Planning Minister Ashraf el-Araby:
New Fund to start with EGP 5bn capital
Planning Minister Ashraf el-Araby
Cairo - Arab Today
The new sovereign wealth fund “Amlak” will start with a capital of EGP 5 billion as of the new financial year 2015-2016, Planning Minister Ashraf el Araby said.
Speaking to MENA, Araby said the fund will be entirely owned by the State represented by the National Investment Bank and aims to promote and support economic and social sustainable development through enhancing returns on State assets.
The planning minister said some State assets will be professionally run by the Fund in realization of transparency and performance improving to achieve maximum economic profits and growth of the State assets.
Source: MENA
GMT 18:34 2017 Wednesday ,27 December
Shaath reveals opening date of Metro third lineGMT 14:54 2017 Saturday ,23 December
Brazil to maintain control over EmbraerGMT 13:32 2017 Tuesday ,12 December
Senate tax plan would boost revenue $1.8 tnGMT 13:52 2017 Monday ,27 November
Brexit without EU trade deal 'not end of world'GMT 18:44 2017 Tuesday ,21 November
Nader Mohamed underlines World Bank's supportGMT 12:46 2017 Wednesday ,08 November
Al Walwel says Palestinian people ableGMT 18:48 2017 Monday ,06 November
UK queen's offshore investmentsGMT 14:53 2017 Thursday ,02 November
Hong Kong skyscraper sold for record $5.15 bn
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens more
GMT 03:40 2017 Tuesday ,21 February
Dubai Crown Prince offers condolences to martyrs' families
GMT 14:46 2017 Friday ,05 May
King condoles Somali president over death of minister of public works and housing
GMT 13:47 2018 Tuesday ,16 January
Philippines' Mayon volcano alert raised
GMT 04:30 2017 Thursday ,30 March
Lebanese star Mory Hatem auditions for Disney’s Aladdin
GMT 20:39 2017 Wednesday ,26 July
Saudi Shoura Council delegation to take part in Morocco Al-Quds meeting
GMT 14:01 2017 Wednesday ,27 September
Ryanair says dropping bid to buy Italian rival AlitaliaGMT 16:16 2011 Friday ,09 December
Passion Play
GMT 19:22 2016 Wednesday ,01 June
8 suicides killed in Algeria's Sétif
GMT 13:22 2017 Tuesday ,12 September
OPEC says oil output dips, 'rebalancing' underwayGMT 08:40 2012 Saturday ,28 January
Paradis showing her cleavage
GMT 11:23 2017 Saturday ,18 November
Saudi Arabia recalls ambassador to Berlin over Lebanon commentsGMT 11:46 2012 Thursday ,05 January
Canada streamlines airport security regulations
GMT 06:15 2014 Monday ,06 January
Saudi tribute to Bahrain police
GMT 19:55 2013 Friday ,07 June
Moroccan national football team slips down FIFA rankingsGMT 09:33 2011 Sunday ,25 September
Kuwait court annuls Zain telecom meeting, election
GMT 13:01 2018 Friday ,31 August
Conditions ripe in Syria for complete elimination of terrorist organizationsGMT 08:12 2011 Thursday ,11 August
Moscow and Kiev to talk energyGMT 11:49 2011 Friday ,18 November
European shares fall on debt yield worries
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor