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Finance minister meets with $280bn investment fund leaders to discuss further opportunities

Finance Minister Amr El-Garhy is scheduled to meet  on Thursday with leading investment fund leaders with total assets under management of $280bn discuss with them further opportunities, according to a press release. El-Garhy, who is in Washington, D.C, will attend annual meetings of the IMF and the World Bank and will discuss Egypt’s latest macroeconomic developments …

Daily News Egypt

Reconciliation with businessmen is a bitter yet vital medicine

For the first few months following the revolution, I welcomed the calls for reconciliation with figures of the former era in a way that ensures a continuous flow of funds for projects and investments, and a preservation of the state’s right to the funds obtained in twisted ways. All of this would create a climate …

Hany Aboul Fotouh

Egypt, EIB sign declaration of intent to finance developmental projects: International Cooperation Minister

By Mohamed Ayyad During the Economic Summit in mid-March, Egypt signed a declaration of intent with the European Investment Bank (EIB),  to finance developmentprojects, said Minister of International Cooperation Nagla Al-Ahwani in a statement Sunday. The declaration with EIB included many sectors in which the bank is willing to fund in the period between 2015-2017. …

Mohamed Ayyad

Egypt regulator rets rules for index, real estate funds

Reuters – Egypt’s financial market regulator, seeking to attract capital back to the stock market, has released rules to facilitate the creation of index and real estate funds as well as amendments to margin trading rules. Sherif Samy, head of the Egyptian Financial Supervisory Authority, said the changes would increase liquidity in the market and …

Daily News Egypt