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MEVP closes three deals in Lebanon via two funds

Middle East Venture Partners closed three new deals on May 22, 2013, through its two flagship funds, Middle East Venture Fund and Building Block Equity Fund.

Enterprise Qatar's USD100m fund targets SMEs

Enterprise Qatar (EQ), a corporation established in 2008 backed by the Qatari government, is set to launch a QAR 364 million (USD 100 million) fund aimed at financing small and medium enterprises (SMEs), a top-level official from the company told Zawya.

Algeria to build seven dams by end-2013

Algeria's ministry of water resources has set aside DZD 41 billion (USD 512 million) for the construction of seven dams to be located in the states of Batna, Tizi Ouzou, Souk Ahras, El Taref, Tissem silt, Al Shalf and Sidi Bel Abbès, a ministry official told Zawya.

Egypt sets sights on USD296m Dakahlia agro complex

The Egyptian government is considering the establishment of an agricultural industries complex, covering a total land area of 303 acres in the governorate of Dakahlia, for an estimated USD 296 million, an official from the state investment agency told Zawya.

Egypt to seek funding for Heliopolis metro revamp

The Public Transport Authority of Cairo governorate is set to offer the Heliopolis metro network re-development as part of a Public Private Partnership (PPP) project by August, an official source told Zawya.

Algeria sets USD200m for 6,000 housing units

The Algerian government has approved the construction of a 6,000-unit housing project in the southern province of Ouargla. Estimated at around USD 200 million, the development is set to start this month, an official source told Zawya.

Muscat Securities Market (MSM) Director General Ahmed Saleh Al Marhoon on capital market activities in Oman

Oman's market cap-to-GDP ratio is the lowest among the GCC nations. What actions or initiatives need to be taken to further increase Oman's market cap-to-GDP ratio?AL MARHOON: Oman's current market cap-to-GDP ratio indicates that there is room for expansion on the MSM. For the last few years, we have been focusing on raising the ratio to that of the other international markets. We are | Oman's market cap-to-GDP ratio is the lowest among the GCC nations. What actions or initiatives need to be taken to further increase Oman's market cap-to-GDP ratio?AL MARHOON: Oman's current market cap-to-GDP ratio indicates that there is room for expansion on the MSM. For the last few years, we have been focusing on raising the ratio to that of the other international markets. We are

Egypt's sukuk projects attract eight banks

Egypt's ministry of finance has received applications from eight foreign and Arab banks to promote to investors a number of shariah-compliant infrastructure and service projects, a ministry official told Zawya.

IsDB seeks more MENA projects financing

The Islamic Institution for the Development of the Private Sector is planning to set up Islamic banks and financial leasing companies in the Middle East, Khaled Al Abboudy, chief executive officer of the institution, told Zawya.

Egypt to open bidding for stadium before end-2013

The Central Unit for Public Private Partnership (PPP) at Egypt's ministry of finance is considering offering the 6th of October stadium project to the private sector through a global tender to be announced before the end of this year, the unit director told Zawya.