fund

Prime Minister issues regulation of Egypt’s Sovereign Wealth Fund
Business

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

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

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

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

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

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

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…
Egypt-based Sawari Ventures to close $50Mn fund to new investors by year-end
Business

Egypt-based Sawari Ventures to close $50Mn fund to new investors by year-end

Egypt-based investment firm Sawari Ventures expects to close its recently launched $50 million fund to new investors before year-end, its…
Fund will support health, education and infrastructure in Egypt
Business

Fund will support health, education and infrastructure in Egypt

The Support Egypt Fund has decided to establish a charity worth LE1.5 billion to support health, education and infrastructure in…
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