fund
World Bank to host climate damages fund despite opposition from developing nations
World
November 6, 2023
World Bank to host climate damages fund despite opposition from developing nations
CNN — Countries have moved a step closer to getting a fund off the ground to help poor states damaged by…
Ukraine’s foreign minister calls for second portion of EU aid for procuring ammunition
World
April 21, 2023
Ukraine’s foreign minister calls for second portion of EU aid for procuring ammunition
One week after the European Union approved a fund of approximately $1.1 billion to reimburse states that have sent ammunition…
Saudi fund invested $500 million in Russian oil as Ukraine invasion began
Middle East
August 15, 2022
Saudi fund invested $500 million in Russian oil as Ukraine invasion began
Saudi Arabia’s Kingdom Holding, the investment firm controlled by billionaire Prince Alwaleed Bin Talal, quietly invested more than $500 million…
Prime Minister issues regulation of Egypt’s Sovereign Wealth Fund
Business
March 3, 2019
Prime Minister issues regulation of Egypt’s Sovereign Wealth Fund
Prime Minister Mostafa Madbouly on Thursday issued the basic regulation of Egypt’s Sovereign Wealth Fund (SWF), which the government founded…
Egypt to launch LE1 billion education endowment
Egypt
November 23, 2018
Egypt to launch LE1 billion education endowment
The Egyptian government is seeking to establish an endowment fund for the development of education, with a capital of…
World bank funds Egypt’s rural sanitation services with $300 mn loan
Egypt
September 22, 2018
World bank funds Egypt’s rural sanitation services with $300 mn loan
The World Bank has approved a $300 million loan to complete Egypt’s Rural Sanitation Services Program, expanding the government…
Parliament approves bill to abolish funding for terrorist groups
Egypt
April 15, 2018
Parliament approves bill to abolish funding for terrorist groups
The Egyptian parliament’s legislative committee has approved in principle a draft law to abolish the funding of terrorist groups including…
CBE to establish fund worth LE5 bln to develop tourist facilities
Business
December 27, 2016
CBE to establish fund worth LE5 bln to develop tourist facilities
Central Bank of Egypt (CBE) will set up a fund at LE five billion to finance the development of tourist…
Minister: Amlak fund not to be managed by govt
Business
June 16, 2015
Minister: Amlak fund not to be managed by govt
Planning, Follow-up and Administrative Reform Minister Ashraf al-Araby has announced that the Amlak investment fund will not be managed by the…
Govt to establish fund to help ailing factories
Business
May 7, 2015
Govt to establish fund to help ailing factories
The presidency is considering establishing a fund of up to LE3 billion to help factories that are incurring loses, to which…