Tech news Russia, Saudi Arabia to establish $1 billion tech fund Yomna Yasser Oct 10, 2017 0 Moscow and Riyadh plan to establish a $1 billion fund to invest in technology, the chief executive of a sovereign…
Banks AAIB bank, Germany’s SANAD Fund team up to form Egyptian microfinance firm Yomna Yasser Mar 8, 2017 0 Cairo-based Arab African International Bank (AAIB) and SANAD Fund for MSMEs, part of the German state-run Kfw…
Tech news Uber Mideast rival Careem said near to $300 mn funding Ghada Ismail Nov 24, 2016 0 Careem Networks FZ, which competes with Uber Technologies Inc. in the Middle East, is close to raising about $300…
Industry & Trade Russia to set up $5bn Joint Fund with Egypt Yomna Yasser Jun 21, 2015 0 Egypt plans to complete establishment of US$5 billion joint fund with the Russian Direct Investment Fund and…
Industry & Trade Russian-Egyptian Mutual Fund to have Capital worth US$2 billion – Minister Administrator May 26, 2015 0 Egypt and Russia have agreed to launch a joint investment fund with capital estimated at US$ 2 billion, Egyptian…
Financial Institutions Fitch: Oil Price Fall Narrowing Divergence in MENA Sovereign Credit Trends Yomna Yasser Feb 18, 2015 0 Fitch Ratings says in a new report that the divergence between the ratings of energy exporters and importers in the…
Banks CBE: Egypt Mulls Establishing Sovereign Fund to Revamp Public Sector Yomna Yasser Mar 3, 2014 0 Egypt is considering to found a Cabinet-run sovereign wealth fund, seeking to revamp the country’s public sector,…
Financial Institutions Russian Fund Seeks Energy, Infrastructure Investments in Egypt at Beginning of 2014 Yomna Yasser Dec 8, 2013 0 A delegation from a Russian sovereign wealth fund is currently visiting Egypt aiming to pump new investments in its…
MENA News Abu Dhabi Fund Buys 31 Accor-Branded Hotels In Australian Cities Amwal Al Ghad English Sep 11, 2013 0 Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, bought Australia’s largest owner…
International News Wealthy Gulf Investors Warm To Africa Amwal Al Ghad English Jan 6, 2013 0 Wealthy Gulf Arab companies are boosting their investment in Africa's vast lands and untapped resources, marking a…