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Strong private sector essential for job creation, this requires improving business environment, governance, transparency, access to finance, accountability of public institutions
The Fund will be managed by Misr Beltone
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 …
Ministry of Finance offers T-bills worth EGP 349.5bn and bonds worth EGP 21.5bn from July until the end of September 2017
The fund will be jointly financed by Misr Company for Entrepreneurship and the UNDP
Large amounts of pensions are held by the government without it paying returns on them for the past ten years
Saudi Arabia launches three real estate funds in six months, while Egypt launches its third fund in Q3
Innoventures aims to increase the fund’s capital to EGP 100-200m
Pound’s flotation failed to support money market funds and fixed income funds in the last two months of 2016
Germany and Korea to finance construction of 5 water desalination plants in South Sinai and Borg El-Arab airport expansion
The company is planning to promote the fund among investors from Gulf countries, besides local investors to ensure its shares will be sold
The head of the syndicate’s finance department is accused of embezzling EGP 260,000
We seek to establish strong companies with all institutions, in order to support the fund’s contribution to achieving sustainable development, says executive director
EU holds workshop with Egyptian ministries to implement TARES project
Flat6Labs is a regional programme established in 2011 by Sawari Ventures and the American University in Cairo (AUC) School of Business Administration to turn technology ideas into real projects.
Switzerland has opened criminal proceedings against the BSI bank, linked to the ongoing case involving Malaysia’s troubled state investment fund. Singapore’s central bank has also shut down BSI’s operations.
The Central Bank of Egypt (CBE) affirmed that the banks operating in the Egyptian market are committed to its instructions for financing small and very small projects. Some media reports claimed that some people in business had received the funds allocated to the small projects according to the CBE’s initiative launched in January, the CBE …
Tahya Misr Fund is working on developing 127 new homes at a cost of EGP 36m, says Ashmawy
Saudi King Salman explained that the Saudi share in the investment fund is the equivalent of 50%, amounting to SAR 30bn, while the Egyptian side will provide the remaining 50% of the fund’s capital, to be paid in Egyptian pounds
Required occupancy ratios decreased to provide incentives for flights coming to Sharm El-Sheikh and Hurghada airports due to decline in tourist influx
Mubasher Trade is candidate to manage fund for free, EFSA requires involvement of financial institutions in foundation by at least 2%
Capital of the company was not disclosed
Saudi Fund for Development allocates $1.5bn for development projects in Sinai
Government delegation visits Riyadh to complete the negotiations in, says source
EGP 400m fund to support inoperative factories
Tetra meeting on Thursday to decide on the increase; Ayadi decided to participate in the fund’s capital, says Chairman
The project is expected to provide 470 job opportunities in each governorate, says FEI head
The Tahya Misr or ‘Long Live Egypt’ fund (account no. 306306) will launch a programme to support factories that are facing difficulties in their operations in terms if donations, announced Executive Director Mohamed Ashmawy on Thursday.
“We [Egypt] have limited resources and the region we are in are facing some challenges,” Wali said. Egypt is also facing terrorism inside and outside, she highlighted, stressing that bureaucracy still exists and it is “no less dangerous than terrorism”.
All unsafe slums will be fully developed in three years according to the ministry’s timetable