Latest in Tag: sovereign wealth fund Highlight
Latest in Tag: sovereign wealth fund
Given the recent growth in the real estate sector in Egypt, the Oil Fund increased its investments in Egyptian real estate companies last year, with total investments amounting to $96.5m in seven firms. TMG had the largest share of them.
A company has been selected to evaluate assets according to their current market value, the Minister added.
Norwegian ‘Government Pension Fund Global’ invests $428m in EGX until end-2018
The issued framework for the planned EGP 200bn sovereign wealth fund (SWF), will come into force immediately, according to a report issued by the Minister of Planning and Administrative Reform, Hala Al-Saeed, on Sunday. According to the regulations published on Saturday in the Official Gazette, the fund, entitled “Misr Fund” would be an independent body …
Chinese ambassador expressed interest to support new fund, utilising China’s expertise