fund
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…
Egypt-based Sawari Ventures to close $50Mn fund to new investors by year-end
Business
April 8, 2015
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
October 26, 2013
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…