Funds
News and insights into the region's funds industry, mutual funds, ETFs and other investment vehicles
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Fund increases its stake in Orascom Construction
Sustainable Capital Africa Alpha Fund purchased 387,172 shares
Mubasher
IMF approves $2.772bln emergency support to Egypt to address COVID-19
IMF remained closely engaged with the Egyptian government and CBE, and stood ready to provide further support as needed
Daily News Egypt
Demand for gold ETFs up 300% amid coronavirus crisis
Inflows into ETFs hit nearly 300 tonnes in just three months
ZAWYA
MENA managers to boost Egypt funds, say Saudi Arabia and UAE most vulnerable: poll
Middle Eastern fund managers plan to increase investments in Egypt in the current quarter, according to a Reuters poll
Reuters News
Bahrain's Tamkeen begins payout to private sector firms
The payments will be disbursed over a period of three months
Gulf Daily News
SAMA package helps support private sector against COVID-19 impacts
SAMA announced a plan of action worth about $13.2mln
The Saudi Gazette
Who really deserves government cash?
U.S. Treasury Secretary is considering a government lending program for U.S. oil companies looking for federal aid
Reuters News
Saudi real estate fund deposits over $278mln in Sakani accounts
Fund committed to continue the procedures that ensure the interests of citizens while working virtually
TradeArabia
Financial support needed by Kuwait's SMEs affected by coronavirus crisis is about $1.6bln
Biggest obstacle in supporting companies is the lack of funds in Kuwait National Fund for Small and Medium Enterprises Development
Arab Times