France boosts defence spending with €450m
France’s public investment bank, Bpifrance, will launch a €450 million ($490 million) fund to finance defence…
Browsing Tag
fund
Sawiris’ La Mancha launches gold mining fund
Private gold company La Mancha, chaired by Egyptian billionaire Naguib Sawiris, announced on Monday the creation of…
Qalaa’s Sphinx to launch $70 mln mid-cap P.E. fund in 2020
Sphinx Egypt, part of investment giant Qalaa Holding, plans to launch $60-70 million private equity fund to invest…
Cryptocurrencies suffer $18 billion drop in value over three days
Bitcoin finally began to stabilize Friday, but not before the total cryptocurrency market lost $18 billion of its…
Egypt seeks sovereign wealth fund boss
Egypt is looking to hire a chief executive for its new sovereign wealth fund as it seeks to attract more foreign…
Aur Capital, Wadi Degla launch new fund to invest in Egypt real estate
Egypt’s Aur Capital is joining Wadi Degla Developments to launch a 2.350 billion Egyptian pound ($131.25 million)…
Egypt set to launch innovation fund worth 1 bln pounds
Governor of the Central Bank of Egypt (CBE) Tarek Amer said that the possibility of the launching a 1 billion fund…
Egypt’s drinking water flagship wins $42.5 mln Kuwait funding
The Kuwait Fund for Arab Economic Development, (KFAED) on Sunday signed a loan agreement with Egypt worth KD12.5…
Russia, Saudi Arabia to establish $1 billion tech fund
Moscow and Riyadh plan to establish a $1 billion fund to invest in technology, the chief executive of a sovereign…
Saudi Arabia launches $1 billion fund to support SMEs
Saudi Arabia's Public Investment Fund (PIF) announced Tuesday the establishment of the Fund of Funds, a new SR4…
Saudi Arabia, Russia to establish energy fund worth $1 billion
Saudi Arabia and Russia plan to set up a $1 billion fund to invest in energy projects, Russian Energy Minister…
Saudi Arabia establishing $2.7 billion entertainment investment firm
Saudi Arabia’s sovereign wealth fund is creating an entertainment investment company as the deeply conservative…
Mutual funds mark down investments in Uber by as much as 15%
Four mutual fund companies have marked down their investments in Uber Technologies Inc by as much as 15 percent…
Lebanese president signs public sector pay rise and tax hike laws
Lebanese President Michel Aoun signed off on public sector wage increases and related tax hikes on Monday, the…
Egypt looks for $4 billion up on international debt market
Egypt is planning to return to the international debt markets in January to raise as much as US$4 billion to fund…
Sawiris’ Beltone Financial targets $1bn fixed income fund in Sept.
Egypt's Beltone Financial, a unit of billionaire businessman Naguib Sawiris's OTMT, will launch a $1 billion…
Egypt’s ISDF signs new deal for Halayeb, Shalateen slums
Egypt’s Informal Settlements Development Fund (ISDF) signed Thursday new agreements worth 900 million Egyptian…
EFG Hermes wins mandate to run Ahli United Bank Egypt’s funds
Egyptian investment bank EFG Hermes announced Sunday it has won mandates to manage two funds for the Ahli United…
Israel’s Mossad establishes fund to acquire new spy techniques
Israel's Mossad intelligence agency has set up an investment fund to help development of new cloak-and-dagger…
Apple to create $1 billion U.S. advanced manufacturing fund
Apple Inc plans to create a $1 billion fund to invest in U.S. companies that perform advanced manufacturing, Chief…
Saudi Arabia to award licences to 15 U.S. firms in May: officials
Saudi Arabia plans next month to award licences to at least 15 U.S. companies to operate in the kingdom, two Saudi…
Gold steady on geopolitical worries amid firmer dollar
Gold prices held firm on Thursday after falling as much as one percent the previous day, with tensions surrounding…
Gold rises in 3 months on political, economic uncertainty
Gold on Wednesday held near three-month highs hit the session before, buoyed as political and economic uncertainty…
China sets up $14.6 billion internet investment fund
China has set up a 100 billion yuan ($14.55 billion) fund to support investment in the internet sector, said…
Sisi meets with 27 regional, global investment funds
Egypt's president Abdel-Fattah El-Sisi met on Monday with representatives from 27 regional and international…
Gold near 5-week highs on weaker dollar
Gold on Tuesday hovered near a 5-week peak hit the session before, buoyed by a weaker U.S. dollar and as fears that…
Savings Fund deposits jump 14% in FY2015-16: Egypt’s CAPMAS
Deposits in savings fund of Egypt's Postal Authority reached 100.6 billion Egyptian pounds (US$11.3 billion) in…
Tesla plans to raise more cash this year
Tesla plans to raise additional cash this year to help fund development and production of its new Model 3 sedan and…
Banque du Caire to fund Suez Canal Development Projects
Banque du Caire is studying the projects that are planned to be established at the Suez Canal Area Development…
Zuckerberg Sells $95 Million in Facebook Shares for charity
Facebook Inc. Chief Executive Officer Mark Zuckerberg has made his first big share sale to fund his family's…
Egypt’s ISDF signs agreements with Gharbia, Dakahlia Governorates to develop risky slums
Egypt’s Informal Settlements Development Fund has signed cooperation protocols with Gharbia and Dakahlia…
Egypt receives MENA Transition Fund’s $2.4 mln PPP support grant
Egyptian Ministry of Finance and of International Cooperation signed Wednesday a cooperation protocol to support a…
Canada’s telcos raise cheap money in internet bet, Fed hikes loom
Canadian telecom companies are rushing to secure cheap money to fund acquisitions and big infrastructure projects…
Egypt to answer IMF inquiries over the next 14 days amid negotiations
The International Monetary Fund (IMF) arrived Saturday for a 14-day visit to Cairo, during which time Egypt is…
IMF admits blindly backing Euro project, apologises for the immolation of Greece
The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments…
US dollar takes a step backward by 50pst following announcement of IMF loan
The US dollar lost over 50 piastres of its value against the Egyptian pound on the informal market on Wednesday…
Ousta negotiating investment of EGP 50m in 2016: founder
In May 2014, the World Bank stated in its Cairo Traffic Congestion Study that about “EGP 47bn are wasted every…
IMF chief Lagarde to face trial in French arbitration deal
France's top court has ruled that International Monetary Fund chief Christine Lagarde must stand trial in France…
Bank of England considers curbs on property funds
The Bank of England is considering curbs on withdrawals from property investment funds after Britain's vote to…
Russian-Egyptian-UAE Fund initial capital to reach $500 mln: minister
Egyptian government has agreed with the Russian side on the value of planned investments in the joint…