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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 …
Bullish funds shift money among Gulf equity markets: Survey
The survey showed great optimism towards Egypt with 53% of managers expect to raise their equity allocations
Ministry of Finance denies mixing pensions and state budget
Ministry asserts it did not embezzle or waste EGP 400bn from the insurance fund
Middle East funds still bullish on equities – survey
Dubai’s market, rebounding from the bursting of a real estate bubble in 2008-2010, is up 80% so far this year, while Kuwait is up 33% and Saudi Arabia has gained 18%.
Brotherhood appeals Cabinet’s decision
The legal representative of the Muslim Brotherhood Association appeals decision to form a committee to manage Brotherhood’s organisation money
Middle East funds set to boost investment in Egypt: survey
Fund managers in the Middle East are set to pump more money into Egypt, showed a Reuters survey
Activists file complaint against 76 media entities
“Human rights activists are a source of nuisance for suppressive regimes”
Islamists’ funds frozen
Prosecutor General freezes funds of Brotherhood’s supreme guide and other leading Islamist figures
Judicial delegation heads to Qatar
Group will discuss ways to repatriate Egyptian assets abroad
EIPR: New information about Gamal Mubarak’s assets
Gamal Mubarak could have used tax havens to launder money
Israel to transfer blocked Palestinian funds: PM’s office
A spokesman for Netanyahu said the decision was to take effect “immediately”.
Tourism in the news: Joint Kuwaiti-Egyptian investment forum set to take place in Marsa Alam
Kuwaiti Arab Development Fund a prominent attendee
Shura discusses amendments to asset-recovery committee
The draft aims to coordinate efforts to restore money smuggled abroad
Prosecutor General renews calls for expatriation of Mubarak assets
Mubarak-era assets in Switzerland are frozen pending new law allowing for expatriation of funds
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Egypt Railways seeks EGP 320 million to fund new development project
Three new companies have been created for the purpose of improving service for long/short term travel and freight trains
Mosireen funding campaign ends today
Mosireen founded an online campaign, raising $40,000
For the seventh time: CBE fixes interest rates on deposits and loans
In its meeting Thursday, the monetary policy committee in the Central Bank of Egypt has decided to fix the interest rates on deposits at 9.25 per cent and on the one night lending at 10.25 per cent for the seventh time since February, in an attempt to maintain the bank’s monetary policy and to control …
Switzerland to return $700 million frozen assets to Egypt
Funds to be returned after convictions secured for former regime members.
Controversial Indian petrochemicals producer to Inject funds in Port Said
The coming period will witness an increase in the economic and investment cooperation between India and Egypt, says minister of investment
PM pressures El-Saeed to stay as Finance Minister
Hisham Qandil seeks re-appointing Momtaz El-Saeed.