fund

World Bank to host climate damages fund despite opposition from developing nations
World

World Bank to host climate damages fund despite opposition from developing nations

CNN  —  Countries have moved a step closer to getting a fund off the ground to help poor states damaged by…
Ukraine’s foreign minister calls for second portion of EU aid for procuring ammunition
World

Ukraine’s foreign minister calls for second portion of EU aid for procuring ammunition

One week after the European Union approved a fund of approximately $1.1 billion to reimburse states that have sent ammunition…
Saudi fund invested $500 million in Russian oil as Ukraine invasion began
Middle East

Saudi fund invested $500 million in Russian oil as Ukraine invasion began

Saudi Arabia’s Kingdom Holding, the investment firm controlled by billionaire Prince Alwaleed Bin Talal, quietly invested more than $500 million…
Prime Minister issues regulation of Egypt’s Sovereign Wealth Fund
Business

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

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

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

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

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

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

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…
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