investment fund in Egypt
Minister of Planning and Economic Development Hala El-Said, Chairperson of the Board of Directors of the Egypt Sovereign Fund Ayman Soliman, and Essam bin Saad bin Saeed — the Saudi Minister of State and Member of the Council of Ministers for Shura Council Affairs — signed the agreement.
Egypt’s Higher Education Minister chairs meeting of Fund for Innovators and Geniuses
The fund aims to provide sponsorships for brilliant innovators in Egypt
Odin Investments equity fund subscriptions to open on 10 June
ODIN Vice Chairperson and CEO Hashem El-Sayed revealed that the two founding companies are currently underwriting the fund with the seed capital estimated at EGP 10m per company.
Sarwa Capital to launch EGP 2.5bn movable collaterals fund
Financial services company considers establishing another movable collaterals fund valued at over EGP 1bn
Egypt, Saudi Arabia discuss activation of joint investment fund
Egyptian government is keen to ensure the fund’s success, says Egypt’s Prime Minister
Parliament approves amendments to law establishing medical emergency fund
House of Representatives gives Prime Minister authority to change fund’s headquarters from Cairo
Private placement of Azimut’s fixed income fund oversubscribed with EGP 295.3m
The amount represents almost six times the preliminary targeted subscription, leading the company to increase the maximum fund’s limit to EGP 500m before the end of the subscription period.
Parliament to discuss launching medical emergency fund
Parliamentary health committee has one month to discuss draft law, before general voting on 1 November
Odin eyes EGP 1bn stock market investment through new fund
Company expects to complete procedures, obtain FRA approval for incorporation within next month
Subscription to Suez Canal Bank’s investment fund reaches EGP 338.7m
The oversubscribed offering raised about EGP 338.7m, representing 136% of the targeted capital of EGP 250m, so the allocation of shares will be made according to each subscriber’s contribution.
Egypt considers new fund supporting tourism workers in times of crisis
The ministry said the lack of information prevents many workers from getting their full rights, whilst also preventing financial support from arriving to those who deserve it, especially during crises.
Egypt signs agreement with ITFC to fund commodities imports worth $1.1bn in 2020
The funds are within the $3bn agreement framework between Egypt and ITFC that was signed in January 2018.
Tahya Misr Fund provides EGP 306m for financing 18,000 micro projects
Rural women have acquired the lion’s share of Mastourah financing programme, says fund’s acting executive director
Tahya Misr aims to find radical solutions to problems of underprivileged segments: Deputy Director of Projects
Manshiet El Nuba at Toud district declared as Virus-C free
Attijariwafa Bank-Egypt aims to attract 70 new credit customers with funds exceeding EGP 3bn end 2019
Africa and Development Club gateway for Egyptian exporters to penetrate African markets
Chinese Exim Bank likely to fund Egypt with $3bn
Chinese embassy defending electric train project following Fitch’s criticism
Global Lease negotiates with four banks to fund new projects worth EGP 500m
Discussions with FMO to borrow $10m, a factoring company to be launched mid-March
When will agricultural sector receive appropriate share of funds from banks?
Government received 28.105% of loans, industry 24.627%, services 25.957%, retail 17.286%, trade 7.627%
EU-funded EEPI offers €950,000 grant to develop 100 companies in Egypt
Project aims to identify export opportunities for Egyptian products
MSMEDA injects EGP 5.3bn to fund 247,000 projects in 2018
EGP 5.3bn were allocated to fund 247,000 small, micro projects, providing 395,000 jobs
Fund project growth to reach 6%, unemployment rate, inflation to fall to 7%: IMF’s senior resident representative to Egypt
Strong private sector essential for job creation, this requires improving business environment, governance, transparency, access to finance, accountability of public institutions
250m Egyptian sports fund launched by Banque Misr
The Fund will be managed by Misr Beltone
NI Capital, Ayady, Post for Investments launch EGP 50m micro-finance fund
NI Capital, the investment arm of the National Investment Bank, Ayady for Investment and Development, and Post for Investments have joined forces to establish Tamweely for Microfinance with an issued capital of EGP 50m and an authorised capital of EGP 500m, according to a press release on Tuesday. According to the statement, Tamweely for Microfinance …
The government aims at borrowing EGP 371bn to fund budget deficit during Q1 of new FY
Ministry of Finance offers T-bills worth EGP 349.5bn and bonds worth EGP 21.5bn from July until the end of September 2017
Egypt, UNDP to establish new investment fund for development
The fund will be jointly financed by Misr Company for Entrepreneurship and the UNDP
22 MPs demand fact-finding committee to study efficiency of investment of pensions’ funds
Large amounts of pensions are held by the government without it paying returns on them for the past ten years
Expectations differ about expected real estate fund investments
Saudi Arabia launches three real estate funds in six months, while Egypt launches its third fund in Q3
Innoventures launches EGP 30m investment fund within next weeks
Innoventures aims to increase the fund’s capital to EGP 100-200m
Investment funds achieve moderate performance in 2016
Pound’s flotation failed to support money market funds and fixed income funds in the last two months of 2016