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FRA sets new investment rules for insurance, reinsurance companies

The Financial Regulatory Authority (FRA) has issued decision No. 2 of 2025, outlining new rules and controls for the investment ratios of insurance and reinsurance companies’ funds.

Updated 2/10/2025 1:52:00 AM
CI Capital closes subscription for Egypt's 1st sectoral equity fund

CI Capital announced the closure of subscriptions for its “Sector” multi-issue equity fund on Monday, January 27th.

Updated 1/28/2025 12:20:00 PM
CI Asset Management launches Egypt’s 1st sector equity fund

CI Asset Management, a subsidiary of CI Capital for Financial Investment, has launched Egypt’s first-ever sector equity fund, the “Sector” multi-issue fund.

Updated 11/11/2024 10:16:00 AM
Allianz Egypt plans to launch gold investment fund in early 2025

Allianz Egypt is preparing to launch a gold investment fund in early 2025.

Updated 11/11/2024 10:11:00 AM
Saudi Adeer aims to launch real estate investment fund in Egypt

The Saudi Arabia-based Adeer International is planning to set up a real estate investment fund in Egypt, in partnership with the Saudi financial services provider Areeb Capital.

Updated 10/29/2024 8:18:00 AM
Beltone to launch $50M startup investment funds targeting Africa, MENA

Beltone Venture Capital, a subsidiary of Egypt's Beltone Financial Holding, is set to launch two new startup investment funds with a total target of $50 million, CEO Ali Mokhtar told Asharq Business.

Updated 9/12/2024 4:04:00 AM
Egypt to liquidate Lighthouse Education fund

Egypt is set to liquidate the Lighthouse Education fund before it even commences operations.

Updated 9/11/2024 8:22:00 AM
SPE Capital reaches 1st close of $171M for 2nd fund

SPE Capital’s second fund has achieved its first close at $171 million.

Updated 9/10/2024 12:49:00 PM
NI Capital considers launching government bond investment fund in 2024

NI Capital Holding for Financial Investments is looking to launch a fund to invest in Egypt’s government bonds this year.

Updated 9/10/2024 7:36:00 AM
Menthum, CI Capital Asset Management launch USD Fixed Income Fund

Egypt’s digital savings platform Menthum has introduced the Menthum USD Fixed Income Fund, in collaboration with CI Capital Asset Management Company.

Updated 8/25/2024 12:33:00 PM
Azimut launches shariah-compliant fund

Azimut Egypt has launched its shariah-compliant investment fund.

Updated 7/23/2024 7:35:00 AM
FRA nods to launching Azimut’s shariah-compliant fund

The Financial Regulatory Authority (FRA) has approved the launch of Azimut Egypt’s shariah-compliant fund.

Updated 7/8/2024 7:15:00 AM
AFIM to launch gold fund in June

Al Ahly Financial Investments Management (AFIM) is planning to launch a new gold investment fund by June 24th after obtaining the Financial Regulatory Authority’s (FRA) approval.

Updated 6/13/2024 9:30:00 AM
TSFE plans to launch communications-focused sub-fund

The Sovereign Fund of Egypt (TSFE) is considering launching a new sub-fund focusing on the communications sector within weeks.

Updated 5/29/2024 9:14:00 AM
Egypt eyes luring $6B from real estate sales in 2024

Egypt is targeting selling land plots and residential units worth $6 billion to Egyptians working abroad and foreigners in 2024, Assistant Minister of Housing Abdelkhalek Ibrahim stated.

Updated 5/20/2024 8:14:00 AM
TSFE eyes launching industry-oriented sub-fund: ElSaid

The Sovereign Fund of Egypt (TSFE) is currently studying the launch of a new sub-fund, with a specific focus on the industrial sector, Minister of Planning and Economic Development Hala ElSaid stated.

Updated 5/14/2024 7:18:00 AM
Sawari Ventures seeks to invest $150M in Egyptian start-ups

Egypt-based venture capital company Sawari Ventures is planning to launch a new fund to invest around $150 million in Egyptian start-ups.

Updated 2/18/2024 10:05:00 AM
Compass Capital plans to launch EGP 3B fund for EGX-listed stocks in H1

The private equity firm Compass Capital, in cooperation with CI Capital, is planning to launch C3 Fund worth EGP 3 billion within the first half (H1) of 2024.

Updated 2/13/2024 9:36:00 AM
Erada Microfinance secures EGP 100M in financing from Banque Du Caire

Erada Microfinance Company has signed a financing agreement worth EGP 100 million with Banque du Caire.

Updated 5/18/2023 4:06:00 AM
FRA launches 1st gold fund in Egypt

The Financial Regulatory Authority (FRA) has launched the first minerals investment fund following its approval to establish the first gold fund earlier this month.

Updated 5/15/2023 8:29:00 AM