News Egypt Investment funds: Egypt’s petroleum minister says investments needed in both fossil fuels and renewables
“We need investments in exploration ... according to the International Monetary Fund. Egypt, which hosted the UN climate conference Cop27 in November, has committed to sourcing 42 per cent of its ...
News Egypt Investment funds: Egypt: Military-led projects could impede el-Sissi's economic makeover
Inflation, IMF demands and the end of unconditional funds from the Gulf states mean Egypt needs foreign investments. But military-run trademark projects could hamper any real upswing.At this week's World Government Summit in Dubai, Egyptian President Abdel-Fattah el-Sissi said that " Egypt needs a trillion-dollar budget each year. He added that Cairo...
News Egypt Investment funds: Cash-strapped Egypt sells state assets to Gulf nations
Egypt, sapped dry of dollars despite a $3 billion International Monetary Fund bailout loan, is seeking to boost its coffers by selling state assets to wealthy Gulf nations.Of the $34.2 billion in Cairo's foreign reserves -– a 20 percent drop from February 2022 –- some $28 billion are deposits from wealthy Gulf allies.
News Egypt Investment funds: Egyptian investment app Thndr nabs $20M from Tiger Global, Prosus Ventures and others
Despite the titular “Robinhood for Egypt and the Middle East”, Thndr ... revenue share agreements with asset managers running mutual funds and floats on idle cash sitting in customers ...
News Egypt Investment funds: Fitch Solutions upgrades Egypt’s real GDP growth to 5.3% in FY2021/22, FY2022/23
Shared with Ahram Online on Sunday, the report attributed the revision largely to a rebound in investments ... predicted Egypt to apply for another International Monetary Fund (IMF) programme ...
News Egypt Investment funds: Egypt state investment bank NI Capital sets up new fixed-income fund
in the initial public offering of a fund called Siula, which as of the end of 2021 had attracted net investment of 4.5 billion pounds. Siula paid out an annualised yield of 9.81%, making it the best ...
