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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
Ratings agency Moody’s upgrades banking sector outlook from negative to stable
Fund will be presented at March Economic Summit in Sharm El-Sheikh
Government decisions not enough, Egypt needs to treat economic crisis by developing comprehensive economic plan, economic analyst
Other decrees raised military pensions by 15%, approved foreign loans to enhance electricity
Two sides discussed need to bolster cooperation and encourage Chinese investment in Egypt
Government seeks to complete the development of the Suez Canal on schedule within its efforts to increase resources and reduce unemployment
Fund will use account number 037037 in reference to the date of former president Mohamed Morsi’s ouster
Egypt’s Tourism Assistance Fund is looking for annual returns of 25% on investments, or $250m in the first phase of underwriting, according to Amr Askar, investment manager at Cairo Financial Holding. The first phase will take place directly after the Egyptian Financial Supervisory Authority (EFSA) adopts the prospectus. Askar added in a statement to Al-Borsa …
Ambassador discussed with officials room for cooperation in various fields, including combating terrorism, police training
IMF chief says there are “encouraging” signs in energy subsidy reform
The crisis lender is sensitive to charges it dictates socially and economically harsh reforms on countries availing themselves of its support.
AFP – Libya’s sovereign wealth fund is suing French bank Societe Generale in a British court for $1.5bn (€1.1bn) for allegedly channelling bribes to allies of the son of slain dictator Moamer Qadhafi, officials said on Monday. The Libyan Investment Authority is seeking compensation from the bank and from WalidGiahmi, an alleged associate of Saif …
Mo’awad Adel remains in a coma as a legal struggle for funding his treatment continues
The results of the survey of leading fund managers in the region, conducted in the past 10 days, show growing optimism about a recovery of Egypt’s economy
The planned ‘sukuk’, announced by Prime Minister David Cameron in October, is expected to launch next year and become the first by a Western government.
Egyptian poet, Ahmed Fouad Negm is given the Principal Prince Claus Award for fighting for the people through art
The ‘Egypt Support’ Fund, the 306306 account, has exceeded EGP 700m according to Ashraf El-Araby, Minister of Planning and International Cooperation, in the less than two months since its creation. Two other similar funds had been established since the start of the January 25th Revolution in Egypt with comparatively little success in fund raising. I …
The fund’s account number, 306306, refers to 30 June,when massive protests led to the ouster of Mohamed Morsi,Egypt’s first elected president.
Fund set up to commemorate Morsi’s ouster, help finance country’s ailing economy
The statement comea a few weeks ahead of planned protests for 30 June and amid an already-ailing economy one year into President Mohamed Morsi’s tenure.