Funds

Egypt secures $2 billion in budget support from key development partners to boost private sector

During the Egyptian-European Investment Conference, Egypt secured a $1.069 billion agreement with the EU

What is an ETF? Explaining exchange traded funds

ETFs are investment vehicles that track the performance of a specific market index, such as the STI or the S&P 500

Abu Dhabi’s startup ecosystem ranked fastest growing in MENA, raises $1.06 billion in VC: Report

The emirate was also recognized for its strengths in the FinTech, AgTech and New Food, and ClimateTech sectors

U.S. pledges $130 million to support Egypt’s development efforts

This partnership will contribute to stimulating Egypt’s private sector participation in diverse projects

Inflation in Egypt predicted to drop by 10 percent by end of June 2025: Report

The report cited the recent floating of the pound exchange rate and an enhanced IMF agreement

Four Egyptian banks receive positive outlook on improved foreign currency liquidity: Report

These revisions reflect reduced pressures on these banks' capital ratios in the upcoming FY2024/2025

Oman, Kuwait ink four agreements in investment, education and metrology

Agreements to boost existing and future investments in Oman and Kuwait in key sectors

Egypt’s annual urban inflation rate decreases to 32.5 percent in April

Prices in April increased by 1.1 percent, up from 1.0 percent in March, on a month-on-month basis

ATM 2024: Egypt seeks GCC investment boost for tourism development

Egypt targets attracting 30 million tourists by 2028 in light of additional funding for more tourism development projects

COP28 President urges parties to ‘build on progress’, help those most vulnerable to climate change

At COP28, countries pledged a total of $792 million for loss and damage funding arrangements

Abu Dhabi’s ADQ, Oman Investment Authority launch $180 million technology-focused fund

Jasoor Fund propels digital transformation and technological advancement across the region

Hedge fund industry sees $190 billion asset growth in Q1, hits record $4.3 trillion

The industry attracted $16.6 billion in new investments, with a focus on equity and event-driven hedge fund strategies

Africa faces $277 billion annual climate adaptation funding shortfall, warns African Development Bank President

Adesina said the devastating African drought demands urgent, collective action to boost support and financing

Egypt to ensure foreign currency availability through maintaining flexible exchange rate

This represents a key condition for Egypt's $8 billion loan program signed with the IMF

IMF’s Georgieva urges China to address economic slowdown, enhance productivity

The Managing Director highlighted concerns over the country's property crisis, called for domestic growth strategies

Egypt’s finance minister prioritizes inflation reduction, job creation in economic reform agenda

Egypt further plans to sell more state assets, which would reduce the state's role in the economy

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia

The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January

Egypt’s budget surplus soars to $8.74 billion in first nine months of FY 2023/2024

This marks a substantial growth compared to $1.05 billion in the same period in FY 2022/2023

Egypt’s inflation rate decelerates to 33.3 percent in March

Month-on-month, prices rose by 1.0 percent in March, down from 11.4 percent in February

China to establish $70 billion re-lending program to support science and technology sectors

21 banks will provide loans to small and midsize technology companies at a 1.75 percent interest rate under this program