Tuesday , 18 December 2018

Investment

Egypt pledges a number of initiatives to boost investment, integration and governance during Africa 2018 Forum

A Guarantee Fund created to assist Egyptians companies to invest in the continent Egypt sends a clear message of intent as it prepares to take over chairmanship of the African Union; A Guarantee Fund created to assist Egyptians companies to invest in the continent; Governance and the fight against corruption, two core issues at the centre of their AU agenda. …

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Interview: Egypt’s PPP unit seeks bidders for schools, housing and infrastructure projects

Requests for proposals for projects covering up to 200 new schools and eight dry ports to be issued in the first quarter of 2019 Egypt’s government plans to issue tenders for the second phase of a government programme to develop 200 schools under a public-private partnership (PPP) framework in the first quarter of 2019. Requests for proposals for private sector …

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Government and private sector to get together at the Africa 2018 Forum in Sharm El Sheikh

Government and private sector to get together at the Africa 2018 Forum in Sharm El Sheikh to foster greater regional integration through investments and cross border collaboration The Forum will also host the largest exhibition of African Investment Promotion Agencies 9 Heads of State expected at the Forum as Egypt takes over chairmanship of the African Union in 2019; Some …

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Green investments have no consistent definition- analysts

ADGM’S Financial Development Centre head argues projects offering a “greening of brown industries” should be considered A lack of consistent definition or a clear explanation of what makes an investment sustainable or green is posing a challenge to the industry in the region and globally, two analysts have said. “There is a lack of consistent definition,” Steve Barnett, the head …

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DWS Group acquires stake in digital investment platform Neo Technologies

DWS Group enters into a strategic partnership and acquires an equity stake of 15% in Neo Mena Technologies Neo Technologies is a first mover in digital asset management solutions for financial institutions in the MENA region, based out of the Dubai International Financial Centre Neo team has worked with NBK Capital to launch Kuwait’s first digital investment service DWS Group …

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DIFC will make first investment from $100mln fintech fund “shortly”

Fund is “in the process of being seeded and structured as we speak”, says chief business development officer Salman Jaffery The first investment to be made from the $100 million financial technology (fintech) fund launched by Dubai International Financial Centre (DIFC) is set to be made “shortly”, according to the centre’s chief business development officer, Salmaan Jaffery. Speaking to Zawya …

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Abu Dhabi Investment Office’s $1.36bln projects to boost economic diversification

Abu Dhabi is looking at a big push into the tourism sector. UAE – Abu Dhabi Investment Office is giving wings to the Government’s Vision 2030 of economic diversification with real estate projects worth Dh5 billion. ADIO adviser Mohamed Al Hosani said Delma Island – considered the most difficult place to invest – will see massive uplift with implementation of …

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ADIB’s right issue more than five times oversubscribed, investors await Q3 earnings

ADIB announces that it has successfully raised 1 billion dirham through a rights issue Adds comments from analysts and major stock market movements in the Gulf. Abu Dhabi Islamic Bank (ADIB), the largest Shariah-compliant lender in Abu Dhabi raised 1 billion UAE dirhams ($272 million) through a rights issue, and the offer was five times oversubscribed, the bank said in …

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UAE Space Agency to unveil investment strategy in October

Total Emirati investments in space sector valued at over $5.98bln so far in 2018 The UAE Space Agency has been preparing a full-fledged strategy to invest in the GCC country’s space sector in cooperation with relevant authorities. The anticipated strategy will be announced next October, according to the local business platform Arabian Business. The strategy aims at reinforcing the contribution …

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All about the green: UAE’s wealthy more likely to invest sustainably

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended weekend reading Wealthy individuals from the United Arab Emirates are more likely to place a part of their portfolio in sustainable investments than their global counterparts, according to Swiss investment bank UBS. The bank’s latest UBS Investor Watch report issued on Thursday found that …

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